Posted: 02/04/2025 03:47 am
SelectQuote Inc., a prominent player in the insurance brokerage and services sector, has seen various shifts in its executive compensation over recent years. As the company prepares to release its fiscal second-quarter 2025 earnings, a close examination of its compensation trends offers insights into its operational ethos and response to market dynamics.
In 2024, Robert Grant, the President of SelectQuote, received a total compensation package of $2,426,642. This included a base salary of $463,500, supplemented significantly by stock awards valued at $1,374,251 and incentive plan compensation totaling $577,318^1. Such a compensation structure underscores the emphasis SelectQuote places on aligning executive remuneration with company performance metrics, particularly through equity-based incentives.
The previous year, Timothy R. Danker, then CEO, was awarded $2,649,627. While his base salary stood at $525,000, akin to Grant's, the stock awards were even more substantial at $1,573,042^2. This substantial reliance on stock awards highlights the company's strategy of linking executive compensation to shareholder interests, ensuring that leadership focuses on maximizing shareholder value.
In comparison, the interim Chief Financial Officer in 2022, Ryan M. Clement, had a markedly lower total package worth $327,756, where base salary was a relatively minor component at $111,534^3. Such a reduction could reflect his interim status and the different expectations tied to that role. However, Clement's compensation structure, inclusive of stock and option awards, indicates the company's broader practice of utilizing equity-linked incentives across varying leadership roles.
When placed against the backdrop of 2020 financial details, particularly with Tim Danker’s compensation at the time, a stark contrast can be observed. Danker’s compensation was notably high at $4,314,440, largely inflated by other compensation elements totaling $3,850,731. This period likely reflected a unique structural adjustment or sign-on bonus associated with his role^5.
Amid these compensation shifts, SelectQuote's market presence remains robust, albeit with challenges reflected in its share price movements. Currently trading at $4.10, with a close examination showing recent fluctuations^6, the company continues its trajectory in an increasingly competitive market. The planned earnings release on February 10, 2025, coupled with the upcoming conference call led by key executives, will be pivotal in providing further details on financial performance and future strategic directions^4.
As SelectQuote navigates the market, the alignment of its executive compensation strategies with its business objectives will remain essential for sustaining growth and preserving competitive advantage. The emphasis on performance-based awards suggests a continued focus on achieving long-term value for shareholders.
:
1. [SEC Filing for Robert Grant, 2024](https://www.sec.gov/Archives/edgar/data/1794783/000179478324000065/0001794783-24-000065-index.htm)
2. [SEC Filing for Timothy R. Danker, 2023](https://www.sec.gov/Archives/edgar/data/1794783/000179478323000130/0001794783-23-000130-index.htm)
3. [SEC Filing for Ryan M. Clement, 2022](https://www.sec.gov/Archives/edgar/data/1794783/000179478322000073/0001794783-22-000073-index.htm)
4. [SelectQuote Press Release, 2025](https://www.businesswire.com/news/home/20250203005800/en/SELECTQUOTE-TO-RELEASE-FISCAL-SECOND-QUARTER-2025-EARNINGS-ON-FEBRUARY-10)
5. [SEC Filing for Tim Danker, 2020](https://www.sec.gov/Archives/edgar/data/1794783/000179478320000019/0001794783-20-000019-index.htm)
6. [Stock Market Data for SelectQuote](https://www.nyse.com/quote/XNYS:SLQT)
