Director Eddy Hartenstein (SIRI) receives 6,775 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director Eddy W. Hartenstein reported a compensation-related equity award. He was granted 6,775 restricted stock units tied to Common Stock at a stated price of $0.00 per share, classified as a grant or award acquisition.
The restricted stock units will vest on May 29, 2027, meaning the shares become fully owned at that time if conditions are met. Following this award, Hartenstein directly owns 21,656 shares of Common Stock and indirectly owns 22,236 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARTENSTEIN EDDY W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,775 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,656 shares (Direct, null);
Common Stock — 22,236 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 6,775 units
Grant price: $0.00 per share
Direct holdings after grant: 21,656 shares
+2 more
5 metrics
RSU grant size
6,775 units
Restricted stock units granted May 29, 2026
Grant price
$0.00 per share
Stated price for RSU-related Common Stock
Direct holdings after grant
21,656 shares
Common Stock directly owned after transactions
Indirect holdings by trust
22,236 shares
Common Stock indirectly owned through a trust
RSU vesting date
May 29, 2027
Vesting date for the 6,775 restricted stock units
Key Terms
Restricted Stock Units, Grant, award, or other acquisition, Common Stock, indirect, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units will vest on May 29, 2027."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect financial
"ownership_type: indirect"
By Trust financial
"nature_of_ownership: By Trust"
FAQ
What insider transaction did SIRI director Eddy Hartenstein report on this Form 4?
Director Eddy W. Hartenstein reported an equity compensation grant of 6,775 restricted stock units tied to Sirius XM common stock at a stated price of $0.00 per share, classified as a grant or award acquisition rather than an open-market stock purchase.
When do Eddy Hartenstein’s newly granted SIRI restricted stock units vest?
The 6,775 restricted stock units granted to Eddy Hartenstein will vest on May 29, 2027. Vesting means the award converts into fully owned shares at that date, assuming any service or other conditions associated with the grant are satisfied.
Was Eddy Hartenstein’s SIRI Form 4 transaction a market buy or sell?
The Form 4 shows no open-market buy or sell by Eddy Hartenstein. Instead, it records a compensation-related grant of 6,775 restricted stock units at $0.00 per share, coded as an award acquisition, along with an updated indirect holding entry by a trust.
What does the indirect SIRI ownership by trust mean for Eddy Hartenstein?
The filing reports 22,236 Sirius XM shares held indirectly by a trust for Eddy Hartenstein. Indirect ownership indicates the shares are registered in the name of a trust rather than in his own name, while still being attributed to him for reporting purposes.