Dividend grants 104 extra Sirius XM (SIRI) shares to director Kristina Salen
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sirius XM Holdings Inc. director Kristina Salen reported an automatic stock award linked to a cash dividend. On February 27, 2026, Sirius XM paid a cash dividend of $0.27 per share to holders of its common stock of record on February 11, 2026.
Under the terms of her outstanding restricted stock units, Salen received an additional grant of 104 shares of common stock at no cost, recorded as a grant or award acquisition. Following this adjustment, she directly holds 20,171 shares, and the new units carry the same vesting and settlement conditions as the original awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Salen Kristina
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,171 shares (Direct)
Footnotes (1)
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FAQ
What did SIRI director Kristina Salen report in this Form 4 filing?
Kristina Salen reported an acquisition of 104 additional Sirius XM common shares. These shares arose automatically from her existing restricted stock units in connection with a cash dividend and are subject to the same vesting and settlement conditions as the underlying awards.
Why did Kristina Salen receive 104 additional SIRI restricted stock units?
She received 104 additional units due to a cash dividend paid by Sirius XM. The governing agreement for her restricted stock units provides for dividend-equivalent units, so the cash dividend triggered an automatic grant tied to her existing awards.
What dividend did Sirius XM (SIRI) pay that led to this Form 4 transaction?
Sirius XM paid a cash dividend of $0.27 per share on February 27, 2026. The dividend applied to all common shareholders of record as of February 11, 2026, and caused additional restricted stock units to be credited to Kristina Salen.
Are the new SIRI restricted stock units immediately vested for Kristina Salen?
The additional restricted stock units are not on separate terms. They are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate, following the original award’s schedule and requirements.