SelectQuote (SLQT) grants RSUs and PVUs to general counsel
Rhea-AI Filing Summary
SelectQuote general counsel Daniel Allen Boulware reported multiple equity compensation transactions. On August 1, 2026 he exercised restricted and price-vested stock units into 217014 shares of common stock at $0.00 per share, with 91909 shares withheld at $0.747 for taxes. He also received grants of 218750 restricted stock units and 218750 price-vested units that vest over time and depend on stock-price performance targets, and holds 1100 shares indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 125,105 shares
Net Buy
14 txns
Insider
Boulware Daniel Allen
Role
GENERAL COUNSEL AND SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 88,889 | -- | -- |
| Exercise | Restricted Stock Units F2, F3, F5 | 45,261 | -- | -- |
| Exercise | Restricted Stock Units F2, F3, F6 | 56,666 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F7, F8, F9 | 11,111 | -- | -- |
| Exercise | Price-Vested Restricted Stock Units F7, F8, F10 | 15,087 | -- | -- |
| Grant/Award | Restricted Stock Units F2, F3, F6 | 218,750 | -- | -- |
| Grant/Award | Price-Vested Restricted Stock Units F7, F8, F11 | 218,750 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 88,889 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 45,261 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 56,666 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 11,111 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 15,087 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 91,909 | $0.747 | $69K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 377,345 shares (Direct);
Price-Vested Restricted Stock Units — 424,359 shares (Direct);
Common Stock, par value $0.01 per share — 414,777 shares (Direct);
Common Stock, par value $0.01 per share — 1,100 shares (Indirect, By spouse)
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
Common shares from unit exercises: 217014 shares
Tax-withholding shares: 91909 shares
Tax-withholding price: $0.747 per share
+4 more
7 metrics
Common shares from unit exercises
217014 shares
Shares of common stock received from exercises of restricted and price-vested stock units on August 1, 2026
Tax-withholding shares
91909 shares
Common shares surrendered to the issuer at vesting to satisfy withholding taxes
Tax-withholding price
$0.747 per share
Price used for shares delivered to cover tax liability on August 1, 2026
New RSU grant
218750 units
Restricted stock units granted under the 2020 Omnibus Incentive Plan, vesting over three years
New PVU grant
218750 units
Price-vested restricted stock units granted, vesting based on time and stock-price performance targets
Indirect spouse holding
1100 shares
Common shares of SelectQuote held indirectly through Boulware’s spouse after reported transactions
Exercise price for common stock
$0.00 per share
Per-share price on common stock acquired via unit exercises reported as code M
Key Terms
Restricted Stock Units, Price-Vested Restricted Stock Units, 2020 Omnibus Incentive Plan, PVUs
4 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 granted to the recipient."
2020 Omnibus Incentive Plan financial
"Pursuant to the 2020 Omnibus Incentive Plan of SelectQuote, Inc."
PVUs financial
"Each PVU represents the contingent right to receive one share of common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did SelectQuote (SLQT) general counsel Daniel Allen Boulware report?
Daniel Allen Boulware reported equity compensation activity involving restricted stock units and price-vested units. On August 1, 2026 he exercised units into common stock, had shares withheld to cover taxes, and received new long-term equity awards tied to time- and price-based vesting.
How many SelectQuote (SLQT) units did Boulware convert into common stock?
Boulware exercised restricted and price-vested stock units into 217014 shares of SelectQuote common stock. These shares came from multiple RSU and PVU awards, all converting at $0.00 per share, reflecting the equity compensation structure rather than an open-market purchase.
What new restricted stock unit awards did SelectQuote (SLQT) grant to Boulware?
He received a grant of 218750 restricted stock units and a separate grant of 218750 price-vested units. The RSUs vest in three annual installments starting one year after grant, conditioned on continued employment, while the PVUs also require specified stock-price hurdles to be met.
How are Boulware’s SelectQuote (SLQT) price-vested restricted stock units structured?
Each PVU is a contingent right to one share of common stock if trading-price targets are achieved. For one grant, one-third vests upon 60-day average prices exceeding $2.00, $3.00, and $4.00 within a five-year performance period, subject to continued employment and annual vesting conditions.
What indirect SelectQuote (SLQT) holdings were disclosed for Boulware?
The filing discloses 1100 shares of SelectQuote common stock held indirectly through Boulware’s spouse. This entry reflects reported ownership as of August 1, 2026 and is categorized as indirect beneficial ownership rather than a new purchase or sale transaction.