LendingTree, Inc. (TREE) grants CEO 75,300 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingTree, Inc. reported that Chief Executive Officer Peyree Scott received equity awards in the form of restricted stock units on common stock. Scott was granted 30,000 restricted stock units that convert one-for-one into common shares and vest in three substantially equal annual installments beginning on March 5, 2027. Scott also received 45,300 performance-vested restricted stock units, which convert one-for-one into common shares and can vest over a four-year period if the company’s stock sustains specified average price hurdles of $69.15, $83.85, and $98.55. Any performance units that do not vest by the fourth anniversary of the award date will be forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Peyree Scott
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 30,000 | $0.00 | -- |
| Grant/Award | Performance Vested Restricted Stock Units | 45,300 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 30,000 shares (Direct);
Performance Vested Restricted Stock Units — 45,300 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 5, 2027, in accordance with the terms of the original award agreement. Performance vested restricted stock units convert into common stock on a one-for-one basis. These performance vested restricted stock units shall vest upon the Company's achievement of specified price hurdles during the four-year period after the grant date, as follows: (1) at a price of $69.15, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the later to occur of either the achievement of the price hurdle or the one-year anniversary of the grant date, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle; (2) at a price of $83.85, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the later to occur of either the achievement of the price hurdle or the one-year anniversary of the grant date, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle; and (3) at a price of $98.55, 1/3 of the performance vested restricted stock units, (Continued from F4) of which 1/2 will vest upon the later to occur of either the achievement of the price hurdle or the one-year anniversary of the grant date, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle. The price hurdle shall be deemed "achieved" if during the performance period, there is a date on which (with respect to 90 trading days immediately preceding such date) the average closing stock price during such 90-trading-day period of the Company's common stock equaled the applicable price hurdle stock price. To the extent that any performance vested restricted stock units do not become vested by the fourth anniversary of the Award Date, any such unvested performance vested restricted stock units shall be immediately forfeited.
FAQ
What insider transaction did LendingTree (TREE) report for CEO Peyree Scott?
LendingTree reported that CEO Peyree Scott received equity awards in the form of restricted stock units. She was granted 30,000 time-based RSUs and 45,300 performance-vested RSUs, all convertible into common stock on a one-for-one basis subject to their respective vesting conditions.
How many restricted stock units did LendingTree (TREE) grant to its CEO?
Peyree Scott received 30,000 restricted stock units and 45,300 performance-vested restricted stock units. Each unit represents the right to receive one share of LendingTree common stock if the applicable time-based or performance-based vesting requirements disclosed in the award terms are satisfied.
What is the vesting schedule for Peyree Scott’s time-based RSUs at LendingTree (TREE)?
The 30,000 restricted stock units vest in three substantially equal annual installments starting March 5, 2027. This means one-third of the units vests each year over three years, provided the conditions in the original award agreement continue to be met during the vesting period.
How do the performance-vested RSUs for LendingTree (TREE) CEO vest?
The 45,300 performance-vested RSUs vest based on stock price hurdles of $69.15, $83.85, and $98.55 achieved during a four-year period. One-third of the units is tied to each hurdle, with vesting split between initial achievement and the first anniversary of each achieved hurdle.
How are LendingTree (TREE) performance hurdles measured for the CEO’s RSUs?
A price hurdle is considered achieved if, during the performance period, there is a date where the 90-trading-day average closing stock price equals the specified hurdle. If any performance-vested units have not vested by the fourth anniversary of the award date, they are immediately forfeited.
Do Peyree Scott’s restricted stock units at LendingTree (TREE) convert into common shares?
Both the time-based and performance-vested restricted stock units convert into LendingTree common stock on a one-for-one basis. Actual conversion depends on satisfying the described vesting schedules, including service-based installments and stock price hurdles within the defined four-year performance period.