Sirius XM director gains 60 shares from dividend
SIRIUS XM HOLDINGS INC.
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that director Dave Stephenson received an automatic equity adjustment linked to a recent dividend. On August 26, 2026, he acquired 60 shares of common stock in the form of additional restricted stock units, bringing his directly held common stock (including RSU-related shares) to 12,737 shares. These additional units arose from a $0.27 per-share cash dividend paid on Sirius XM’s outstanding common stock and are subject to the same vesting and settlement conditions as the underlying restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 60 shares
Grant/Award
1 txn
Insider
Stephenson Dave
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 12,737 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
Cash dividend per share: $0.27 per share
Shares acquired: 60 shares
Total shares following transaction: 12,737 shares
+2 more
5 metrics
Cash dividend per share
$0.27 per share
Cash dividend on each share of outstanding common stock paid August 26, 2026
Shares acquired
60 shares
Additional restricted stock units granted to the reporting person on August 26, 2026
Total shares following transaction
12,737 shares
Common stock holdings of the reporting person after the August 26, 2026 grant
Dividend record date
August 10, 2026
Record date for holders eligible to receive the $0.27 per-share cash 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 held"
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 of Sirius XM's common stock on the record date"
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 transaction did director Dave Stephenson report in this Form 4 for SIRI?
Dave Stephenson reported an acquisition of 60 shares of SIRIUS XM common stock on August 26, 2026, received as additional restricted stock units linked to a dividend on existing RSUs. His holdings after the transaction totaled 12,737 shares of common stock.
Why did Dave Stephenson receive additional restricted stock units in SIRI?
He received the additional 60 restricted stock units because Sirius XM paid a $0.27 per-share cash dividend on August 26, 2026. Under the agreement governing his outstanding RSUs, cash dividends result in additional RSUs subject to the same vesting and settlement terms.
What dividend did SIRIUS XM (SIRI) pay that led to this Form 4 adjustment?
SIRIUS XM paid a $0.27 per-share cash dividend on each share of its outstanding common stock on August 26, 2026, to stockholders of record as of August 10, 2026. This dividend triggered the grant of additional restricted stock units to the reporting person.
Was Dave Stephenson’s SIRI Form 4 transaction part of a 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote explains the transaction as an automatic grant of additional restricted stock units due to a cash dividend, rather than trades executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
