SelectQuote (SLQT) president gets 350,000 new stock unit awards
Rhea-AI Filing Summary
SelectQuote, Inc. reports that Joshua Brandon Matthews, President of SelectQuote Senior, converted 150,932 restricted and price‑vested stock units into common shares at $0.0000 per share on August 1, 2026. He also received grants of 175,000 restricted stock units and 175,000 price‑vested units, each share‑for‑share with common stock and subject to multi‑year service and stock‑price vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 150,932 shares
Net Buy
12 txns
Insider
Matthews Joshua Brandon
Role
President, SelectQuote Senior
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 57,779 | -- | -- |
| Exercise | Restricted Stock Units F1, F2, F4 | 31,949 | -- | -- |
| Exercise | Restricted Stock Units F1, F2, F3 | 43,333 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F5, F6, F7 | 7,222 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F5, F6, F8 | 10,649 | -- | -- |
| Grant/Award | Restricted Stock Units F1, F2, F3 | 175,000 | -- | -- |
| Grant/Award | Price-Vested Restricted Stock Units F5, F6, F9 | 175,000 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 57,779 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 31,949 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 43,333 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 7,222 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 10,649 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 293,616 shares (Direct);
Price-Vested Restricted Stock Units — 314,548 shares (Direct);
Common Stock, par value $0.01 per share — 776,876 shares (Direct)
Footnotes (9)
- F1. Represents restricted stock units of SelectQuote, Inc. (the "Company") granted to the recipient pursuant to the Company's 2020 Omnibus Incentive Plan (the "Plan").
- F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
- F3. The restricted stock units vest ratably in three annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date.
- F4. The restricted stock units vest ratably in three annual installments commencing on August 1, 2025, subject to the recipient's continued employment with the Company through the applicable vesting date.
- F5. Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
- F6. Each PVU represents the contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon the Company's common stock reaching certain predetermined average trading prices, subject to applicable vesting conditions.
- F7. The PVUs are eligible to vest in three ratable annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-fourth of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $2.50, $5.00, $7.50, and $10.00 during the five-year performance period.
- F8. The PVUs are eligible to vest in three ratable annual installments commencing on August 1, 2025, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-third of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $3.13, $6.00, and $9.00 during the five-year performance period.
- F9. The PVUs are eligible to vest in three ratable annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-third of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $2.00, $3.00, and $4.00 during the five-year performance period.
Key Figures
Derivative exercises: 150,932 shares
RSU grant: 175,000 units
PVU grant: 175,000 units
+3 more
6 metrics
Derivative exercises
150,932 shares
Restricted and price‑vested units converted into common stock on August 1, 2026
RSU grant
175,000 units
Restricted stock units granted under the 2020 Omnibus Incentive Plan, expiring 2036-08-01
PVU grant
175,000 units
Price‑vested restricted stock units granted, expiring 2031-08-01
PVU price hurdles (set 1)
$2.50, $5.00, $7.50, $10.00
60‑day average closing price triggers during a five‑year performance period
PVU price hurdles (set 2)
$3.13, $6.00, $9.00
Alternative 60‑day average closing price triggers during a five‑year performance period
PVU price hurdles (set 3)
$2.00, $3.00, $4.00
Additional 60‑day average closing price triggers during a five‑year performance period
Key Terms
restricted stock units, price-vested restricted stock units, 2020 Omnibus Incentive Plan, 60-day average closing price, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units of SelectQuote, Inc. granted pursuant to the Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
price-vested restricted stock units financial
"Represents price-vested restricted stock units of the Company ("PVUs") granted."
2020 Omnibus Incentive Plan financial
"granted to the recipient pursuant to the Company's 2020 Omnibus Incentive Plan."
60-day average closing price financial
"upon the 60-day average closing price of the Company's common stock exceeding levels."
performance period financial
"during the five-year performance period."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did SLQT executive Joshua Brandon Matthews report on August 1, 2026?
Joshua Brandon Matthews reported converting 150,932 restricted and price‑vested stock units into common shares and receiving 350,000 new stock unit awards. These consist of 175,000 restricted stock units and 175,000 price‑vested units, all tied one‑for‑one to SelectQuote common stock.
How many restricted stock units were granted to the SelectQuote (SLQT) president in this Form 4?
He received a grant of 175,000 restricted stock units, each representing one share of common stock. These units are issued under SelectQuote’s 2020 Omnibus Incentive Plan and vest in three annual installments, subject to his continued employment through each vesting date.
What are the vesting terms of Joshua Brandon Matthews’ new RSUs at SelectQuote (SLQT)?
The restricted stock units vest in three equal annual installments beginning on the one‑year anniversary of the grant date. Vesting requires Matthews to remain employed with SelectQuote through each applicable vesting date, aligning the award with multi‑year service retention.
What stock price conditions apply to the price‑vested units granted to the SLQT executive?
The price‑vested units vest only if SelectQuote’s 60‑day average closing price exceeds specified levels, including $2.50, $5.00, $7.50, $10.00 or $3.13, $6.00, $9.00 or $2.00, $3.00, $4.00, during a five‑year performance period and subject to service‑based vesting.