Sirius XM director granted 60 dividend-linked shares
SIRIUS XM HOLDINGS INC.
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Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that director Michael Rapino acquired 60 shares of common stock on August 26, 2026 through a grant of additional restricted stock units. These units were credited as a result of a $0.27 per share cash dividend paid on Sirius XM common stock and are subject to the same vesting and settlement conditions as the underlying restricted stock units. Following this award, Rapino directly holds 41,136 shares of common stock.
Insider Trade Summary
Grant/Award: 60 shares
Grant/Award
1 txn
Insider
Rapino Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 41,136 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: 60 shares of Common Stock
Shares owned after transaction: 41,136 shares of Common Stock
Cash dividend per share: $0.27 per share
+2 more
5 metrics
Shares acquired
60 shares of Common Stock
Grant/award acquisition on August 26, 2026
Shares owned after transaction
41,136 shares of Common Stock
Direct ownership following the August 26, 2026 grant
Cash dividend per share
$0.27 per share
Dividend on each outstanding share of Sirius XM common stock on August 26, 2026
Dividend payment date
August 26, 2026
Date Sirius XM paid the $0.27 per share cash dividend
Dividend record date
August 10, 2026
Holders of record on this date were entitled to the 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
"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"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SIRI (SIRIUS XM HOLDINGS INC.) report for Michael Rapino?
Michael Rapino received a grant of 60 shares of Sirius XM common stock on August 26, 2026, issued as additional restricted stock units credited due to a cash dividend, and held directly after the transaction.
Why did Michael Rapino receive additional restricted stock units from SIRI?
He received additional restricted stock units because Sirius XM paid a $0.27 per share cash dividend on its outstanding common stock, and under the governing agreement his existing restricted stock units were credited with additional units tied to that dividend.
What is Michael Rapino’s total direct ownership in SIRI after this Form 4 transaction?
After the reported grant, Michael Rapino directly holds 41,136 shares of Sirius XM Holdings Inc. common stock, as disclosed in the Form 4 filing.
When did SIRI pay the cash dividend that generated these additional restricted stock units?
Sirius XM paid the cash dividend on August 26, 2026. The dividend of $0.27 per share was payable to all holders of its common stock of record on August 10, 2026.
Are the additional restricted stock units reported by SIRI immediately vested?
No. The filing states the additional restricted stock units received by Michael Rapino are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate.
AI-generated analysis. How Rhea-AI works. Not financial advice.
