LendingTree (TREE) CHRO exercises RSUs and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
13,750 shares exercised/converted
Mixed
6 txns
Insider
Olmstead Jill
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,750 | $0.00 | -- |
| Exercise | Common Stock | 3,750 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,067 | $37.37 | $40K |
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,989 | $37.37 | $112K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 35,031 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. 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
What insider transactions did LendingTree (TREE) report for Jill Olmstead?
LendingTree reported that Chief Human Resources Officer Jill Olmstead exercised restricted stock units into common stock and delivered shares to cover taxes. The transactions occurred on March 1 and 2 and involved derivative exercises (code M) and tax-withholding dispositions (code F).
How do Jill Olmstead’s LendingTree (TREE) restricted stock units convert into common shares?
Footnotes state that her restricted stock units convert into LendingTree common stock on a one-for-one basis. As units vest under their original award agreements, they are settled in an equal number of common shares, which are then reflected in her reported holdings.
What are the vesting terms mentioned for LendingTree (TREE) restricted stock units?
The filing notes that certain restricted stock units vest in three substantially equal annual installments starting March 1, 2025, while others vest 50% on the first anniversary of grant and 25% on each of the second and third anniversaries, under the original award agreements.