Sirius XM (SIRI) CFO receives 3,018 dividend-linked RSU shares, total 296,801
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. EVP and CFO Zachary Coughlin reported an automatic equity award rather than an open-market trade. He acquired 3,018 shares of Common Stock at no cost, increasing his direct holdings to 296,801 shares following the transaction.
The grant reflects additional restricted stock units credited under his agreement after Sirius XM paid a $0.27 per-share cash dividend on May 27, 2026 to holders of common stock of record on May 11, 2026. These additional units carry the same vesting and settlement terms as the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coughlin Zachary
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,018 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 296,801 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 3,018 shares
Holding after transaction: 296,801 shares
Dividend per share: $0.27 per share
+3 more
6 metrics
Shares acquired
3,018 shares
Grant/award acquisition of Common Stock
Holding after transaction
296,801 shares
Direct Common Stock owned post-award
Dividend per share
$0.27 per share
Cash dividend on outstanding common stock
Dividend payment date
May 27, 2026
Cash dividend payment on common stock
Dividend record date
May 11, 2026
Record date for dividend eligibility
Grant price
$0.00 per share
Price for awarded shares
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 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.
cash dividend financial
"paid a cash dividend of $0.27 per share on each share of its outstanding common stock"
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 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
What did Sirius XM (SIRI) EVP and CFO Zachary Coughlin report on this Form 4?
Zachary Coughlin reported receiving 3,018 additional shares of Common Stock as an automatic equity award. The shares were tied to restricted stock units credited following a cash dividend and increased his direct holdings to 296,801 shares after the transaction.
Was the Sirius XM (SIRI) CFO’s Form 4 transaction a market purchase or sale?
The transaction was not a market purchase or sale; it was a grant or award acquisition. Coughlin received 3,018 additional restricted stock units at a price of $0.00 per share, reflecting dividend-related credits under his existing equity award agreement.
What dividend did Sirius XM (SIRI) pay that led to additional restricted stock units?
Sirius XM paid a cash dividend of $0.27 per share on its outstanding common stock on May 27, 2026. Under the filer’s restricted stock unit agreement, this dividend resulted in additional units subject to the same vesting and settlement conditions as the original awards.
What were the record and payment dates for the Sirius XM (SIRI) cash dividend?
The cash dividend was payable to all holders of Sirius XM common stock on the record date of May 11, 2026. The company then paid the $0.27 per-share dividend on May 27, 2026, which triggered additional restricted stock units for the filer.