SelectQuote president (NYSE: SLQT) exercises RSUs and gains new PVU grants
Rhea-AI Filing Summary
SelectQuote, Inc. president Robert Clay Grant reported several equity transactions on August 1, 2026. He exercised previously granted restricted stock and price-vested units into 610,794 shares of common stock, received new awards of 575,000 RSUs and 575,000 price-vested units (PVUs), and had 195,438 shares withheld to satisfy tax obligations related to vesting. Indirect holdings are reported through Haakon Capital, LLC and multiple family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 415,356 shares
Net Buy
18 txns
Insider
Grant Robert Clay
Role
PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5, F6 | 255,557 | -- | -- |
| Exercise | Restricted Stock Units F4, F5, F7 | 122,470 | -- | -- |
| Exercise | Restricted Stock Units F4, F5, F8 | 160,000 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F9, F10, F11 | 31,944 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F9, F10, F12 | 40,823 | -- | -- |
| Grant/Award | Restricted Stock Units F4, F5, F8 | 575,000 | -- | -- |
| Grant/Award | Price-Vested Restricted Stock Units F9, F10, F13 | 575,000 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 255,557 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 122,470 | $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 | 31,944 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 40,823 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 195,438 | $0.747 | $146K |
| 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 F3 | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share F3 | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 997,472 shares (Direct);
Price-Vested Restricted Stock Units — 1,148,265 shares (Direct);
Common Stock, par value $0.01 per share — 3,306,690 shares (Direct);
Common Stock, par value $0.01 per share — 1,242,000 shares (Indirect, By Self as Trustee for the Robert Clay Grant 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 — 101,421 shares (Indirect, By R. Grant Irrevocable Trust);
Common Stock, par value $0.01 per share — 100,914 shares (Indirect, By G. Grant Irrevocable Trust);
Common Stock, par value $0.01 per share — 100,766 shares (Indirect, By A. Grant Irrevocable Trust)
Footnotes (13)
- 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 has 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. Shares held indirectly by Mr. Grant in his capacity as Trustee of a trust for the benefit of one of his minor children.
- F4. Represents restricted stock units granted to the recipient pursuant to the Plan.
- F5. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
- F10. 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.
- F11. 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.
- F12. 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.
- F13. 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 shares exercised: 610,794 shares
New RSU grant: 575,000 units
New PVU grant: 575,000 units
+4 more
7 metrics
Derivative shares exercised
610,794 shares
Total RSU and PVU shares converted to common stock on August 1, 2026
New RSU grant
575,000 units
Restricted stock units granted under the 2020 Omnibus Incentive Plan, expiring 2036-08-01
New PVU grant
575,000 units
Price-vested restricted stock units granted under the Plan, expiring 2031-08-01
Shares withheld for taxes
195,438 shares
Shares surrendered at $0.747 per share to satisfy withholding taxes on RSU vesting
Tax withholding price
$0.747 per share
Per-share value used for shares delivered to cover tax liability
Haakon Capital indirect holdings
1,089,369 shares
Beneficially owned through Haakon Capital, LLC; Mr. Grant disclaims beyond pecuniary interest
Trust holdings as trustee
1,242,000 shares
Indirectly held by self as trustee for the Robert Clay Grant Irrevocable Trust
Key Terms
Price-Vested Restricted Stock Units, 2020 Omnibus Incentive Plan, withholding taxes, 60-day average closing price
4 terms
Price-Vested Restricted Stock Units financial
"Represents price-vested restricted stock units of the Company ("PVUs") granted"
2020 Omnibus Incentive Plan financial
"previously granted to the recipient pursuant to the 2020 Omnibus Incentive Plan"
withholding taxes financial
"shares surrendered to the issuer to satisfy withholding taxes owed upon 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity transactions did SelectQuote (SLQT) president Robert Clay Grant report?
Robert Clay Grant reported exercising RSUs and PVUs into 610,794 common shares, receiving 575,000 new RSUs and 575,000 new PVUs, and having 195,438 shares withheld to cover taxes on August 1, 2026. Several indirect holdings through trusts and an LLC were also disclosed.
What new restricted stock and PVU awards did Robert Clay Grant receive from SelectQuote (SLQT)?
On August 1, 2026, he received 575,000 restricted stock units (RSUs) and 575,000 price-vested restricted stock units (PVUs) under SelectQuote’s 2020 Omnibus Incentive Plan. These awards generally vest ratably over three years, subject to continued employment and, for PVUs, specified stock-price performance hurdles.
What indirect SelectQuote (SLQT) holdings does Robert Clay Grant report?
He reports indirect ownership of 1,089,369 shares through Haakon Capital, LLC, where he has a one-third stake and disclaims beneficial ownership beyond his pecuniary interest. Additional blocks of 1242,000+ shares are held via trusts for himself and his minor children as trustee.
How do SelectQuote (SLQT) price-vested restricted stock units (PVUs) work for Robert Clay Grant?
Each PVU represents a contingent right to one SelectQuote share. PVUs may vest if the 60-day average closing price exceeds preset thresholds (ranging from $2.00 up to $10.00) during a five-year performance period, subject to separate time-based vesting and continued employment.