Sirius XM (SIRI) director Anjali Sud awarded 104 dividend RSUs
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. director Anjali Sud reported an acquisition of common stock through an equity award. On February 27, 2026, Sirius XM paid a cash dividend of $0.27 per share on its outstanding common stock, and under the terms of her existing restricted stock unit agreement she received an additional 104 restricted stock units at no cost as a dividend equivalent. These additional units carry the same vesting and settlement conditions as the underlying restricted stock units, bringing her directly held total to 9,286 shares or units after the transaction.
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Insider Trade Summary
Net Buyer: 104 shares
Net Buy
1 txn
Insider
Sud Anjali
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 104 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,286 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 insider transaction did Anjali Sud report for SIRI on February 27, 2026?
Anjali Sud reported acquiring 104 restricted stock units of SIRIUS XM common stock on February 27, 2026. These units were granted as a dividend-equivalent award tied to existing restricted stock units following the company’s $0.27 per share cash dividend.
Why did Anjali Sud receive 104 additional restricted stock units in SIRI stock?
She received 104 additional restricted stock units because her equity award agreement provides for dividend-equivalent units. When Sirius XM paid a $0.27 per share cash dividend on February 27, 2026, her outstanding restricted stock units were adjusted with additional units on the same vesting terms.
Are the new SIRI restricted stock units immediately vested for Anjali Sud?
The new restricted stock units are not described as immediately vested. The footnote states the 104 additional units are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate under her existing equity agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.