Sirius XM (SIRI) Form 4: 98 RSUs from $0.27 dividend
Sirius XM Holdings Inc. (SIRI) filed a Form 4 reporting a routine equity adjustment for one of its directors.
Rhea-AI Filing Summary
Sirius XM Holdings Inc. (SIRI) filed a Form 4 reporting a routine equity adjustment for one of its directors. On November 21, 2025, Sirius XM paid a $0.27 per share cash dividend on each share of its outstanding common stock to holders of record on November 5, 2025. Under the terms of the director’s restricted stock unit agreement, this dividend generated 98 additional restricted stock units at a price of $0.0000, which are subject to the same vesting and settlement conditions as the original units. Following this transaction, the director beneficially owns 14,694 shares directly and 22,236 shares indirectly through a trust.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 98 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. On November 21, 2025, Sirius XM Holdings Inc. ("Sirius XM") paid a cash dividend of $0.27 per share on each share of its outstanding common stock. The dividend was payable to all holders of Sirius XM's common stock on the record date, November 5, 2025. Pursuant to the terms of the agreement governing the outstanding restricted stock units held by the filer, the filer received certain additional restricted stock units as a result of this cash dividend. These additional units are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units to which they relate.
FAQ
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What did Sirius XM (SIRI) disclose in this Form 4 filing?
The filing reports that a Sirius XM director received 98 additional restricted stock units on November 21, 2025 as an adjustment tied to a cash dividend on common stock.
Why did the Sirius XM director receive 98 additional restricted stock units?
The director’s outstanding restricted stock units are governed by an agreement that grants additional units when Sirius XM pays a cash dividend. A $0.27 per share dividend on November 21, 2025 triggered this award.
What were the terms of Sirius XM’s dividend mentioned in the Form 4?
Sirius XM paid a $0.27 per share cash dividend on its outstanding common stock on November 21, 2025, to all holders of record as of November 5, 2025.
Do the new restricted stock units have different vesting terms?
No. The filing states that the additional restricted stock units are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate.
AI-generated analysis. How Rhea-AI works. Not financial advice.