Form 4: loanDepot CRO Joseph Grassi III Reports Stock Transactions

loanDepot's Chief Risk Officer, Joseph J. Grassi III, reported the vesting and settlement of restricted and performance stock units, alongside related tax-withholding sales.

Summary

• Joseph J. Grassi III, Chief Risk Officer of loanDepot, Inc. (LDI), reported changes in his beneficial ownership of Class A Common Stock.
• On April 15, 2026, 46,099 Restricted Stock Units (RSUs) vested, converting into Class A Common Stock.
• Concurrently, 13,876 shares of Class A Common Stock were disposed of at a price of $1.55 per share to cover tax withholding obligations related to the RSU vesting.
• Also on April 15, 2026, 46,099 Performance Share Units (PSUs) vested, converting into Class A Common Stock.
• An additional 13,876 shares of Class A Common Stock were disposed of at a price of $1.55 per share for tax withholding related to the PSU vesting.
• The PSUs, granted on April 15, 2024, vested upon LDI achieving one fiscal quarter of positive adjusted net income.
• Following these transactions, Joseph J. Grassi III beneficially owns 274,105 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive event. While routine, the vesting of performance-based units indicates the company met a specific financial target (positive adjusted net income), which is a favorable operational sign.

Positives

• The vesting of 46,099 Restricted Stock Units (RSUs) and 46,099 Performance Share Units (PSUs) indicates the achievement of performance conditions and scheduled equity compensation for the Chief Risk Officer.
• The vesting of PSUs confirms that loanDepot, Inc. achieved one fiscal quarter of positive adjusted net income, a positive operational milestone.

Negatives

• A total of 27,752 shares of Class A Common Stock were sold at $1.55 per share to cover tax withholding obligations, representing a reduction in direct beneficial ownership.

Future Outlook

Remaining Restricted Stock Units (RSUs) and Performance Share Units (PSUs) are scheduled to vest on April 15, 2027.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one, are common disclosures for publicly traded companies, reflecting scheduled equity compensation events for executives. While specific to an individual's holdings, the vesting of performance-based units can offer a minor signal regarding the company's achievement of internal financial targets, in this case, positive adjusted net income.

Stakeholder Impact

• Shareholders: The report details changes in insider ownership, which can be of interest to investors tracking management's stake in the company. The vesting of PSUs also indicates the achievement of a performance metric that benefits shareholders.

Next Steps

• Remaining Restricted Stock Units (RSUs) are scheduled to vest on April 15, 2027.
• Remaining Performance Share Units (PSUs) are scheduled to vest on April 15, 2027.

Key Dates

Keywords

loanDepot, LDI, Form 4, Insider Trading, Stock Units, Restricted Stock Units, Performance Share Units, Equity Compensation, Chief Risk Officer, Joseph J. Grassi III, Beneficial Ownership