Form 4: SelectQuote's Chief Accounting Officer, Stephanie D. Fisher, Receives Stock Grants

Stephanie D. Fisher, Chief Accounting Officer of SelectQuote, Inc., reports the acquisition of restricted stock units and price-vested restricted stock units.

Summary

• Stephanie D. Fisher, the Chief Accounting Officer of SelectQuote, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On October 28, 2024, Fisher was granted 28,556 restricted stock units (RSUs) and 28,556 price-vested restricted stock units (PVUs) under the company's 2020 Omnibus Incentive Plan.
• The RSUs vest ratably in three annual installments starting August 1, 2025, contingent upon continued employment.
• The PVUs also vest ratably from August 1, 2025, with vesting dependent on SelectQuote's common stock reaching average closing prices of $3.13, $6.00, and $9.00 during a five-year performance period.
• Daniel A. Boulware, Attorney-in-Fact, signed the report on October 30, 2024.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a positive alignment of interests between management and shareholders. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs and PVUs aligns the executive's interests with the company's performance and shareholder value.
• The vesting schedule encourages long-term commitment from the Chief Accounting Officer.

Risks

• The vesting of PVUs is contingent on the company's stock price reaching certain targets, which may not be achieved.
• The value of the RSUs and PVUs is subject to market fluctuations.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of equity awards is tied to the company's future performance and stock price.

Industry Context

Equity compensation is a common practice in the industry to incentivize executives and align their interests with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units and price-vested units is a standard practice among publicly traded companies to incentivize executives.
• Companies like eHealth and GoHealth also utilize similar equity compensation plans for their executives.
• The specific vesting terms and performance targets vary depending on the company's size, industry, and strategic goals.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see the grants as a sign of confidence in the company's future.

Key Dates