Sirius XM (SIRI) CFO Coughlin gains 3,781 dividend-linked restricted stock units
Rhea-AI Filing Summary
Sirius XM Holdings executive vice president and CFO Zachary Coughlin acquired 3,781 shares of common stock on February 27, 2026 through a grant of additional restricted stock units tied to a $0.27 per share cash dividend. After this award, he directly owns 293,783 common shares.
Positive
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Insider Trade Summary
Net Buyer: 3,781 shares
Net Buy
1 txn
Insider
Coughlin Zachary
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,781 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 293,783 shares (Direct)
Footnotes (1)
- F1. On February 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, February 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.
FAQ
What insider transaction did SIRI EVP and CFO Zachary Coughlin report on this Form 4?
Zachary Coughlin reported acquiring 3,781 shares of Sirius XM common stock via a grant of additional restricted stock units. These units were issued in connection with a dividend and are subject to the same vesting and settlement conditions as the underlying restricted stock units.
Why did Zachary Coughlin receive additional restricted stock units in Sirius XM (SIRI)?
He received additional restricted stock units because Sirius XM paid a cash dividend of $0.27 per share on February 27, 2026. Under his RSU agreement, cash dividends generate extra units that mirror the underlying restricted stock units’ vesting and settlement conditions.
What was the cash dividend that triggered the additional RSUs for SIRI’s CFO?
Sirius XM paid a cash dividend of $0.27 per share on February 27, 2026 to holders of common stock of record on February 11, 2026. This dividend caused additional restricted stock units to be credited to Zachary Coughlin under his RSU agreement.
Are the new Sirius XM (SIRI) restricted stock units for Zachary Coughlin immediately vested?
The additional restricted stock units are not immediately vested; they follow the same vesting and settlement conditions as the underlying restricted stock units. They were credited due to the $0.27 cash dividend but remain subject to those existing contractual terms.
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