Sirius XM (SIRI) director Jonelle Procope granted 83 dividend-linked shares
Rhea-AI Filing Summary
Procope Jonelle reported acquisition or exercise transactions in this Form 4 filing.
SIRIUS XM HOLDINGS INC. director Jonelle Procope received an award of 83 shares of common stock as a grant tied to existing restricted stock units, following a $0.27 per-share cash dividend paid on May 27, 2026. After this award, Procope directly holds 28,251 shares of Sirius XM common stock.
Positive
- None.
Negative
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Insights
Small, routine RSU-related share award with neutral signal.
Director Jonelle Procope received 83 additional Sirius XM shares as part of a restricted stock unit adjustment after a $0.27 per-share cash dividend on May 27, 2026. The award reflects standard dividend-equivalent treatment on unvested equity.
The filing shows Procope now directly holds 28,251 shares, indicating this grant is minor relative to the existing position. Because the transaction is a compensation-related grant at no purchase price, rather than an open-market trade, it carries limited informational value about sentiment.
Insider Trade Summary
Net Buyer: 83 shares
Net Buy
1 txn
Insider
Procope Jonelle
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 28,251 shares (Direct)
Footnotes (1)
- F1. On May 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, May 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.
Key Figures
Dividend per share: $0.27 per share
Shares granted: 83 shares
Post-transaction holdings: 28,251 shares
+2 more
5 metrics
Dividend per share
$0.27 per share
Cash dividend paid May 27, 2026 on common stock
Shares granted
83 shares
Additional shares from RSU adjustment related to dividend
Post-transaction holdings
28,251 shares
Common stock directly held by Jonelle Procope after award
Grant price
$0.00 per share
Equity award issued at no purchase price
Transaction date
May 27, 2026
Date of Form 4-reported acquisition
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SIRI director Jonelle Procope report in this Form 4?
Jonelle Procope reported receiving 83 shares of Sirius XM common stock as an equity grant. These shares arose from adjustments to her restricted stock units following a cash dividend and increased her direct holdings to 28,251 shares of SIRI common stock.
Was Jonelle Procope’s SIRI Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant or award acquisition, not an open-market purchase. The 83 shares were issued at a price of $0.00 per share as additional restricted stock units tied to a cash dividend, rather than being bought on the open market.
What does transaction code "A" mean in Jonelle Procope’s SIRI filing?
Transaction code "A" indicates a grant, award, or other acquisition of securities. In this case, it reflects 83 shares issued to Procope as additional restricted stock units, created by the company’s $0.27 per-share cash dividend and subject to existing vesting conditions.
How is the $0.27 SIRI dividend connected to the new RSUs for Jonelle Procope?
Sirius XM paid a cash dividend of $0.27 per share on May 27, 2026 to all common shareholders of record on May 11, 2026. Under Procope’s RSU agreement, that dividend generated additional restricted stock units with the same vesting and settlement terms as her underlying RSUs.