Director at Sirius XM (SIRI) awarded 6,775 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director David Zaslav reported an equity award in the form of common stock. He acquired 6,775 shares on a grant basis at a stated price of $0.00 per share, characterized as a grant or award rather than an open-market purchase.
Following this award, his direct holdings in Sirius XM common stock increased to 35,405 shares. A footnote explains that the related Restricted Stock Units will vest on May 29, 2027, meaning the award is tied to future service or time-based conditions before full vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zaslav David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,775 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,405 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 6,775 shares
Price per share: $0.00 per share
Holdings after grant: 35,405 shares
+1 more
4 metrics
Shares granted
6,775 shares
Common Stock grant on May 29, 2026
Price per share
$0.00 per share
Reported grant price for awarded shares
Holdings after grant
35,405 shares
Total common stock directly held after transaction
RSU vesting date
May 29, 2027
Restricted Stock Units vesting per footnote
Key Terms
Restricted Stock Units, Grant, award, or other acquisition, Form 4
3 terms
Restricted Stock Units financial
"Restricted Stock Units will vest on May 29, 2027."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did David Zaslav acquire in the latest Sirius XM (SIRI) Form 4?
David Zaslav received 6,775 shares of Sirius XM common stock as a grant or award. The transaction was reported at a price of $0.00 per share, indicating a compensation-related equity award rather than an open-market purchase.
Are vesting terms disclosed for David Zaslav’s Sirius XM (SIRI) award?
Yes. A footnote states that the Restricted Stock Units associated with this award will vest on May 29, 2027. This indicates the equity grant is subject to a time-based vesting schedule before becoming fully vested for the director.
Was David Zaslav’s Sirius XM (SIRI) Form 4 transaction an open-market buy or sell?
The transaction is classified as a grant, award, or other acquisition, not an open-market buy or sell. The reported price is $0.00 per share, consistent with compensation-related stock awards rather than market trading activity.
Does the Sirius XM (SIRI) Form 4 show any derivative security exercises?
No derivative transactions are listed in this Form 4. The filing reports a single non-derivative transaction in common stock and shows an empty derivative summary, indicating no option or similar derivative exercises were included.