Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | QRTEA | Dividend Equivalent Rights - QRTEA | Award | $0 | +1.29K | +36% | $0.00 | 4.89K | Nov 22, 2021 | Series A Common Stock | 1.29K | Direct | F1, F2, F3 |
Id | Content |
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F1 | On November 4, 2021, the Issuer announced that its board of directors declared a special cash dividend in the amount of $1.25 per common share payable on November 22, 2021, to all holders of record of the Issuer's common stock at the close of business on November 15, 2021 (the "Dividend"). The dividend equivalent rights accrued on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person as a result of the Dividend and are subject to the same terms and conditions (including voting and expiration) as the Original RSUs to which they relate. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's Series A common stock. The grant of the dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended. |
F2 | Each dividend equivalent right vests upon the reporting person's termination of service to the Issuer's board of directors. |
F3 | Each dividend equivalent right expires upon the reporting person's termination of service to the Issuer's board of directors. |