Sirius XM (SIRI) director awarded 104 dividend-linked RSUs
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director Jonelle Procope reported an automatic acquisition of 104 shares of common stock in the form of additional restricted stock units. These units were granted on February 27, 2026 as dividend equivalents tied to Sirius XM’s cash dividend of $0.27 per share.
The dividend was paid to all common shareholders of record on February 11, 2026, and triggered extra restricted stock units for the filer under existing award terms. After this grant, Procope beneficially owns 28,168 shares of common stock, with the new units subject to the same vesting and settlement conditions as the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 104 shares
Net Buy
1 txn
Insider
Procope Jonelle
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 28,168 shares (Direct)
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
What did Sirius XM (SIRI) director Jonelle Procope report on this Form 4?
Jonelle Procope reported receiving 104 additional restricted stock units in Sirius XM common stock. These were granted automatically as dividend equivalents and increased her beneficial ownership to 28,168 shares while keeping the same vesting and settlement terms as her original awards.
What dividend did Sirius XM (SIRI) pay that led to this Form 4 award?
Sirius XM paid a cash dividend of $0.27 per share on its outstanding common stock. The dividend was payable on February 27, 2026 to holders of record on February 11, 2026, and it caused the filer’s restricted stock units to accrue additional dividend-equivalent units.
Are the new Sirius XM (SIRI) restricted stock units immediately vested for Jonelle Procope?
No, the new restricted stock units are not immediately vested. The filing states that these dividend-equivalent units are subject to the same vesting and settlement conditions as the underlying restricted stock units, meaning they follow the existing award schedule and requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.