Sirius XM (SIRI) director gets 104 dividend-linked restricted stock units
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director Evan Daniel Malone reported an automatic acquisition of additional common stock tied to his existing equity awards. On the $0.27 per-share cash dividend paid on February 27, 2026, he received 104 additional restricted stock units at no cost, increasing his directly held common stock to 37,388 shares. These new units carry the same vesting and settlement conditions as the underlying restricted stock units. He also reports 103,056 shares held indirectly through a trust.
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Insider Trade Summary
Net Buyer: 104 shares
Net Buy
2 txns
Insider
MALONE EVAN DANIEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,388 shares (Direct);
Common Stock — 103,056 shares (Indirect, By Trust)
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 insider transaction did Evan Daniel Malone report at SIRIUS XM (SIRI)?
Evan Daniel Malone reported an automatic acquisition of 104 additional restricted stock units of SIRIUS XM common stock. The units were credited in connection with a declared cash dividend and were received at no cost under existing equity award terms.
Why did Evan Daniel Malone receive additional SIRIUS XM (SIRI) restricted stock units?
He received additional units due to Sirius XM’s $0.27 per-share cash dividend paid on February 27, 2026. Under his restricted stock unit agreement, cash dividends result in additional RSUs that mirror the vesting and settlement of the original awards.
Do the new SIRIUS XM (SIRI) restricted stock units have different vesting terms?
The additional 104 restricted stock units are subject to the same vesting and settlement conditions as the underlying restricted stock units. This means they follow the original award’s schedule rather than creating a separate vesting structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.