SIRI director reports 98 new RSUs after Sirius XM $0.27 cash dividend
Rhea-AI Filing Summary
Sirius XM Holdings Inc. (SIRI)98 additional restricted stock units on November 21, 2025. These units were granted at a price of $0.0000 per share under the existing restricted stock unit agreement and are subject to the same vesting and settlement conditions as the original awards. Following this adjustment, the reporting person beneficially owns 20,067 shares of common stock directly. The additional units were triggered by a $0.27 per-share cash dividend paid on Sirius XM common stock on November 21, 2025 to holders of record as of November 5, 2025.
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FAQ
What transaction did the Sirius XM (SIRI) director report on this Form 4?
The director reported receiving 98 additional restricted stock units of Sirius XM common stock on November 21, 2025, at a price of $0.0000 per share.
Why did the Sirius XM (SIRI) director receive 98 additional restricted stock units?
The 98 additional restricted stock units were granted under the terms of the existing restricted stock unit agreement as an adjustment for a $0.27 per-share cash dividend paid by Sirius XM.
What dividend did Sirius XM (SIRI) pay that led to this Form 4 adjustment?
On November 21, 2025, Sirius XM paid a $0.27 cash dividend per share on each share of its outstanding common stock to holders of record on November 5, 2025.
How many Sirius XM (SIRI) shares does the reporting person own after this transaction?
After the reported transaction, the director beneficially owns 20,067 shares of Sirius XM common stock, held directly.
Do the additional Sirius XM (SIRI) restricted stock units have new vesting terms?
No. The filing states that the additional restricted stock units are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate.
What is the reporting person’s relationship to Sirius XM (SIRI)?
The reporting person is identified as a Director of Sirius XM Holdings Inc. on the Form 4.