Sirius XM director gets 60 dividend-linked RSUs
SIRIUS XM HOLDINGS INC.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that director Jonelle Procope acquired 60 shares of common stock on August 26, 2026 through a grant of additional restricted stock units. These units were credited as an adjustment for a $0.27 per share cash dividend paid that day and are subject to the same vesting and settlement conditions as the underlying restricted stock units. Following this grant, Procope holds 18,414 shares directly.
Insider Trade Summary
Grant/Award: 60 shares
Grant/Award
1 txn
Insider
Procope Jonelle
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 18,414 shares (Direct)
Footnotes (1)
- F1. On August 26, 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, August 10, 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.
Key Figures
Dividend per share: $0.27 per share
Shares acquired via RSU dividend adjustment: 60 shares
Shares held after transaction: 18,414 shares
3 metrics
Dividend per share
$0.27 per share
Cash dividend paid on outstanding common stock on August 26, 2026
Shares acquired via RSU dividend adjustment
60 shares
Additional restricted stock units credited to Jonelle Procope on August 26, 2026
Shares held after transaction
18,414 shares
Direct common stock holdings of Jonelle Procope following the August 26, 2026 grant
Key Terms
restricted stock units, cash dividend, record date
3 terms
restricted stock units financial
"Pursuant to the terms of the agreement governing the outstanding restricted stock units held"
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.
cash dividend financial
"paid a cash dividend of $0.27 per share on each 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.
record date financial
"The dividend was payable to all holders ... on the record date, August 10, 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SIRI (SIRIUS XM HOLDINGS INC.) report for Jonelle Procope?
Jonelle Procope reported an acquisition of 60 shares of SIRI common stock on August 26, 2026 via a grant of additional restricted stock units related to a cash dividend adjustment.
What dividend did SIRIUS XM (SIRI) pay that triggered additional restricted stock units?
On August 26, 2026, SIRIUS XM paid a $0.27 per share cash dividend on each share of its outstanding common stock, which resulted in additional restricted stock units being credited to Jonelle Procope under her award agreement.
Why did Jonelle Procope receive additional SIRI restricted stock units?
Under the terms of her restricted stock unit agreement, Jonelle Procope received additional units to reflect the $0.27 per share cash dividend paid on August 26, 2026. These new units carry the same vesting and settlement conditions as the original units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
