Wafford Bill 4
4 · QVC Group, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
QVC Group CFO Bill Wafford Receives RSU Shares; Withholds for Tax
What Happened
Bill Wafford, CFO & CAO of QVC Group, had 13,201 restricted stock units (RSUs) vest on March 20, 2026. The vesting converted the RSUs into 13,201 shares. To cover tax withholding, 4,565 of those shares were withheld (disposed) at $2.86 per share, generating approximately $13,056. After withholding, Wafford retained 8,636 newly issued shares from the vesting, plus 104 previously held shares, for a total of about 8,740 shares.
Key Details
- Transaction date: 2026-03-20; Form 4 filed 2026-03-24 (appears timely).
- Vesting/Conversion: 13,201 RSUs converted to shares (transaction code M).
- Tax withholding: 4,565 shares withheld (transaction code F) at $2.86 = $13,056.
- Shares likely retained after settlement: 8,636 from the vesting + 104 prior shares = ~8,740 total.
- Footnotes: 1-for-50 reverse stock split effective May 22, 2025 adjusted award amounts; RSUs were granted on May 23, 2023 and vested in full on March 20, 2026; withheld shares were used to satisfy tax liability.
Context
This was a compensation vesting event (award settlement), not an open-market buy or sale by the insider. The withholding of shares to satisfy taxes is routine and does not by itself indicate a buy or sell decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Series A Common Stock
[F1][F2]2026-03-20+13,201→ 13,305 total - Tax Payment
Series A Common Stock
[F3]2026-03-20$2.86/sh−4,565$13,056→ 8,740 total - Exercise/Conversion
Restricted Stock Units - QVCGA
[F2][F1][F4]2026-03-20−13,201→ 0 total→ Series A Common Stock (13,201 underlying)
Footnotes (4)
- [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 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.
- [F3]Represents shares withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units.
- [F4]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.