LendingTree Executive Shumate Made $1.3 Million Exercising Options

4/23/17

By Stephanie Lamm, NC BIZ News

LendingTree Inc.’s Chief Accounting Officer Carla Shumate profited $1.3 million from exercising options, according to a filing with the Securities and Exchange Commission on Friday.

Shumate sold 10,500 shares of stock originally obtained for an exercise price of $26.59 for the price of $125. The sale earned Shumate $1,312,500.

Shumate now owns 2,427 shares valued at $1,033,305.

Earlier this year, Shumate sold 2,500 shares of LendingTree stock at an average price of $125 on Feb. 23, profiting $312,500.

LendingTree will report first quarter earnings on April 27.

The company’s fourth quarter 2016 earnings reported record revenue of $100.8 million, up 29 percent over the same quarter in 2015.

Charlotte-based LendingTree is an online loan marketplace providing consumers with a way to connect with multiple lenders.

LendingTree shares were up 1.56 percent, or $1.95, to $127.15 on Friday.

The filing can be found here.

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