Form 4: loanDepot Directors Settle Restricted Stock Units

loanDepot directors and related entities report the settlement of restricted stock units (RSUs) into Class A Common Stock.

Summary

• PCP Managers GP, LLC, PCP Managers, L.P., Brian Golson, and Andrew Dodson, all with affiliations to Parthenon Capital, reported transactions related to loanDepot, Inc. (LDI).
• On February 29, 2024, RSUs that vested on February 28, 2024, were settled.
• 29,342 Class A Common Stock shares were acquired through the settlement of RSUs at a price of $0.
• Following the reported transaction, the reporting persons indirectly beneficially own 4,116,815 shares of Class A Common Stock.
• The directors hold the RSUs for the benefit of PCP Managers, L.P. and disclaim all right, title and interest in the RSUs.
• Remaining RSUs will vest on May 31, 2024, subject to continued service.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to director compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

Remaining RSUs will vest on May 31, 2024, subject to the applicable Director's continued service.

Industry Context

This filing is a routine disclosure related to equity compensation for directors, common in publicly traded companies.

Stakeholder Impact

• The transaction affects the beneficial ownership of the company's shares, which is relevant to shareholders.

Next Steps

• Remaining RSUs will vest on May 31, 2024, subject to continued service.

Key Dates