4/A: loanDepot Director Amends Filing to Clarify Stock Ownership After RSU Settlement

John Hoon Lee, a director at loanDepot, amended a previous SEC filing to accurately reflect direct ownership of Class A Common Stock received upon settlement of Restricted Stock Units (RSUs).

Summary

• John Hoon Lee, a director at loanDepot, filed an amendment to a Form 4 originally submitted on December 2, 2022.
• The amendment clarifies that shares delivered upon the settlement of Restricted Stock Units (RSUs) are directly owned by Lee.
• The filing updates the amount of securities beneficially owned following the reported transactions.
• The original transaction date was November 30, 2022, involving the settlement of 21,552 RSUs.
• The amendment also includes a power of attorney as an exhibit.
• Lee also granted a Power of Attorney to Gregory Smallwood, Darren Graeler and Amanda Darby to manage EDGAR access codes and filings under Section 13 and 16.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates