Dividend grant gives Sirius XM (SIRI) CEO 2,048 new shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sirius XM Holdings CEO Jennifer C. Witz reported an acquisition of 2,048 shares of common stock at no cost on February 27, 2026. This reflects a grant/award tied to existing equity arrangements rather than an open‑market purchase.
The filing notes that Sirius XM paid a cash dividend of $0.27 per share on February 27, 2026, to holders of record on February 11, 2026. Under the terms of her restricted stock unit agreements, Witz received additional units due to this dividend, subject to the same vesting and settlement conditions. Following the award, she directly holds 378,958 shares and indirectly holds 1,333 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Witz Jennifer C
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,048 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 378,958 shares (Direct);
Common Stock — 1,333 shares (Indirect, By 401(k) Plan)
Footnotes (1)
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FAQ
What did Sirius XM (SIRI) CEO Jennifer Witz report in this Form 4?
Jennifer Witz reported receiving 2,048 shares of Sirius XM common stock at no cost as a grant or award. The transaction reflects additional equity credited under existing restricted stock unit agreements rather than an open‑market purchase or sale.
Why did Jennifer Witz receive additional equity tied to a Sirius XM (SIRI) dividend?
Sirius XM paid a $0.27 per share cash dividend on February 27, 2026, to holders of record on February 11, 2026. Under her restricted stock unit agreements, this dividend resulted in additional units being credited, subject to the same vesting and settlement terms.
Was Jennifer Witz’s Sirius XM (SIRI) Form 4 transaction a market buy or sell?
The Form 4 shows a grant or award acquisition of 2,048 shares at a price of $0.00 per share. It is recorded as an equity award related to existing arrangements, not as an open‑market purchase or sale of Sirius XM stock.
What were the record and payment dates for the Sirius XM (SIRI) $0.27 dividend?
Sirius XM’s cash dividend of $0.27 per share was paid on February 27, 2026. The dividend was payable to all holders of Sirius XM common stock who were shareholders of record on February 11, 2026, as stated in the disclosure.
Are the additional equity units Jennifer Witz received in Sirius XM (SIRI) fully vested?
The additional units granted to Jennifer Witz due to the dividend are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units. They do not vest immediately but follow the original award’s schedule and terms.