Sirius XM director granted 60 dividend RSUs
SIRIUS XM HOLDINGS INC.
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that director Kristina Salen acquired 60 shares of common stock on August 26, 2026 through a grant of additional restricted stock units. These units were issued as dividend equivalents following a $0.27 per share cash dividend paid on Sirius XM common stock to holders of record on August 10, 2026. After this award, Salen directly holds 22,992 shares, and the new units remain subject to the same vesting and settlement conditions as the underlying restricted stock units.
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Insider Trade Summary
Grant/Award: 60 shares
Grant/Award
1 txn
Insider
Salen Kristina
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 22,992 shares (Direct)
Footnotes (1)
- F1. On August 26, 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, August 10, 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.
Key Figures
Shares acquired via RSU dividend equivalent: 60 shares of Common Stock
Shares owned after transaction: 22,992 shares of Common Stock
Cash dividend per share: $0.27 per share
+2 more
5 metrics
Shares acquired via RSU dividend equivalent
60 shares of Common Stock
Grant/award acquisition on August 26, 2026
Shares owned after transaction
22,992 shares of Common Stock
Direct ownership following August 26, 2026 RSU grant
Cash dividend per share
$0.27 per share
Dividend paid on August 26, 2026 on outstanding common stock
Dividend record date
August 10, 2026
Record date for holders eligible for the $0.27 per share dividend
Dividend payment date
August 26, 2026
Date Sirius XM paid the $0.27 per share cash dividend
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"
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"
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 ... on the record date, August 10, 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 insider transaction did SIRI (SIRIUS XM HOLDINGS INC.) report for Kristina Salen?
Kristina Salen reported an acquisition of 60 shares of Sirius XM common stock on August 26, 2026, received as additional restricted stock units linked to a cash dividend. These units are subject to the same vesting and settlement terms as her underlying restricted stock units.
Why did Kristina Salen receive additional restricted stock units in SIRI?
She received the additional 60 restricted stock units because Sirius XM paid a $0.27 per share cash dividend on August 26, 2026. Under the governing agreement for her restricted stock units, cash dividends result in additional units with identical vesting and settlement conditions.
What dividend did SIRI pay that led to this Form 4 transaction?
Sirius XM paid a cash dividend of $0.27 per share on its outstanding common stock on August 26, 2026. The dividend was payable to all holders of common stock as of the record date August 10, 2026, and triggered additional restricted stock units for the filer.
AI-generated analysis. How Rhea-AI works. Not financial advice.