LendingTree (NASDAQ: TREE) CEO exercises 12,499 shares and covers taxes with stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingTree, Inc. Chief Executive Officer Peyree Scott reported routine equity compensation activity involving restricted stock units and related tax withholding. On March 10, 2026, Scott exercised or converted derivative awards into 12,499 shares of common stock, consisting of restricted stock units and performance-vested restricted stock units that convert into common stock on a one-for-one basis.
To cover tax obligations on these awards, 4,930 shares of common stock were withheld at $42.65 per share, characterized as payment of tax liabilities rather than open-market sales. Following these transactions, Scott directly held 122,498 common shares. The filing also lists additional indirect common stock holdings through a revocable trust and grantor retained annuity trusts, with a footnote stating Scott disclaims beneficial ownership of the grantor retained annuity trust shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,499 shares exercised/converted
Mixed
9 txns
Insider
Peyree Scott
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,499 | $0.00 | -- |
| Exercise | Performance Vested Restricted Stock Units | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 7,499 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,962 | $42.65 | $126K |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,968 | $42.65 | $84K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,001 shares (Direct);
Performance Vested Restricted Stock Units — 25,000 shares (Direct);
Common Stock — 122,428 shares (Direct);
Common Stock — 9,622 shares (Indirect, Through a revocable trust)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. The reporting person's spouse is the sole beneficiary of this grantor retained annuity trust. The reporting person disclaims beneficial ownership of the shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares for purposes of Section 16 or any other purpose. These restricted stock units will vest in three substantially equal annual installments beginning on March 10, 2026, 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 $60.00, 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 $75.00, 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 $90.00, 1/3 of the performance vested restricted stock units, (Continued from F5) 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; provided, however, that the performance vested restricted stock units tied to achievement of price hurdle (1) shall be forfeited if they do not become vested by the third anniversary of the Award Date.
FAQ
What did LendingTree (TREE) CEO Peyree Scott report in this Form 4?
Peyree Scott reported exercising equity awards into 12,499 LendingTree common shares and using shares to cover taxes. The activity reflects equity compensation mechanics, not open-market buying or selling, and updates Scott’s direct and indirect shareholdings in the company.
What types of equity awards are involved in the LendingTree (TREE) CEO’s Form 4?
The filing involves restricted stock units and performance-vested restricted stock units. Footnotes state both convert into common stock on a one-for-one basis, with the performance-vested units tied to specified stock price hurdles over a defined multi-year performance period.
Are any of the LendingTree CEO’s reported holdings indirect or held through trusts?
Yes. The Form 4 lists indirect common stock holdings through a revocable trust and grantor retained annuity trusts. A footnote explains Scott’s spouse is sole beneficiary of one grantor retained annuity trust and that Scott disclaims beneficial ownership of those particular shares.