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 | +43.7K | $0.00 | 43.7K | Oct 28, 2024 | Common Stock, par value $0.01 per share | 43.7K | Direct | F1, F2, F3 | ||
transaction | SLQT | Price-Vested Restricted Stock Units | Award | $0 | +43.7K | $0.00 | 43.7K | Oct 28, 2024 | Common Stock, par value $0.01 per share | 43.7K | 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. |
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 August 1, 2025, 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 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. |