Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Stock-Based Compensation  
Schedule of number and weighted average GDFV of option granted

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Years ended December 31,

​

​

​

2020

​

2019

​

2018

​

​

​

Options Granted (000's)

​

Weighted Average GDFV

​

Options Granted (000's)

​

Weighted Average GDFV

​

Options Granted (000's)

​

Weighted Average GDFV

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Series A Qurate Retail common stock, QVC and HSN employees (1)

​

4,200

​

$

1.96

​

2,503

​

$

4.07

​

3,783

​

$

8.77

​

Series A Qurate Retail common stock, Zulily employees (1)

​

618

​

$

1.94

​

328

​

$

4.08

​

336

​

$

8.65

​

Series A Qurate Retail common stock, Qurate Retail employees and directors (2)

​

747

​

$

4.86

​

639

​

$

3.97

​

72

​

$

7.31

​

Series A Qurate Retail common stock, Qurate Retail President and CEO (3)

​

NA

​

​

NA

​

NA

​

​

NA

​

577

​

$

7.09

​

Series A Qurate Retail common stock, Qurate Retail Chairman of the Board (4)

​

1,191

​

$

4.88

​

2,134

​

$

3.44

​

NA

​

​

NA

​

Series B Qurate Retail common stock, Qurate Retail Chairman of the Board (4)

​

NA

​

​

NA

​

26

​

$

5.84

​

175

​

$

8.84

​

Series B Ventures Group common stock, Qurate Retail Chairman of the Board (4)

​

NA

​

​

NA

​

NA

​

​

NA

​

143

​

$

16.55

​

(1) Vests semi-annually over four years.
(2) Vests between two and five years for employees and in one year for directors.
(3) Vested 50% on each of December 15, 2019 and December 15, 2020.  
(4) The grants made in December 2020 and December 2019 in connection with the Chairman’s new employment agreement cliff vest in December 2024 and December 2023, respectively. The grant made in March 2019 vested immediately. The grants made in 2018 cliff vested at the end of the grant year. Grants made in 2019 and 2018 were in connection with the Chairman’s previous employment agreement (see notes 1 and 11).
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

​

​

​

​

​

​

​

​

​

​

Volatility

 

2020 grants

    

    

    

    

    

​

Qurate Retail options

 

46.8

%  

-

54.8

%  

2019 grants

    

    

    

    

    

​

Qurate Retail options

 

30.1

%  

-

44.8

%  

2018 grants

    

    

    

    

    

​

Qurate Retail options

 

29.7

%  

-

30.5

%  

Liberty Ventures options

 

27.9

%  

-

27.9

%  

Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Qurate Retail

 

​

​

Series A

​

Series B

 

​

​

​

​

​

​

​

Weighted

​

Aggregate

​

​

​

​

​

​

Weighted

​

Aggregate

​

​

​

​

​

​

​

​

average

​

 intrinsic

​

​

​

​

​

​

average

​

 intrinsic

​

​

​

Awards

​

​

​

​

remaining

​

value

​

Awards

​

​

​

​

remaining

​

value

​

​

    

(000's)

    

WAEP

    

life

    

(in millions)

    

(000's)

    

WAEP

    

life

    

(in millions)

 

Outstanding at January 1, 2020

​

23,248

​

$

21.28

​

​

​

​

​

​

​

1,844

​

$

27.09

​

​

​

​

​

​

 

Granted

 

6,756

​

$

6.15

​

​

​

​

​

​

 

—

​

$

—

​

​

​

​

​

​

​

Exercised

 

(1,297)

​

$

2.95

​

​

​

​

​

​

 

—

​

$

—

​

​

​

​

​

​

​

Forfeited/Cancelled

 

(5,958)

​

$

17.12

​

​

​

​

​

​

 

—

​

$

—

​

​

​

​

​

​

​

Special Dividend adjustment

​

15,145

​

$

11.19

​

​

​

​

​

​

​

1,182

​

$

16.51

​

​

​

​

​

​

​

December Special Dividend adjustment

​

2,659

​

$

10.56

​

​

​

​

​

​

​

217

​

$

15.39

​

​

​

​

​

​

​

Outstanding at December 31, 2020

 

40,553

​

$

10.61

 

4.2

years

​

$

108

 

3,243

​

$

15.39

 

2.1

years

​

$

—

​

Exercisable at December 31, 2020

 

22,874

​

$

14.12

 

2.9

years

​

$

13

 

3,243

​

$

15.39

 

2.1

years

​

$

—

​