4//SEC Filing
Peyree Scott 4
Accession 0001683168-25-001501
CIK 0001434621other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 4:31 PM ET
Size
16.6 KB
Accession
0001683168-25-001501
Insider Transaction Report
Form 4
Peyree Scott
CEO & President
Transactions
- Purchase
Common Stock
2025-03-10$42.36/sh+3,122$132,248→ 55,715 total - Award
Performance Vested Restricted Stock Units
2025-03-10+30,000→ 30,000 total→ Common Stock (30,000 underlying) - Award
Restricted Stock Units
2025-03-10+22,500→ 22,500 total→ Common Stock (22,500 underlying) - Purchase
Common Stock
2025-03-10$41.80/sh+2,027$84,729→ 52,593 total
Holdings
- 1,689(indirect: By Trust)
Common Stock
- 9,622(indirect: By Trust)
Common Stock
- 1,689(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. The reported securities were purchased in multiple transactions at prices ranging from $41.46 to $42.46. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.
- [F2]The price reported in Column 4 is a weighted average price. The reported securities were purchased in multiple transactions at prices ranging from $42.48 to $43.04. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.
- [F3]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.
- [F4]Restricted stock units convert into common stock on a one-for-one basis.
- [F5]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..
- [F6]Performance vested restricted stock units convert into common stock on a one-for-one basis.
- [F7]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,
- [F8](Continued from F7) 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.
Documents
Issuer
LendingTree, Inc.
CIK 0001434621
Entity typeother
Related Parties
1- filerCIK 0001861876
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 4:31 PM ET
- Size
- 16.6 KB