Parthenon Capital affiliates add 211,864 RSUs in loanDepot (LDI) Form 4
Rhea-AI Filing Summary
PCP MANAGERS GP, LLC reported acquisition or exercise transactions in this Form 4 filing.
loanDepot, Inc. reported that entities affiliated with Parthenon Capital received an indirect grant of 211,864 restricted stock units (RSUs) of Class A common stock at no cost. These RSUs vest in installments on August 31, 2026, November 30, 2026, February 26, 2027, and May 28, 2027.
Following this award, the affiliated entities are shown as indirectly holding 103,768,936 shares of Class A common stock. The Form 4 notes that the RSUs are held for the benefit of PCP Managers, L.P., and the individuals involved disclaim beneficial ownership except for any pecuniary interest. A separate entry shows 2,500 shares held of record by the father of director Brian Golson, which he oversees.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 211,864 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 211,864 unvested restricted stock units ("RSUs"), which vest ratably on August 31, 2026, November 30, 2026, February 26, 2027, and May 28, 2027. Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4. PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). Mr. Golson is the Co-CEO and Managing Partner at Parthenon Capital and Mr. Dodson is a Managing Partner at Parthenon Capital. PCP Managers GP, LLC and certain of the reporting persons and their affiliates may be deemed to beneficially own the reported securities. Pursuant to Assignment and Acknowledgement Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson serve as directors of the Issuer (the "Directors") and hold the RSUs for the benefit of PCP Managers, L.P. The Directors disclaim all right, title and interest in the RSUs. Mr. Golson oversees the reported LDI shares held of record by his father.