Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.25.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Grants of Awards
The following table presents the number of QVCGA RSUs granted by the Company during the nine months ended September 30, 2025:
Nine months ended
September 30, 2025
Awards Granted (000's) Weighted
Average
GDFV
QVCGA cash-settled RSUs (1) 2,557  N/A
QVCGA stock-settled RSUs, mainly to our President and CEO (2) 324  $ 14.00 

(1)Substantially all of the QVCGA cash-settled RSUs that granted during 2025 were modified and canceled during the three months ended September 30, 2025. See discussion below.
(2)The 2025 QVCGA stock-settled RSUs were modified and canceled during the three months ended September 30, 2025. See discussion below.
Schedule of Outstanding Awards
The following tables present the number and weighted average exercise price ("WAEP") of the options to purchase QVC Group common stock granted to certain officers, employees and directors of the Company, as well as the weighted average remaining life and aggregate intrinsic value of the options.
Series A
(000's)
WAEP Weighted
average
remaining
life
Aggregate
intrinsic
value
(millions)
Options outstanding at January 1, 2025 384  $ 354.42 
Granted —  $ — 
Exercised —  $ — 
Forfeited/Cancelled (91) $ 572.41 
Options outstanding at September 30, 2025 293  $ 287.22  1.5 years $ — 
Options exercisable at September 30, 2025 293  $ 287.22  1.5 years $ — 
Series B
(000's)
WAEP Weighted
average
remaining
life
Aggregate
intrinsic
value
(millions)
Options outstanding at January 1, 2025 $ 647.50 
Granted —  $ — 
Exercised —  $ — 
Forfeited/Cancelled (7) $ 674.50 
Options outstanding at September 30, 2025 $ 438.00  0.4 years $ — 
Options exercisable at September 30, 2025 $ 438.00  0.4 years $ — 
Schedule of Number and Weighted Average
The following table presents the number and weighted average GDFV of QVC Group stock-settled RSUs and DSUs granted to certain officers, employees and directors of the Company.
Series A
(000's)
Weighted
Average
GDFV
Series B
(000's)
Weighted
Average
GDFV
Outstanding at January 1, 2025 175  $ 116.85  $ 250.50 
Granted 324  $ 14.00  —  $ — 
Vested (111) $ 150.72  (6) $ 250.50 
Forfeited/Cancelled (1) (343) $ 17.14  —  $ — 
Outstanding at September 30, 2025 45  $ 53.46  —  $ — 
Schedule of RSUs and PSUs Granted
The following table presents the number of QVC Group cash-settled RSUs and PSUs granted to certain officers and employees of the Company.
QVCGA
RSUs
(000's)
QVCGA
PSUs
(000's)
Total QVCGA
RSUs & PSUs
(000's)
Outstanding at January 1, 2025 388  717  1,105 
Granted 2,557  —  2,557 
Vested (130) (19) (149)
Forfeited/Cancelled (1) (2,534) (424) (2,958)
Outstanding at September 30, 2025 281  274  555 
(1)See discussion below regarding revised compensation structure and modification made to 2025 grants of QVCGA RSUs.