Dividend adds 83 restricted stock units to Sirius XM (SIRI) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Eddy W. Hartenstein reported routine equity compensation and holdings related to Sirius XM Holdings Inc. common stock. On May 27, 2026, he acquired 83 shares at $0.00 per share as a grant or award tied to existing restricted stock units.
A footnote explains Sirius XM paid a $0.27 per-share cash dividend on common stock to holders of record on May 11, 2026, and under the governing agreement, the filer received additional restricted stock units with the same vesting and settlement conditions as the underlying units. After the award, he directly holds 14,881 shares and indirectly holds 22,236 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARTENSTEIN EDDY W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,881 shares (Direct, null);
Common Stock — 22,236 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
Dividend per share: $0.27 per share
RSU-related award: 83 shares
Direct holdings after award: 14,881 shares
+1 more
4 metrics
Dividend per share
$0.27 per share
Cash dividend on common stock paid May 27, 2026
RSU-related award
83 shares
Grant/award acquisition at $0.00 per share
Direct holdings after award
14,881 shares
Common stock directly held following May 27, 2026 award
Indirect holdings by trust
22,236 shares
Common stock held indirectly through a trust
Key Terms
cash dividend, restricted stock units, record date, vesting and settlement
4 terms
cash dividend financial
"Sirius XM Holdings Inc. paid a cash dividend of $0.27 per share"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
restricted stock units financial
"the filer received certain additional restricted stock units as a result of this cash dividend"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
record date financial
"The dividend was payable to all holders of Sirius XM's common stock on the record date, May 11, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
vesting and settlement financial
"These additional units are subject to the same conditions regarding vesting and settlement"
FAQ
What insider activity did Sirius XM (SIRI) disclose for Eddy W. Hartenstein?
Sirius XM disclosed that director Eddy W. Hartenstein received 83 additional common shares as a grant or award. These arose from dividend-related restricted stock unit adjustments, and he now reports 14,881 shares held directly plus 22,236 shares held indirectly through a trust.
What cash dividend did Sirius XM (SIRI) pay that affected this Form 4?
Sirius XM paid a cash dividend of $0.27 per share on its outstanding common stock on May 27, 2026. Shareholders of record on May 11, 2026 received this dividend, which triggered additional restricted stock units for the filer under existing award agreements.
Why did Eddy W. Hartenstein receive 83 additional Sirius XM (SIRI) restricted stock units?
He received 83 additional units because his outstanding restricted stock units are entitled to dividend equivalents. When Sirius XM paid a $0.27 per-share cash dividend, his award agreement provided for extra units, subject to the same vesting and settlement conditions as the original units.
Does this Sirius XM (SIRI) Form 4 show any insider stock sales?
This Form 4 does not report any sales of Sirius XM common stock by Eddy W. Hartenstein. It shows an award of 83 shares at $0.00 per share and updates his direct and indirect share holdings, including those held through a trust.