SelectQuote COO receives 1M RSU and PVU awards
SelectQuote, Inc. chief operating officer William Thomas Grant III reported multiple equity transactions on August 1, 2026.
Rhea-AI Filing Summary
SelectQuote, Inc. chief operating officer William Thomas Grant III reported multiple equity transactions on August 1, 2026. He exercised previously granted RSUs and price-vested RSUs into 525,328 shares of common stock and had 174,642 shares withheld at $0.747 per share for taxes. He also received new grants of 500,000 restricted stock units and 500,000 price-vested restricted stock units (PVUs) with multi-year service and stock-price hurdles, and reported indirect holdings through a trust, Haakon Capital, LLC, and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
525,328 shares exercised/converted
Exercise
16 txns
Insider
Grant William Thomas III
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 222,223 | -- | -- |
| Exercise | Restricted Stock Units F3, F4, F6 | 106,496 | -- | -- |
| Exercise | Restricted Stock Units F3, F4, F7 | 133,333 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F8, F9, F10 | 27,777 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F8, F9, F11 | 35,499 | -- | -- |
| Grant/Award | Restricted Stock Units F3, F4, F7 | 500,000 | -- | -- |
| Grant/Award | Price-Vested Restricted Stock Units F8, F9, F12 | 500,000 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 222,223 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 106,496 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 133,333 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 27,777 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 35,499 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 174,642 | $0.747 | $130K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share F2 | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 873,164 contracts (Direct);
Price-Vested Restricted Stock Units — 998,491 contracts (Direct);
Common Stock, par value $0.01 per share — 3,388,494 shares (Direct);
Common Stock, par value $0.01 per share — 1,150,000 shares (Indirect, By Self as Trustee for the William Thomas Grant III Irrevocable Trust);
Common Stock, par value $0.01 per share — 1,089,369 shares (Indirect, By Haakon Capital, LLC);
Common Stock, par value $0.01 per share — 10,681 shares (Indirect, By Mainstar Trust IRA)
Footnotes (12)
- F1. Represents shares surrendered to the issuer to satisfy withholding taxes owed upon the vesting of restricted stock units previously granted to the recipient pursuant to the 2020 Omnibus Incentive Plan (the "Plan") of SelectQuote, Inc. (the "Company").
- F2. Beneficially owned by Mr. Grant through Haakon Capital, LLC, an investment company in which he owns a one-third ownership stake. Mr. Grant disclaims beneficial ownership of the shares held by Haakon Capital, LLC, except to the extent of his pecuniary interest therein.
- F3. Represents restricted stock units granted to the recipient pursuant to the Plan.
- F4. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
- F5. The restricted stock units vest ratably in three annual installments commencing on August 1, 2024, subject to the recipient's continued employment with the Company through the applicable vesting date.
- F6. 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.
- F7. 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.
- F8. Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
- F9. 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.
- F10. The PVUs are eligible to vest in three ratable annual installments commencing on August 1, 2024, 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.
- F11. 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.
- F12. 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
Shares from RSU/PVU exercises: 525,328 shares
Shares withheld for taxes: 174,642 shares at $0.747 per share
New RSU grant: 500,000 units
+4 more
7 metrics
Shares from RSU/PVU exercises
525,328 shares
Common shares acquired upon exercise/conversion of RSUs and PVUs on August 1, 2026
Shares withheld for taxes
174,642 shares at $0.747 per share
Common shares surrendered to satisfy withholding taxes on vesting RSUs
New RSU grant
500,000 units
Restricted stock units granted under the 2020 Omnibus Incentive Plan, expiring 2036-08-01
New PVU grant
500,000 units
Price-vested restricted stock units with stock-price performance hurdles, expiring 2031-08-01
Indirect trust holdings
1,150,000 shares
Common stock held indirectly by self as trustee for the William Thomas Grant III Irrevocable Trust
Holdings via Haakon Capital, LLC
1,089,369 shares
Indirectly beneficially owned; reporting person owns one-third stake and disclaims excess beneficial ownership
Holdings via Mainstar Trust IRA
10,681 shares
Indirect common stock holdings through a Mainstar Trust IRA
Key Terms
Restricted Stock Units, Price-Vested Restricted Stock Units, PVUs, withholding taxes, +1 more
5 terms
Restricted Stock Units financial
"Represents restricted stock units granted to the recipient 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 to the recipient"
PVUs financial
"Each PVU represents the contingent right to receive one share of the Company's common stock"
withholding taxes financial
"Represents shares surrendered to the issuer to satisfy withholding taxes owed upon the vesting"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
pecuniary interest financial
"Mr. Grant disclaims beneficial ownership of the shares held by Haakon Capital, LLC, except to the extent of his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did SLQT's COO report on August 1, 2026?
SelectQuote (SLQT) COO William Thomas Grant III exercised RSUs and PVUs into 525,328 common shares and had 174,642 shares withheld at $0.747 per share for taxes. The filing also shows updated indirect holdings and new equity awards.
How many new equity awards did SelectQuote (SLQT) grant to its COO?
The COO received grants of 500,000 restricted stock units (RSUs) and 500,000 price-vested restricted stock units (PVUs). These awards vest in ratable annual installments, subject to continued employment and, for PVUs, specified stock-price performance hurdles over a multi-year period.
What are price-vested restricted stock units (PVUs) in the SLQT Form 4?
PVUs are awards where each unit is a contingent right to receive one SLQT share if stock-price and vesting conditions are met. Vesting depends on continued employment and the 60-day average closing price exceeding preset targets ranging from $2.00 to $10.00 during a five-year performance period.
What indirect holdings of SelectQuote (SLQT) stock does the COO report?
The COO reports indirect ownership of 1,150,000 shares via an irrevocable trust, 1,089,369 shares via Haakon Capital, LLC, and 10,681 shares via a Mainstar Trust IRA. For Haakon Capital, he disclaims beneficial ownership beyond his one-third pecuniary interest.
What vesting terms apply to the new RSU and PVU awards reported by SLQT's COO?
The new RSUs vest in three equal annual installments starting on the one-year anniversary of grant, subject to continued employment. The new PVUs also vest ratably, but only if 60-day average stock prices exceed specified targets of $2.00, $3.00, and $4.00.
AI-generated analysis. How Rhea-AI works. Not financial advice.
