LendingTree (NASDAQ: TREE) CFO logs RSU conversions and tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingTree, Inc. Chief Financial Officer Jason Bengel reported multiple equity compensation transactions. He exercised restricted stock units that convert into common stock on a one-for-one basis, receiving several lots of common shares at a price of $0.0000 per share. To cover tax liabilities related to these awards, shares of common stock were disposed of through tax-withholding transactions at $37.3700 per share. The footnotes explain that some restricted stock units vest in three substantially equal installments beginning on March 1, 2025, while others vest in two substantially equal annual installments beginning on March 2, 2025, under the terms of the original award agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,167 shares exercised/converted
Mixed
9 txns
Insider
Bengel Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,000 | $0.00 | -- |
| Exercise | Common Stock | 1,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 285 | $37.37 | $11K |
| Exercise | Restricted Stock Units | 4,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,167 | $0.00 | -- |
| Exercise | Common Stock | 4,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,242 | $37.37 | $46K |
| Exercise | Common Stock | 1,167 | $0.00 | -- |
| Tax Withholding | Common Stock | 394 | $37.37 | $15K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 11,048 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. These restricted stock units vest in three substantially equal installments beginning on March 1, 2025, in accordance with the terms of the original award agreement. These restricted stock units will vest in two substantially equal annual installments beginning on March 2, 2025, in accordance with the terms of the original award agreement.
FAQ
What did LendingTree (TREE) CFO Jason Bengel report in this Form 4?
LendingTree CFO Jason Bengel reported exercises of restricted stock units into common stock and related tax-withholding share dispositions. These transactions reflect routine equity compensation activity, where awards convert into shares and some shares are withheld to satisfy tax obligations.
How were Jason Bengel’s restricted stock units converted at LendingTree (TREE)?
Jason Bengel’s restricted stock units converted into LendingTree common stock on a one-for-one basis at a per-share price of $0.0000. This means each unit became one share, consistent with the company’s equity award terms disclosed in the filing and accompanying footnotes.
What were the tax-withholding transactions disclosed for LendingTree (TREE) CFO?
The Form 4 shows common stock dispositions coded “F,” indicating shares were delivered to cover tax liabilities. These tax-withholding transactions involved blocks of shares at a price of $37.3700 per share, rather than open-market sales initiated for investment purposes.
When do Jason Bengel’s LendingTree (TREE) restricted stock units vest?
Some of Jason Bengel’s restricted stock units vest in three substantially equal installments beginning on March 1, 2025. Another tranche vests in two substantially equal annual installments beginning on March 2, 2025, following the original award agreements’ vesting schedules.
Does this LendingTree (TREE) Form 4 indicate open-market buying or selling?
The Form 4 reflects derivative exercises and tax-withholding dispositions, not open-market buying or selling. Transactions coded “M” are exercises or conversions of equity awards, while those coded “F” indicate shares delivered to pay taxes associated with those awards.