Peyree Scott 4
4 · LendingTree, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
LendingTree (TREE) CEO Peyree Scott Receives RSU Awards
What Happened
Peyree Scott, CEO of LendingTree, received two awards on March 5, 2026: 30,000 time‑based restricted stock units (RSUs) and 45,300 performance‑based RSUs (total 75,300 RSUs). Per the Form 4, these are derivative awards reported at $0 acquisition price (transaction code A), meaning no cash was paid by the insider at grant. The time‑based RSUs convert one‑for‑one into common shares; the performance RSUs convert one‑for‑one if specified price hurdles are met within the performance period.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (filed timely).
- Grants: 30,000 RSUs (time‑based) and 45,300 RSUs (performance‑based); reported price $0 (award).
- Vesting: Time RSUs vest in three substantially equal annual installments beginning March 5, 2027. Performance RSUs vest based on stock‑price hurdles over a four‑year period: 1/3 vests at $69.15, 1/3 at $83.85, 1/3 at $98.55; each 1/3 splits into two halves that vest on the later of the price achievement or one‑year anniversary and then the first anniversary after achievement. A 90‑trading‑day average closing price test applies; unvested performance RSUs lapse after four years. (See footnotes F1–F5.)
- Shares owned after transaction: Not disclosed in the supplied filing.
- Filing timeliness: Report appears timely (transaction 3/5/2026; Form 4 filed 3/6/2026).
Context
These are award grants (not open‑market purchases or sales). Time‑based RSUs simply become shares as they vest; performance RSUs only convert if specified stock price conditions are met. Awards are a common form of executive compensation designed to align pay with long‑term performance; they do not involve an immediate cash outlay by the insider and are not, by themselves, a direct market buy/sell signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-05+30,000→ 30,000 total→ Common Stock (30,000 underlying) - Award
Performance Vested Restricted Stock Units
[F3][F4][F5]2026-03-05+45,300→ 45,300 total→ Common Stock (45,300 underlying)
Footnotes (5)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]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.
- [F3]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 $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,
- [F5](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.