SelectQuote, Inc. (SLQT) CEO granted 600,000 RSUs and 600,000 PVUs
Rhea-AI Filing Summary
SelectQuote, Inc. CEO Timothy Robert Danker reported multiple equity transactions dated August 1, 2026. He received grants of 600,000 Restricted Stock Units and 600,000 Price-Vested Restricted Stock Units, each representing a contingent right to one common share and vesting in three annual installments.
Existing RSUs and price-vested units covering 630,394 shares were exercised or converted into common stock at $0.00 per share, and 279,583 shares at $0.747 per share were surrendered to the issuer to satisfy withholding taxes. After these transactions, 9,398 shares are reported as held indirectly through a Mainstar Trust IRA. The filing does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 350,811 shares
Net Buy
14 txns
Insider
Danker Timothy Robert
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 266,668 | -- | -- |
| Exercise | Restricted Stock Units F2, F3, F5 | 127,795 | -- | -- |
| Exercise | Restricted Stock Units F2, F3, F6 | 160,000 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F7, F8, F9 | 33,333 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F7, F8, F10 | 42,598 | -- | -- |
| Grant/Award | Restricted Stock Units F2, F3, F6 | 600,000 | -- | -- |
| Grant/Award | Price-Vested Restricted Stock Units F7, F8, F11 | 600,000 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 266,668 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 127,795 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 160,000 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 33,333 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 42,598 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 279,583 | $0.747 | $209K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,047,797 shares (Direct);
Price-Vested Restricted Stock Units — 1,198,190 shares (Direct);
Common Stock, par value $0.01 per share — 2,975,405 shares (Direct);
Common Stock, par value $0.01 per share — 9,398 shares (Indirect, By Mainstar Trust IRA)
Footnotes (11)
- 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. Represents restricted stock units granted to the recipient pursuant to the Plan.
- F3. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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
New RSU grant: 600,000 units
New PVU grant: 600,000 units
Derivative shares exercised: 630,394 shares
+3 more
6 metrics
New RSU grant
600,000 units
Restricted Stock Units granted on August 1, 2026, vesting in three annual installments
New PVU grant
600,000 units
Price-Vested Restricted Stock Units granted on August 1, 2026 with $2.00, $3.00, $4.00 price hurdles
Derivative shares exercised
630,394 shares
Total underlying shares from derivative exercises/conversions (code M) in transaction summary
Tax-withholding shares
279,583 shares
Common shares surrendered to issuer to satisfy withholding taxes on vested RSUs
Tax-withholding price
$0.747 per share
Per-share value for shares delivered to cover tax liability (code F transaction)
Indirect common shares
9,398 shares
Common stock held indirectly by Mainstar Trust IRA after reported transactions
Key Terms
Restricted Stock Units, Price-Vested Restricted Stock Units, withholding taxes, 60-day average closing price, +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."
withholding taxes financial
"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.
60-day average closing price financial
"upon the 60-day average closing price of the Company's common stock exceeding each price"
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 SelectQuote (SLQT) CEO Timothy Danker report on August 1, 2026?
He reported exercises of existing RSUs and price-vested units into common stock, new grants of 600,000 RSUs and 600,000 PVUs, and a tax-withholding disposition of 279,583 shares, all under SelectQuote's 2020 Omnibus Incentive Plan on August 1, 2026.
How many new equity awards did SelectQuote (SLQT) grant its CEO in this Form 4 filing?
Timothy Danker received 600,000 Restricted Stock Units and 600,000 Price-Vested Restricted Stock Units. Each unit represents a contingent right to one share of SelectQuote common stock, subject to specified vesting conditions over three years from the August 1, 2026 grant date.
What were the tax-withholding details for SelectQuote (SLQT) CEO Timothy Danker?
To cover withholding taxes on vested RSUs, 279,583 common shares were surrendered to SelectQuote at $0.747 per share. Footnote F1 explains these shares were delivered to satisfy tax obligations arising from prior restricted stock unit grants under the company’s incentive plan.
How do the new Price-Vested Restricted Stock Units for SelectQuote (SLQT) CEO vest?
The new 600,000 PVUs vest in three annual installments starting one year after grant. Per footnote F11, one-third can vest if the 60-day average closing price exceeds $2.00, $3.00, and $4.00, respectively, during a five-year performance period, subject to continued employment.
What indirect holdings of SelectQuote (SLQT) stock does CEO Timothy Danker report after these transactions?
The filing shows 9,398 common shares held indirectly "By Mainstar Trust IRA." This entry is reported as an indirect ownership position, separate from directly held shares acquired through RSU and PVU exercises and grants reported on August 1, 2026.