Form 4: LendingTree COO Scott Peyree Exercises Stock Options, 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 on May 16, 2024.

Summary

• On May 16, 2024, 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 1,133 shares of common stock at a price of $46.01 to satisfy tax obligations.
• After these transactions, Peyree directly owns 31,858 shares of LendingTree common stock.
• Peyree also indirectly owns 9,622 shares through a revocable trust and 1,689 shares through a grantor retained annuity trust, with his spouse as the sole beneficiary of the latter.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions related to stock options and tax obligations, without indicating any positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal management of stock-based compensation.

Key Dates