Fiona P. Dias - Jun 15, 2023 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
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 04:29 PM
Previous filing
May 5, 2023
Next filing
Jul 24, 2023

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 +586 +9.46% $0.00 6.78K Jun 15, 2023 Series A Common Stock 586 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 May 17, 2023, the Issuer announced that an authorized committee of 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 June 15, 2023 to stockholders of record of the Preferred Stock at the close of business on May 31, 2023 (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.