Fiona P. Dias - Nov 22, 2021 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
Nov 22, 2021
Transactions value $
$0
Form type
4
Date filed
11/24/2021, 03:49 PM
Previous filing
Sep 29, 2021
Next filing
Dec 8, 2021

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 +1.29K +36% $0.00 4.89K Nov 22, 2021 Series A Common Stock 1.29K 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 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.