Sirius XM CFO granted 2,621 dividend-linked RSUs
SIRIUS XM HOLDINGS INC.
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that EVP and CFO Zachary Coughlin acquired 2,621 shares of common stock on August 26, 2026 through a grant of additional restricted stock units. These units were received as an anti-dilution adjustment tied to a $0.27 per share cash dividend and remain subject to the same vesting and settlement conditions as the underlying restricted stock units. Following this award, Coughlin directly holds 299,422 shares of SIRI common stock.
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Insider Trade Summary
Grant/Award: 2,621 shares
Grant/Award
1 txn
Insider
Coughlin Zachary
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,621 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 299,422 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
Dividend per share: $0.27 per share
RSUs granted: 2,621 shares
Shares held after transaction: 299,422 shares
+1 more
4 metrics
Dividend per share
$0.27 per share
Cash dividend on outstanding common stock paid August 26, 2026
RSUs granted
2,621 shares
Additional restricted stock units granted to Zachary Coughlin on August 26, 2026
Shares held after transaction
299,422 shares
Direct ownership of Zachary Coughlin following the August 26, 2026 grant
Dividend record date
August 10, 2026
Record date for $0.27 per share cash dividend on common stock
Key Terms
restricted stock units, cash dividend, record date
3 terms
restricted stock units financial
"Pursuant to the terms of the agreement governing the outstanding restricted stock units held"
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
"paid a cash dividend of $0.27 per share on each share of its outstanding"
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 of Sirius XM's common stock on the record date"
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 Zachary Coughlin?
Zachary Coughlin, EVP and CFO, reported acquiring 2,621 shares of SIRI common stock on August 26, 2026 via a grant of additional restricted stock units related to a cash dividend. After this award, he directly holds 299,422 shares.
What dividend did SIRI (SIRIUS XM HOLDINGS INC.) pay that affected this Form 4?
On August 26, 2026, SIRIUS XM paid a $0.27 per share cash dividend on each share of its outstanding common stock to holders of record as of August 10, 2026. This dividend resulted in additional restricted stock units for Zachary Coughlin.
Are the new SIRI restricted stock units for Zachary Coughlin immediately vested?
No. The filing states the additional restricted stock units granted to Zachary Coughlin due to the dividend are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units to which they relate.
AI-generated analysis. How Rhea-AI works. Not financial advice.