Form 4: loanDepot CLO Gregory Smallwood's Equity Transactions

loanDepot's Chief Legal Officer, Gregory Smallwood, reported the vesting and settlement of restricted stock units, along with the acquisition of new equity awards.

Summary

• Gregory Smallwood, Chief Legal Officer of loanDepot, Inc. (LDI), reported transactions on March 16, 2026.
• 118,613 shares of Class A Common Stock were acquired upon the vesting and settlement of Restricted Stock Units (RSUs).
• 32,150 shares of Class A Common Stock were disposed of at a price of $1.56 per share to cover tax withholding obligations related to the RSU settlement.
• Smallwood acquired 306,603 new Restricted Stock Units (RSUs) which will vest in three equal annual increments commencing March 16, 2027.
• He also acquired 102,201 Performance Share Units (PSUs) which vest upon the Class A Common Stock achieving specified prices per share, with an expiration date of March 16, 2029.
• Following these transactions, Smallwood beneficially owns 298,052 shares of Class A Common Stock directly.
• He also beneficially owns 237,226 Restricted Stock Units (from a prior grant) and 306,603 new Restricted Stock Units, and 102,201 Performance Share Units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation and alignment with shareholder interests through new equity awards, despite a portion being sold for tax purposes.

Positives

• The acquisition of 306,603 new Restricted Stock Units and 102,201 Performance Share Units demonstrates continued executive alignment with the company's long-term performance and shareholder interests.
• The vesting of 118,613 Restricted Stock Units indicates the fulfillment of prior compensation agreements, reflecting ongoing executive retention and reward.

Negatives

• The disposition of 32,150 shares of Class A Common Stock for tax withholding purposes reduces the direct beneficial ownership of the Chief Legal Officer.

Future Outlook

The reporting person has future equity awards scheduled to vest, with 237,226 Restricted Stock Units from a prior grant vesting in annual increments commencing March 14, 2026, 306,603 new Restricted Stock Units vesting in annual increments starting March 16, 2027, and 102,201 Performance Share Units vesting upon the achievement of specified stock prices by March 16, 2029.

Industry Context

StockSavvy.ai notes that these types of equity award grants and vesting events are standard components of executive compensation packages across the financial services industry, designed to align management incentives with long-term shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of new equity awards by the Chief Legal Officer aligns management's long-term interests with shareholder value creation.
• Employees (specifically the reporting person): The vesting and granting of equity awards represent a significant component of executive compensation, incentivizing performance and retention.

Next Steps

• Future vesting of 237,226 Restricted Stock Units in annual increments commencing March 14, 2026.
• Future vesting of 306,603 Restricted Stock Units in annual increments commencing March 16, 2027.
• Future vesting of 102,201 Performance Share Units upon achieving specified stock prices by March 16, 2029.

Key Dates

Keywords

loanDepot, LDI, Gregory Smallwood, Chief Legal Officer, Insider Transaction, Form 4, Restricted Stock Units, Performance Share Units, Equity Compensation, Stock Vesting