Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Stock-Based Compensation  
Schedule of number and weighted average GDFV of option granted

For the Years ended December 31,

2021

2020

2019

Options Granted (000's)

Weighted Average GDFV

Options Granted (000's)

Weighted Average GDFV

Options Granted (000's)

Weighted Average GDFV

Series A Qurate Retail common stock, QVC and HSN employees (1)

895

$

6.75

4,200

$

1.96

2,503

$

4.07

Series A Qurate Retail common stock, Zulily employees (1)

79

$

6.74

618

$

1.94

328

$

4.08

Series A Qurate Retail common stock, Qurate Retail employees and directors (2)

63

$

6.18

747

$

4.86

639

$

3.97

Series A Qurate Retail common stock, David Rawlinson II (3)

1,185

$

5.02

NA

NA

NA

NA

Series A Qurate Retail common stock, Qurate Retail Chairman of the Board (4)

NA

NA

1,191

$

4.88

2,134

$

3.44

Series B Qurate Retail common stock, Qurate Retail Chairman of the Board (4)

NA

NA

NA

NA

26

$

5.84

(1) Vests semi-annually over four years.
(2) Vests between two and five years for employees and in one year for directors.
(3) Vests in two equal tranches on December 31, 2023 and December 31, 2024. Grant was made in connection with Mr. Rawlinson’s employment agreement (see note 10).
(4) The grants made in December 2020 and December 2019 in connection with the Chairman’s new employment agreement cliff vest in December 2024 and December 2023, respectively. The grant made in March 2019 vested immediatelyand was made in connection with the Chairman’s previous employment agreement (see notes 1 and 10).
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Volatility

 

    

    

    

    

    

2021 grants

 

53.7

%  

-

57.1

%  

2020 grants

 

46.8

%  

-

54.8

%  

2019 grants

 

30.1

%  

-

44.8

%  

Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards

Qurate Retail

 

Series A

Series B

 

Weighted

Aggregate

Weighted

Aggregate

average

 intrinsic

average

 intrinsic

Awards

remaining

value

Awards

remaining

value

    

(000's)

    

WAEP

    

life

    

(in millions)

    

(000's)

    

WAEP

    

life

    

(in millions)

 

Outstanding at January 1, 2021

40,553

$

10.61

3,243

$

15.39

 

Granted

 

2,222

$

11.63

 

$

Exercised

 

(2,822)

$

5.60

 

$

Forfeited/Cancelled

 

(3,899)

$

12.76

 

(1,335)

$

16.93

November Special Dividend adjustment

6,056

$

9.24

313

$

12.33

Outstanding at December 31, 2021

 

42,110

$

9.23

 

3.4

years

$

58

 

2,221

$

12.25

 

1.8

years

$

Exercisable at December 31, 2021

 

25,249

$

11.80

 

2.2

years

$

10

 

2,221

$

12.25

 

1.8

years

$