Sirius XM director awarded 104 dividend-linked shares
Sirius XM Holdings Inc. director Kristina Salen reported an automatic stock award linked to a cash dividend.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104 | $0.00 | $0.00 |
Footnotes (1)
- F1. On February 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, February 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SIRI director Kristina Salen report in this Form 4 filing?
Why did Kristina Salen receive 104 additional SIRI restricted stock units?
What dividend did Sirius XM (SIRI) pay that led to this Form 4 transaction?
Are the new SIRI restricted stock units immediately vested for Kristina Salen?
AI-generated analysis. How Rhea-AI works. Not financial advice.