QVC Group, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of number and weighted average GDFV of awards granted


	For the Years ended December 31,
	2024			2023			2022
	Awards Granted (000's)	Weighted Average GDFV		Awards Granted (000's)	Weighted Average GDFV		Awards Granted (000's)	Weighted Average GDFV

Series A common stock RSUs, subsidiary employees (1)	—	$	—	3,519	$	0.93	17,302	$	3.82
Series A common stock RSUs, QVC Group employees and directors (2)	4	$	0.57	680	$	1.40	899	$	2.72
Series A common stock RSUs, David Rawlinson II (3)	3,738	$	1.23	1,869	$	1.51	596	$	4.91
Series B common stock RSUs, QVC Group Chairman of the Board (4)	296	$	5.01	353	$	5.51	327	$	4.95

(1)	Grants made in 2023 vest between one and three years. Grants made in 2022 generally vest annually over three years.

(2)	Grants mainly vest in one year for directors and one year from the month of grant for employees, subject to the satisfaction of certain performance objectives.

(3)

Grant made in 2024 vests one year from the month of grant, grant made in 2023 cliff vested in March 2024 and grant made in 2022 cliff vested in March 2023, subject to the satisfaction of certain performance objectives and based on an amount determined by the compensation committee. Grants were made in connection with Mr. Rawlinson’s employment agreement (see note 10).

(4)

QVC Group granted 296 thousand, 353 thousand and 327 thousand performance-based RSUs of QVCGB in 2024, 2023 and 2022, respectively. These grants vest one year from the month of the grant, subject to the satisfaction of certain performance objectives. Grants were made in connection with our Chairman’s employment agreement.

Share-Based Payment Arrangement, Activity [Table Text Block]


	QVC Group
	Series A							Series B
				Weighted		Aggregate					Weighted		Aggregate
				average		intrinsic					average		intrinsic
	Options			remaining		value		Options			remaining		value
	(000's)	WAEP		life		(in millions)		(000's)	WAEP		life		(in millions)
Options outstanding at January 1, 2024	23,530	$	7.72					723	$	12.35
Granted	—	$	—					—	$	—
Exercised	—	$	—					—	$	—
Forfeited/Cancelled	(4,299)	$	10.55					(316)	$	11.59
Options outstanding at December 31, 2024	19,231	$	7.09	1.9	years	$	—	407	$	12.95	0.3	years	$	—
Options exercisable at December 31, 2024	19,173	$	7.08	1.9	years	$	—	407	$	12.95	0.3	years	$	—

Schedule of number and weighted average GDFV of RSUs granted to certain officers, employees and directors


		Weighted			Weighted
	Series A	Average		Series B	Average
	(000's)	GDFV		(000's)	GDFV
RSUs outstanding at January 1, 2024	14,691	$	3.30	353	$	5.51
Granted	3,742	$	1.23	296	$	5.01
Vested	(7,400)	$	3.66	(353)	$	4.85
Forfeited/Cancelled	(2,273)	$	2.37	—	$	—
RSUs outstanding at December 31, 2024	8,760	$	2.35	296	$	5.01