Director Gregory Maffei adds 66,862 RSUs in Sirius XM (SIRI) after dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director Gregory B. Maffei reported an acquisition of 66,862 shares of common stock on a Form 4. These shares represent additional restricted stock units he received because the company paid a cash dividend of $0.27 per share on its common stock on February 27, 2026, to holders of record on February 11, 2026. The new units carry the same vesting and settlement conditions as his underlying restricted stock units.
After this grant, Maffei’s direct holdings increased to 5,378,181 shares of common stock. He also reports indirect ownership of 1,108 shares held by a grantor retained annuity trust, reflecting a prior exempt transfer between him and the GRAT.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MAFFEI GREGORY B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,862 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,378,181 shares (Direct);
Common Stock — 1,108 shares (Indirect, By GRAT)
Footnotes (1)
- On February 27, 2026, 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, February 11, 2026. 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. Reflects a transfer made between the reporting person and a grantor retained annuity trust ("GRAT"). Such transfer was exempt from reporting pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
FAQ
What did Gregory B. Maffei report on his latest Form 4 for SIRI?
Gregory B. Maffei reported receiving 66,862 additional restricted stock units in Sirius XM common stock. These arose from a cash dividend adjustment and are subject to the same vesting and settlement terms as his existing restricted stock units.
Why did Gregory B. Maffei receive 66,862 additional SIRI restricted stock units?
He received 66,862 additional restricted stock units because Sirius XM paid a $0.27-per-share cash dividend on February 27, 2026. Under his RSU agreement, cash dividends generate additional units that share the same vesting and settlement conditions as the original awards.
What dividend did Sirius XM (SIRI) pay that affected Maffei’s RSUs?
Sirius XM paid a cash dividend of $0.27 per share on its outstanding common stock on February 27, 2026. The dividend went to holders of record on February 11, 2026 and triggered additional restricted stock units for Maffei under his award terms.
What is the GRAT mentioned in Gregory B. Maffei’s SIRI Form 4 filing?
The GRAT is a grantor retained annuity trust that holds 1,108 Sirius XM shares indirectly for Maffei. The filing notes a transfer between Maffei and the GRAT that was exempt from reporting under Rule 16a-13 of the Securities Exchange Act.
Were any of Gregory B. Maffei’s Sirius XM transactions open-market buys or sells?
The Form 4 shows a grant or award acquisition of 66,862 restricted stock units at a price of $0.00 per share. It does not report any open-market purchases or sales of Sirius XM common stock in these transactions.