Fitzharris Mike 4
4 · QVC Group, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
QVC Group (QVCGA) Mike Fitzharris Exercises and Sells 4,393 Shares
What Happened Mike Fitzharris, President of QVC US and COO of QVC Group (QVCGA), reported the exercise/conversion and immediate disposition of 4,393 shares on March 15, 2026. The filing shows an exercise/conversion (derivative code M) and a disposition to the issuer (code D) of 4,393 shares; the derivative line shows a $0.00 per‑share price and no proceeds reported, consistent with a cash‑settled restricted stock unit (RSU) award rather than an open‑market sale.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (typical 2‑day reporting window).
- Shares involved: 4,393 shares (exercise/conversion and disposition to issuer).
- Price/proceeds reported: N/A for some entries; derivative line shows $0.00 and $0 total — filing indicates cash settlement rather than a priced stock sale.
- Shares owned after transaction: Not specified in the Form 4 provided.
- Footnotes of note:
- F1: A 1‑for‑50 reverse stock split on May 22, 2025 adjusted award share counts.
- F2: These were prior RSU awards that were the economic equivalent of one share each and were cash settled.
- F3: The RSU award vests in two substantially equal installments on March 15, 2026 and March 15, 2027.
- Exhibit: Power of Attorney listed (Exhibit 24).
Context This filing reflects vesting and cash settlement of previously granted RSUs rather than an open‑market sale or new purchase. The conversion and immediate disposition back to the issuer is consistent with cash settlement of vested RSUs (i.e., no new shares retained on the open market). Such transactions are routine compensation events and do not necessarily signal an insider view on the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Series A Common Stock
[F1][F2]2026-03-15+4,393→ 4,393 total - Disposition to Issuer
Series A Common Stock
[F1][F2]2026-03-15−4,393→ 0 total - Exercise/Conversion
Restricted Stock Units (Cash Settled) - QVCGA
[F2][F1][F3]2026-03-15−4,393→ 4,394 totalExp: 2027-03-15→ Series A Common Stock (4,393 underlying)
Footnotes (3)
- [F1]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.
- [F2]Reflects prior awards of restricted stock units previously reported in Table II of the reporting person's Form 3. Each restricted stock unit was the economic equivalent of one share of QVCGA common stock and was cash settled.
- [F3]This restricted stock unit award vests in two substantially equal installments on March 15, 2026 and 2027.