Dividend adds 60 Sirius XM shares to director stake
SIRIUS XM HOLDINGS INC.
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) reported that director David Zaslav acquired 60 shares of common stock on August 26, 2026 through a grant/award transaction tied to existing restricted stock units. Following this award, he holds 35,465 shares directly. The award arose because on August 26, 2026 Sirius XM paid a $0.27 per share cash dividend on its outstanding common stock to holders of record as of August 10, 2026, generating additional restricted stock units subject to the same vesting and settlement terms as the underlying units.
Positive
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Insider Trade Summary
Grant/Award: 60 shares
Grant/Award
1 txn
Insider
Zaslav David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 35,465 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
Shares acquired: 60 shares of Common Stock
Holdings after transaction: 35,465 shares of Common Stock
Cash dividend per share: $0.27 per share
+2 more
5 metrics
Shares acquired
60 shares of Common Stock
Grant/award acquisition on August 26, 2026
Holdings after transaction
35,465 shares of Common Stock
Direct ownership following August 26, 2026 award
Cash dividend per share
$0.27 per share
Dividend paid on August 26, 2026 on outstanding common stock
Dividend record date
August 10, 2026
Record date for holders eligible to receive the $0.27 dividend
Transaction price per share
$0.00 per share
Reported price on 60-share grant/award acquisition
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 certain additional restricted stock units"
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"
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, 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 director David Zaslav report on this Form 4?
David Zaslav reported an acquisition of 60 shares of SIRIUS XM common stock on August 26, 2026, described as a grant or award connected to existing restricted stock units. The transaction carried a reported per-share price of $0.00 as it was an equity award, not a market purchase.
What dividend did SIRIUS XM (SIRI) pay that led to additional restricted stock units?
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 on August 10, 2026. Under Zaslav’s restricted stock unit agreement, this dividend resulted in additional restricted stock units.
Why did David Zaslav receive additional restricted stock units in SIRI?
Under the terms of his restricted stock unit agreement, David Zaslav received additional restricted stock units as a result of SIRIUS XM’s $0.27 per share cash dividend paid on August 26, 2026. These additional units are subject to the same vesting and settlement conditions as the original units.
Are the new SIRI restricted stock units granted to David Zaslav immediately vested?
No. The filing states that the additional restricted stock units received due to the $0.27 per share cash 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.
