Director Michael Rapino receives 6,775 RSUs at Sirius XM (SIRI) in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rapino Michael reported acquisition or exercise transactions in this Form 4 filing.
SIRIUS XM HOLDINGS INC. director Michael Rapino received a grant of 6,775 shares of Common Stock as a stock award. These Restricted Stock Units will vest on May 29, 2027. Following this award, he directly holds a total of 41,076 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rapino Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,775 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,076 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 6,775 shares
Grant price per share: $0.00 per share
Total holdings after grant: 41,076 shares
+1 more
4 metrics
RSU grant size
6,775 shares
Grant of Common Stock on May 29, 2026
Grant price per share
$0.00 per share
Reported transaction price for RSU award
Total holdings after grant
41,076 shares
Directly owned Common Stock following transaction
RSU vesting date
May 29, 2027
Restricted Stock Units vesting date per footnote
Key Terms
Restricted Stock Units, Form 4, grant/award acquisition
3 terms
Restricted Stock Units financial
"Restricted Stock Units will vest on May 29, 2027."
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
FAQ
What did Michael Rapino acquire in this SIRI Form 4 filing?
Michael Rapino received a grant of 6,775 shares of Sirius XM Common Stock as a stock award. The shares are in the form of Restricted Stock Units, which provide equity-based compensation rather than an open-market purchase of stock.
When do Michael Rapino’s SIRI Restricted Stock Units vest?
The Restricted Stock Units granted to Michael Rapino will vest on May 29, 2027. Vesting means the units convert into freely owned shares if he satisfies any continued service or other conditions through that date.
Was Michael Rapino’s SIRI stock transaction a market purchase or sale?
The transaction was a grant or award acquisition, not a market purchase or sale. He received 6,775 Restricted Stock Units at a reported price of $0.00 per share as part of equity compensation rather than trading on the open market.
What does transaction code "A" indicate in this SIRI Form 4?
Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects the award of 6,775 Restricted Stock Units of Sirius XM Common Stock to director Michael Rapino as equity compensation.