Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SLQT | Restricted Stock Units | Award | $0 | +48.7K | $0.00 | 48.7K | Aug 1, 2022 | Common Stock, par value $0.01 per share | 48.7K | Direct | F1, F2, F3 | ||
transaction | SLQT | Price-Vested Restricted Stock Units | Award | $0 | +118K | $0.00 | 118K | Aug 1, 2022 | Common Stock, par value $0.01 per share | 118K | Direct | F4, F5, F6 |
Id | Content |
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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 | Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan. |
F5 | 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. |
F6 | 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 reaching each of $4.00, $7.50, $10.00, and $12.50 during the five-year performance period. |
Interim Chief Financial Officer; Senior Vice President of Financial Planning & Analysis