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

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
A summary of the activity of the QVC Group Incentive Plans with respect to the QVCGA Options granted to QVC employees and officers as of and during the year ended December 31, 2025 is presented below:
Options
(000's)		 Weighted
average
exercise
price		 Aggregate
intrinsic
value
(000s)		 Weighted average remaining
life
(years)
Outstanding as of January 1, 2025 198  $ 408.50  $ —  1.6
Forfeited/Cancelled (85) 566.34 
Outstanding and exercisable as of December 31, 2025 113  290.37  —  1.3
Schedule of Restricted Stock, RSU and PSU Activity
A summary of the activity of the QVC Group Incentive Plans with respect to the stock-settled RSUs granted to QVC employees and officers as of and during the year ended December 31, 2025 is presented below:
Series A
(000's)
Weighted average GDFV
Outstanding as of January 1, 2025 167  $ 110.93 
Granted 324  14.00 
Vested (135) 134.74 
Forfeited/Cancelled (1)
(343) 17.14 
Outstanding as of December 31, 2025 13  45.74 
(1)All of the QVCGA stock-settled RSUs granted during 2025 were modified and canceled during the twelve months ended December 31, 2025. See discussion below.
A summary of the activity of the QVC Group Incentive Plans with respect to the cash-settled RSUs and PSUs granted to QVC employees and officers as of and during the year ended December 31, 2025 is presented below:
QVCGA RSUs (000's) QVCGA PSUs (000's) Total QVCGA RSUs & PSUs (000's)
Outstanding as of January 1, 2025 327  584  911 
Granted 2,104  —  2,104 
Vested (109) —  (109)
Forfeited/Cancelled (1)
(2,231) (354) (2,585)
Outstanding as of December 31, 2025 91  230  321 

(1)All of the QVCGA cash-settled RSUs granted during 2025 were modified and canceled during the twelve months ended December 31, 2025. See discussion below.