Sirius XM director gets 60 RSUs from dividend
SIRIUS XM HOLDINGS INC.
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that director Gregory B. Maffei acquired 60 shares of common stock in the form of additional restricted stock units on August 26, 2026. These units were credited as an adjustment for a $0.27 per share cash dividend and remain subject to the same vesting and settlement conditions as the underlying awards, bringing his directly held stake to 5,385,099 shares.
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Insider Trade Summary
Grant/Award: 60 shares
Grant/Award
1 txn
Insider
MAFFEI GREGORY B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 5,385,099 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
Restricted stock units acquired: 60 shares
Cash dividend per share: $0.27 per share
Total shares following transaction: 5,385,099 shares
+1 more
4 metrics
Restricted stock units acquired
60 shares
Additional RSUs credited on August 26, 2026 as dividend adjustment
Cash dividend per share
$0.27 per share
Dividend on SIRIUS XM common stock paid August 26, 2026
Total shares following transaction
5,385,099 shares
Direct holdings of Gregory B. Maffei after RSU adjustment
Dividend record date
August 10, 2026
Record date for $0.27 per share cash dividend
Key Terms
restricted stock units, cash dividend, record date
3 terms
restricted stock units financial
"outstanding restricted stock units held by the filer, the filer received"
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 ... on the record date, August 10, 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.
FAQ
What insider transaction did SIRI (SIRIUS XM HOLDINGS INC.) report for Gregory B. Maffei?
Gregory B. Maffei reported an acquisition of 60 additional restricted stock units of SIRI common stock on August 26, 2026, increasing his directly held position to 5,385,099 shares.
Why did Gregory B. Maffei receive additional restricted stock units in SIRI?
He received the additional 60 restricted stock units because SIRIUS XM paid a cash dividend of $0.27 per share on August 26, 2026, and the governing RSU agreement granted extra units as an adjustment for that dividend.
What dividend did SIRI pay that led to this Form 4 adjustment?
SIRIUS XM paid a $0.27 per share cash dividend on its outstanding common stock on August 26, 2026, to stockholders of record as of August 10, 2026, which triggered additional restricted stock units for the filer.
Are the new SIRI restricted stock units subject to vesting conditions?
Yes. The additional 60 restricted stock units credited to Gregory B. Maffei 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.