Dividend adds 83 RSUs for Sirius XM (SIRI) director David Zaslav
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zaslav David reported acquisition or exercise transactions in this Form 4 filing.
SIRIUS XM HOLDINGS INC. director David Zaslav reported receiving 83 additional shares of common stock at no cost, reflecting a grant of restricted stock units credited to him.
These units arose from a $0.27 per share cash dividend paid on May 27, 2026 to holders of Sirius XM common stock of record on May 11, 2026. Under the terms of his existing restricted stock unit agreement, the cash dividend generated extra RSUs instead of cash. The new units carry the same vesting and settlement conditions as the underlying awards, and Zaslav now directly holds 28,630 shares after this routine, dividend-related adjustment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zaslav David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,630 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 83 shares
Dividend amount: $0.27 per share
Holdings after transaction: 28,630 shares
+3 more
6 metrics
RSUs granted
83 shares
Additional restricted stock units credited from cash dividend
Dividend amount
$0.27 per share
Cash dividend on common stock paid May 27, 2026
Holdings after transaction
28,630 shares
David Zaslav direct ownership after RSU credit
Transaction price
$0.00 per share
Grant/award acquisition of common stock via RSUs
Dividend payment date
May 27, 2026
Date Sirius XM paid the $0.27 per share dividend
Dividend record date
May 11, 2026
Record date for holders eligible for the dividend
Key Terms
restricted stock units, cash dividend, record date, vesting and settlement
4 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
"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.
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.
vesting and settlement financial
"These additional units are subject to the same conditions regarding vesting and settlement"
FAQ
What did SIRI director David Zaslav report in this Form 4 filing?
David Zaslav reported receiving 83 additional shares of Sirius XM common stock through a restricted stock unit adjustment. The award was granted at $0.00 per share and increased his direct holdings to 28,630 shares following the transaction.
Why did David Zaslav receive 83 additional Sirius XM (SIRI) restricted stock units?
He received 83 additional restricted stock units because Sirius XM paid a $0.27 per share cash dividend on its common stock. Under his RSU agreement, cash dividends generate extra units, which follow the same vesting and settlement conditions as the original RSUs.
What dividend did Sirius XM (SIRI) pay that triggered the extra RSUs?
Sirius XM paid a $0.27 per share cash dividend on its outstanding common stock on May 27, 2026. The dividend was payable to all holders of common stock on the May 11, 2026 record date, including shares underlying restricted stock units.
Are the new Sirius XM (SIRI) restricted stock units immediately vested for David Zaslav?
No. The additional restricted stock units are subject to the same vesting and settlement conditions as the underlying RSUs. They were credited due to the $0.27 per share cash dividend but will follow the original award’s vesting schedule.