LendingTree (NASDAQ: TREE) director granted 5,000 RSUs, exercises prior award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingTree director Mark A. Ernst reported equity compensation activity involving restricted stock units and common shares. He received a grant of 5,000 restricted stock units that convert into common stock on a one-for-one basis and vest on the earliest of several conditions tied to the company’s 2026 and 2027 annual meetings, a change in control, or his death or disability. On an earlier date, he exercised a prior award of 5,000 restricted stock units granted in 2025, converting them into 5,000 shares of common stock. Following these transactions, he directly holds 49,421 shares of LendingTree common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
3 txns
Insider
ERNST MARK A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,000 shares (Direct, null);
Common Stock — 49,421 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On June 11, 2025, the Reporting Person was granted 5,000 restricted stock units that vested on the earliest of (i) the first anniversary of the date of the Company's 2025 Annual Meeting of Stockholders; (ii) the date of the Company's 2026 Annual Meeting of Stockholders; (iii) a change in control of the Company; and (iv) the director's death or disability. These restricted stock units will vest on the earliest of (i) the first anniversary of the date of the Company's 2026 Annual Meeting of Stockholders; (ii) the date of the Company's 2027 Annual Meeting of Stockholders; (iii) a change in control of the Company; and (iv) the director's death or disability.
Key Figures
New RSU grant: 5,000 restricted stock units
RSU-to-stock ratio: 1:1 RSU to common share
Prior RSU exercise: 5,000 units exercised
+2 more
5 metrics
New RSU grant
5,000 restricted stock units
Award reported with grant-type code A
RSU-to-stock ratio
1:1 RSU to common share
Restricted stock units convert into common stock one-for-one
Prior RSU exercise
5,000 units exercised
Restricted stock units converted into 5,000 common shares
Shares after transactions
49,421 common shares
Direct holdings following reported Form 4 transactions
2025 RSU grant size
5,000 restricted stock units
Grant on June 11, 2025 later exercised into common stock
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, change in control, Annual Meeting of Stockholders
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
change in control financial
"vested on the earliest of ... a change in control of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Annual Meeting of Stockholders financial
"the date of the Company's 2026 Annual Meeting of Stockholders"
FAQ
What insider transactions did LendingTree (TREE) director Mark A. Ernst report?
Mark A. Ernst reported a new grant of 5,000 restricted stock units and the exercise of a prior 5,000-unit award into common stock. These transactions increase his equity-based compensation and adjust his direct common stock holdings at LendingTree.
How many LendingTree (TREE) restricted stock units were granted to Mark A. Ernst?
He was granted 5,000 restricted stock units. Each unit represents the right to receive one share of LendingTree common stock, subject to vesting conditions tied to future annual stockholder meetings, a change in control, or his death or disability.
When do Mark A. Ernst’s newly granted LendingTree (TREE) RSUs vest?
The 5,000 restricted stock units will vest on the earliest of the first anniversary of the 2026 annual meeting, the date of the 2027 annual meeting, a change in control, or the director’s death or disability, as specified in the award terms.
What prior LendingTree (TREE) RSU award did Mark A. Ernst exercise?
He exercised a prior grant of 5,000 restricted stock units originally awarded on June 11, 2025. Those units converted into 5,000 shares of LendingTree common stock on a one-for-one basis when the derivative award was exercised.
Do Mark A. Ernst’s LendingTree (TREE) RSUs convert to stock at a specific ratio?
Yes. The filing states that restricted stock units convert into LendingTree common stock on a one-for-one basis. This means each vested unit delivers one share of common stock when settled under the award terms.