Form 4: LendingTree COO Scott Peyree Executes Stock Option, Disposes of Shares for Tax Purposes

LendingTree's Chief Operating Officer, Scott Peyree, exercised performance-vested restricted stock units and disposed of shares to cover tax obligations.

Summary

• On May 16, 2025, Scott Peyree, the Chief Operating Officer of LendingTree, Inc., exercised 4,000 performance-vested restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
• Following the exercise, Peyree disposed of 1,598 shares of common stock at a price of $37.62 per share to satisfy tax obligations.
• After these transactions, Peyree directly owns 99,968 shares of LendingTree common stock.
• Peyree also indirectly owns 9,622 shares through a revocable trust and 3,378 shares through grantor retained annuity trusts.
• The performance-vested RSUs vest upon LendingTree achieving specific price hurdles over a four-year period.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting routine transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. This filing indicates routine transactions related to stock-based compensation.

Comparison to Industry Standards

• Stock option exercises and subsequent sales for tax purposes are common among executives in publicly traded companies.
• The vesting schedule tied to price hurdles is a fairly standard incentive mechanism to align executive compensation with company performance, similar to practices at companies like Zillow or Redfin.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares relative to the total outstanding.

Key Dates

Keywords

LendingTree, Scott Peyree, Form 4, Stock Options, Restricted Stock Units, Beneficial Ownership, Insider Trading