LendingTree CHRO exercises RSUs, withholds shares
LendingTree, Inc. Chief Human Resources Officer Jill Olmstead reported several equity award transactions.
Rhea-AI Filing Summary
LendingTree, Inc. Chief Human Resources Officer Jill Olmstead reported several equity award transactions. On March 1 and 2, she exercised restricted stock units into common stock in multiple transactions coded “M,” reflecting derivative exercises or conversions at a stated price of $0.00 per share.
On both dates she also reported transactions coded “F,” where a total of 1,067 and 2,989 common shares, respectively, were delivered at $37.37 per share to cover tax obligations associated with these equity awards. After these transactions, she directly owned 33,964 shares of LendingTree common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,750 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,750 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,067 | $37.37 | $40K |
| Exercise | Restricted Stock Units | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,989 | $37.37 | $112K |
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. These restricted stock units will vest in three substantially equal annual installments beginning on March 1, 2025 in accordance with the terms of the original award agreement.
- F3. These restricted stock units vest as follows: 50% of the restricted stock units will vest on March 2, 2024, the first anniversary of the date of grant and 25% of the restricted stock units will vest on the second and third anniversaries of the date of grant, in accordance with the terms of the original award agreement.
FAQ
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What insider transactions did LendingTree (TREE) report for Jill Olmstead?
How do Jill Olmstead’s LendingTree (TREE) restricted stock units convert into common shares?
What are the vesting terms mentioned for LendingTree (TREE) restricted stock units?
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