Form 4 for TREE LendingTree, Inc.
Accepted 2024-05-20 00:00:00 ET · period of report 2024-05-16 · accession 0001683168-24-003713 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-05-20 | 2024-05-16 | TREE | Peyree Scott | COO | M - OptEx | — | +4,000 | 33.0K | +14% | — |
| D | 2024-05-20 | 2024-05-16 | TREE | Peyree Scott | COO | F - Tax | $46.01 | -1,133 | 31.9K | -3% | -$52.1K |
| D | 2024-05-20 | 2024-05-16 | TREE | Peyree Scott | COO | M - OptEx | — | +4,000 | 20.0K | +25% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-05-16 | M | A | 4,000 | — | 32,991 | D | — | — | (F1) Performance vested restricted stock units convert into common stock on a one-for-one basis. (F2) Includes 1,407 shares of Common Stock acquired under the LendingTree, Inc. Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2024-05-16 | F | D | 1,133 | $46.01 | 31,858 | D | — | — | (F2) Includes 1,407 shares of Common Stock acquired under the LendingTree, Inc. Employee Stock Purchase Plan. |
| 3 | Derivative | Performance Vested Restricted Stock Units | 2024-05-16 | M | A | 4,000 | — | 20,000 | D | — · — to — | 4,000 Common Stock | (F1) Performance vested restricted stock units convert into common stock on a one-for-one basis. (F4) 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 $41.17, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the achievement of the price hurdle, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle; (2) at a price of $52.94, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the achievement of the price hurdle, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle; and (3) at a price of $64.70, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the achievement of the price hurdle, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle. (F5) (Continued from F4) The price hurdle shall be deemed "achieved" if during the performance period, there is a date on which (with respect to 45 trading days immediately preceding such date) the average closing stock price during such 45-trading-day period of the Company's common stock equaled the applicable price hurdle stock price. To the extent that any Performance Vested RSUs do not become vested by the fourth anniversary of the Award Date, any such unvested performance vested restricted stock units shall be immediately forfeited. |