Fitzharris Mike 4

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.