Fiona P. Dias - Mar 15, 2022 Form 4 Insider Report for Qurate Retail, Inc. (QRTEA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Fiona P. Dias
Stock symbol
QRTEA
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2022, 04:25 PM
Previous filing
Dec 17, 2021
Next filing
May 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 +108 +2.18% $0.00 5.06K Mar 15, 2022 Series A Common Stock 108 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 16, 2022, the Issuer announced that its board of directors declared a quarterly cash dividend in the amount of $2.00 per share of its 8.0% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock") payable on March 15, 2022 to stockholders of record of the Preferred Stock at the close of busines on February 28, 2022 (the "Dividend"). The equivalent rights accrued on restricted stock units with respect to the Issuer's Preferred Stock "Original RSUs") held by the reporting person as a result of the Dividend and are subject to the same terms and conditions (including vesting 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 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.