Director at Sirius XM (SIRI) gains 104 shares from dividend RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sirius XM Holdings director Eddy W. Hartenstein reported an automatic share award linked to a recent cash dividend. On February 27, 2026, he acquired 104 shares of common stock at $0.00 per share as a grant or award, not an open-market purchase.
The footnote explains Sirius XM paid a $0.27 per-share cash dividend to holders of record on February 11, 2026, and under his restricted stock unit agreements he received additional units tied to that dividend, subject to the same vesting and settlement conditions. After this adjustment, he directly holds 14,798 shares and also reports 22,236 shares held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARTENSTEIN EDDY W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,798 shares (Direct);
Common Stock — 22,236 shares (Indirect, By Trust)
Footnotes (1)
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FAQ
What insider transaction did SIRI director Eddy Hartenstein report?
SIRI director Eddy W. Hartenstein reported an automatic award of 104 shares of common stock. The shares were granted at no cost as an adjustment tied to his restricted stock units following a Sirius XM cash dividend of $0.27 per share.
Was the SIRI insider transaction an open-market purchase or sale?
The SIRI insider transaction was not an open-market trade. It was classified as a grant or award acquisition, where Hartenstein received 104 shares at $0.00 per share, reflecting additional units credited under his restricted stock unit agreements after a cash dividend.
What cash dividend triggered the additional SIRI restricted stock units?
Sirius XM paid a cash dividend of $0.27 per share on February 27, 2026. Holders of common stock on the February 11, 2026 record date received the dividend, and Hartenstein’s restricted stock unit agreements granted him additional units tied to that payment.
Why did Eddy Hartenstein receive additional Sirius XM restricted stock units?
He received additional restricted stock units because his existing RSU agreements provide for adjustments when Sirius XM pays cash dividends. The February 27, 2026 dividend triggered 104 extra units, which carry the same vesting and settlement conditions as the original awards.
How are Hartenstein’s indirect SIRI holdings characterized in this Form 4?
Hartenstein’s indirect Sirius XM holdings are reported as 22,236 common shares held “By Trust.” This indicates the shares are owned through a trust rather than directly in his name, and are categorized as indirect beneficial ownership in the filing.