leadership
confidence high
sentiment neutral
materiality 0.35
LendingTree CHRO Jill Olmstead to depart; severance and consulting agreement through March 2027
LendingTree, Inc.
- Jill Olmstead to leave CHRO role effective May 31, 2026; employment terminated without cause.
- Severance: 1.0x base salary paid over 12 months, accelerated vesting of equity awards vesting within 12 months, COBRA reimbursement for 12 months.
- Consulting agreement from June 1, 2026 to Mar 31, 2027 at $10,000/month for up to 80 hours/month.
- Consulting service period treated as continuous for 'Retirement' eligibility under 2023 Stock Plan; unvested awards to continue vesting after consulting.
item 5.02