QVC Group (QVCGA) CFO’s 13,201 RSUs vest; 4,565 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QVC Group, Inc. disclosed that CFO & CAO Bill Wafford had previously granted restricted stock units in QVCGA common stock vest in full on March 20, 2026. On that date, he exercised 13,201 restricted stock units into 13,201 shares of Series A Common Stock at an exercise price of $0.00 per share. To cover tax obligations from this vesting, 4,565 shares were withheld at a price of $2.86 per share, leaving Wafford with 8,740 shares of QVCGA Series A Common Stock held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,201 shares exercised/converted
Mixed
3 txns
Insider
Wafford Bill
Role
CFO & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - QVCGA | 13,201 | $0.00 | -- |
| Exercise | Series A Common Stock | 13,201 | $0.00 | -- |
| Tax Withholding | Series A Common Stock | 4,565 | $2.86 | $13K |
Holdings After Transaction:
Restricted Stock Units - QVCGA — 0 shares (Direct);
Series A Common Stock — 13,305 shares (Direct)
Footnotes (1)
- On May 22, 2025, the issuer effected a 1-for-50 reverse stock split of all issued and outstanding shares of QVCGA common stock and QVCGB common stock. At the effective time of the reverse stock split, the number of shares subject to then-outstanding equity awards (including those held by the reporting person) were proportionately adjusted. Reflects prior awards of restricted stock units previously reported in Table II of the reporting person's Form 3. Each restricted stock unit represented a contingent right to receive one share of QVCGA common stock. As of the date of this filing, the total reported in Column 5 includes 13,201 shares of QVCGA common stock underlying restricted stock units previously reported in Table II and 104 shares of QVCGA common stock, each as adjusted for the reverse stock split. Represents shares withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units. On May 23, 2023, the reporting person was granted 13,201 restricted stock units (as adjusted for the reverse stock split), vesting in full on March 20, 2026.
FAQ
What insider transaction did QVCGA CFO Bill Wafford report?
Bill Wafford reported the vesting and exercise of 13,201 restricted stock units into 13,201 shares of QVCGA Series A Common Stock. These awards were previously granted and represented equity compensation rather than an open-market stock purchase.
Was the QVCGA insider transaction by Bill Wafford a market buy or sell?
No, the filing shows a compensation-related event. Wafford’s 13,201 restricted stock units vested and converted into common shares, with 4,565 shares withheld to pay taxes, rather than shares being bought or sold on the open market.
When were the QVCGA restricted stock units originally granted to Bill Wafford?
The filing notes that Wafford was granted 13,201 restricted stock units on May 23, 2023, adjusted for a later reverse stock split. These units vested in full on March 20, 2026, triggering the reported share issuance and related tax withholding.
How did QVCGA’s reverse stock split affect Bill Wafford’s equity awards?
A 1-for-50 reverse stock split on May 22, 2025 proportionately adjusted all outstanding equity awards. Wafford’s restricted stock units were restated so that 13,201 units, post-split, each continued to represent one share of QVCGA common stock upon vesting.