Form 4: loanDepot CFO Exercises Restricted Stock Units and Sells Shares for Tax Obligations
Insider Transaction Report
loanDepot's Chief Financial Officer, David R. Hayes, acquired 194,575 shares of Class A Common Stock through RSU exercise and subsequently sold 73,149 shares to cover tax obligations.
Summary
- David R. Hayes, Chief Financial Officer of loanDepot, Inc. (LDI), reported transactions on July 3, 2025.
- Acquired 194,575 shares of Class A Common Stock upon the exercise/settlement of Restricted Stock Units (RSUs) at a price of $0.
- Disposed of 73,149 shares of Class A Common Stock at a price of $1.28 to satisfy tax withholding obligations related to the RSU settlement.
- Following these transactions, David R. Hayes beneficially owns 439,805 shares of Class A Common Stock directly.
- All Restricted Stock Units previously held were settled, resulting in 0 derivative securities beneficially owned.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive as the filing indicates the vesting and exercise of Restricted Stock Units, which is a routine compensation event. The subsequent sale of shares is for tax withholding, a common practice, and not indicative of a negative outlook on the company.
Positives
- Chief Financial Officer David R. Hayes exercised 194,575 Restricted Stock Units, indicating the vesting and settlement of equity compensation.
Negatives
- Chief Financial Officer David R. Hayes disposed of 73,149 shares of Class A Common Stock to cover tax withholding, reducing his direct beneficial ownership.
Risks
- No specific risks related to company operations or financial health are disclosed in this Form 4 filing, as it primarily reports insider trading activity.
Future Outlook
This Form 4 filing reports past insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The exercise of Restricted Stock Units and subsequent sale for tax withholding are routine insider transactions that have a minimal direct impact on the overall share structure or valuation.
- Employees: The vesting and exercise of RSUs demonstrate the company's commitment to its equity compensation plans for executives.
Key Dates
| Date | Description |
|---|---|
| 07/03/2025 | Date of earliest transaction, including RSU exercise and tax-related share disposition. |
| 07/07/2025 | Date the Form 4 was signed by the Attorney-in-Fact for David R. Hayes. |
Keywords
loanDepot, LDI, Form 4, Insider Trading, RSU, Restricted Stock Units, Stock Compensation, David R. Hayes, CFO, Share Sale, Tax Withholding
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