Sirius XM (SIRI) content chief sells 20,744 shares, retains holdings
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. Pres. & Chief Content Officer Scott Greenstein reported several transactions in the company’s common stock. He sold 20,744 shares in an open-market transaction at a weighted average price of $29.8286 per share, with individual prices ranging from $29.67 to $29.96.
Separate from the sale, 10,137 shares on May 26 and 105 shares on May 27 were surrendered to the company to cover withholding taxes upon the vesting of restricted stock units and related dividends. He also acquired 408 additional restricted stock units as a result of a $0.27 per-share cash dividend paid on May 27, 2026. Following these transactions, he holds 40,604 shares directly and 8,989 shares indirectly through a 401(k) plan.
Positive
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Insider Trade Summary
Net Seller: 30,578 shares
Net Sell
5 txns
Insider
Greenstein Scott Andrew
Role
Pres. & Chief Content Officer
Sold
20,744 shs ($619K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 408 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 105 | $29.63 | $3K |
| Sale | Common Stock | 20,744 | $29.8286 | $619K |
| Exercise Price or Tax Liability | Common Stock | 10,137 | $28.89 | $293K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,163 shares (Direct);
Common Stock — 8,989 shares (Indirect, By 401(k) Plan)
Footnotes (3)
- F1. Represents the surrender of common stock to the Company to cover withholding taxes upon the vesting of restricted stock units and related dividends.
- F2. On May 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, May 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.
- F3. Represents the weighted average sales price for the price increments ranging from $29.67 to $29.96. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Open-market sale: 20,744 shares at $29.8286/share
Tax-withholding disposition 1: 10,137 shares at $28.89/share
Tax-withholding disposition 2: 105 shares at $29.63/share
+4 more
7 metrics
Open-market sale
20,744 shares at $29.8286/share
Common stock sale with prices from $29.67 to $29.96
Tax-withholding disposition 1
10,137 shares at $28.89/share
Shares surrendered to cover RSU-related withholding taxes on May 26, 2026
Tax-withholding disposition 2
105 shares at $29.63/share
Additional shares surrendered to cover RSU-related withholding taxes on May 27, 2026
RSU grant from dividend
408 units
Additional restricted stock units credited due to $0.27 cash dividend
Cash dividend
$0.27 per share
Dividend paid on May 27, 2026 to holders of record May 11, 2026
Direct holdings after transactions
40,604 shares
Sirius XM common stock held directly by Scott Greenstein
Indirect holdings after transactions
8,989 shares
Common stock held indirectly by 401(k) plan
Key Terms
tax-withholding disposition, restricted stock units, weighted average sales price, 401(k) Plan, +1 more
5 terms
tax-withholding disposition financial
"Represents the surrender of common stock to the Company to cover withholding taxes upon the vesting of restricted stock units and related dividends."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock units financial
"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."
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.
weighted average sales price financial
"Represents the weighted average sales price for the price increments ranging from $29.67 to $29.96."
401(k) Plan financial
"Common Stock, transaction_type holding, nature_of_ownership By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
cash dividend financial
"Sirius XM Holdings Inc. paid a cash dividend of $0.27 per share on each share of its outstanding common stock."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did SIRI (SIRIUS XM) report for Scott Greenstein?
Scott Greenstein reported an open-market sale of 20,744 Sirius XM common shares, two tax-withholding share surrenders, and an acquisition of 408 restricted stock units tied to a recent cash dividend, along with updates to his direct and 401(k) plan holdings.
What tax-withholding transactions were disclosed for SIRI executive Scott Greenstein?
The filing shows tax-withholding dispositions of 10,137 shares on May 26 and 105 shares on May 27. These shares were surrendered back to Sirius XM to cover withholding taxes upon the vesting of restricted stock units and related dividend equivalents.
Why did Scott Greenstein receive 408 additional restricted stock units from Sirius XM?
He received 408 additional restricted stock units due to Sirius XM’s $0.27 per-share cash dividend paid on May 27, 2026. Under the RSU agreement, cash dividends generate additional units subject to the same vesting and settlement conditions as the original awards.
What dividend information about SIRIUS XM is included in this Form 4?
Sirius XM paid a cash dividend of $0.27 per share on May 27, 2026, to holders of record on May 11, 2026. This dividend triggered the issuance of additional restricted stock units to Scott Greenstein under the terms of his RSU agreements.