leadership
confidence high
sentiment neutral
materiality 0.40
LendingTree CEO Lebda gets stock election option for compensation; Good Reason redefined
LendingTree, Inc.
- On Feb 16, 2024, Compensation Committee approved amendment to CEO Douglas R. Lebda's employment agreement.
- Lebda may elect, at his discretion, to receive all or part of base salary and annual bonus in LendingTree common stock.
- Stock purchase price equals Market Value under Nasdaq Rule 5635(c)(2) at time of payment.
- Good Reason definition amended: not a material adverse change if Lebda is no longer CEO but remains Chairman.
- No other changes to Lebda's compensation or employment agreement.