Sirius XM (SIRI) director Jonelle Procope receives 6,775-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director Jonelle Procope received an equity award in the form of 6,775 shares of Common Stock on May 29, 2026, classified as a grant or award acquisition at no cash cost per share. These shares are in the form of Restricted Stock Units that will vest on May 29, 2027. Following this grant, Procope directly holds a total of 35,026 shares of Sirius XM common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Procope Jonelle
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,775 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,026 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 6,775 shares
Price per share: $0.00 per share
Total shares after: 35,026 shares
+1 more
4 metrics
Shares granted
6,775 shares
Equity award of Common Stock on May 29, 2026
Price per share
$0.00 per share
Reported transaction price for grant/award
Total shares after
35,026 shares
Direct holdings following the grant
RSU vesting date
May 29, 2027
Vesting date for Restricted Stock Units
Key Terms
Restricted Stock Units, Grant, award, or other acquisition, Common Stock
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"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Sirius XM (SIRI) report for Jonelle Procope?
Sirius XM reported that director Jonelle Procope received a grant of 6,775 shares of Common Stock as an equity award. The award was recorded at a price of $0.00 per share and classified as a grant or award acquisition, not an open-market trade.
When do Jonelle Procope’s Sirius XM (SIRI) Restricted Stock Units vest?
The Restricted Stock Units granted to Jonelle Procope vest on May 29, 2027. Until that vesting date, the units remain subject to the award’s conditions. Once vested, they convert into common shares in accordance with the company’s equity plan and award terms.
Was Jonelle Procope’s Sirius XM (SIRI) transaction a market purchase or a stock award?
The transaction was a stock award, not a market purchase. It is coded as a grant, award, or other acquisition with a transaction price of $0.00 per share, reflecting compensation in equity rather than an open-market buy of Sirius XM shares.
What does the Form 4 code "A" mean in the Sirius XM (SIRI) filing for Jonelle Procope?
The Form 4 code “A” in this filing indicates a grant, award, or other acquisition of shares. For Jonelle Procope, it represents an equity compensation grant of 6,775 Sirius XM Common Stock shares, rather than a discretionary open-market purchase or sale.