Sirius XM COO granted 1,871 shares via dividend
SIRIUS XM HOLDINGS INC.
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Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. EVP and Chief Operating Officer Wayne Thorsen reported an automatic acquisition of 1,871 shares of common stock on account of dividend-equivalent restricted stock units. These additional units arose from a $0.27 per share cash dividend paid on May 27, 2026 to holders of common stock as of the May 11, 2026 record date. After this award, Thorsen directly holds 214,557 shares, and the new units carry the same vesting and settlement terms as the underlying restricted stock units.
Insider Trade Summary
Grant/Award: 1,871 shares
Grant/Award
1 txn
Insider
Thorsen Wayne
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,871 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 214,557 shares (Direct)
Footnotes (1)
- F1. On May 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, May 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.
Key Figures
Dividend per share: $0.27 per share
Shares acquired: 1,871 shares
Total holdings after transaction: 214,557 shares
+1 more
4 metrics
Dividend per share
$0.27 per share
Cash dividend paid on May 27, 2026
Shares acquired
1,871 shares
Automatic award from dividend-equivalent RSUs on May 27, 2026
Total holdings after transaction
214,557 shares
Common stock directly held by Wayne Thorsen after Form 4 transaction
Record date for dividend
May 11, 2026
Holders of common stock on this date received the $0.27 dividend
Key Terms
cash dividend, outstanding common stock, restricted stock units, record date
4 terms
cash dividend financial
"On May 27, 2026, Sirius XM Holdings Inc. paid a cash dividend of $0.27 per 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.
outstanding common stock financial
"on each share of its outstanding common stock"
Outstanding common stock represents the total number of shares of a company's basic ownership that are currently held by all shareholders, including individual investors and institutions. It reflects how many pieces of the company are available to be owned, bought, or sold. This figure matters to investors because it influences the company's stock price, voting power, and how its value is divided among shareholders.
restricted stock units financial
"the agreement governing the outstanding restricted stock units held by the filer"
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.
record date financial
"The dividend was payable to all holders of Sirius XM's common stock on the record date, May 11, 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) COO Wayne Thorsen report?
Wayne Thorsen reported an automatic acquisition of 1,871 shares of common stock tied to his restricted stock units. These additional units resulted from a dividend-equivalent adjustment, not an open-market purchase or sale, and are subject to existing vesting and settlement terms.
Are Wayne Thorsen’s new SIRI restricted stock units immediately vested?
No. The additional restricted stock units granted to Wayne Thorsen from the dividend are subject to the same vesting and settlement conditions as the underlying restricted stock units. They do not accelerate vesting and follow the original award schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
