Sirius XM (SIRI) CEO Witz receives 1,635 share award after $0.27 dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. CEO Jennifer C. Witz reported an acquisition of common stock tied to her equity compensation. On May 27, 2026, she received 1,635 shares of common stock at $0.00 per share as a grant or award, increasing her direct holdings to 380,593 shares. She also reports 1,392 shares held indirectly through a 401(k) plan.
The footnote explains that on May 27, 2026, Sirius XM paid a $0.27 per-share cash dividend to stockholders of record as of May 11, 2026. Under the terms of her restricted stock units, this dividend generated additional RSUs that are subject to the same vesting and settlement conditions as the underlying awards, and the Form 4 reflects the related share increase.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Witz Jennifer C
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,635 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 380,593 shares (Direct, null);
Common Stock — 1,392 shares (Indirect, By 401(k) Plan)
Footnotes (1)
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Key Figures
Shares acquired: 1,635 shares
Direct holdings after transaction: 380,593 shares
Indirect holdings: 1,392 shares
+3 more
6 metrics
Shares acquired
1,635 shares
Common stock grant/award on May 27, 2026 at $0.00 per share
Direct holdings after transaction
380,593 shares
Common stock directly owned by CEO after award
Indirect holdings
1,392 shares
Common stock held via 401(k) Plan
Cash dividend per share
$0.27 per share
Dividend paid on outstanding common stock on May 27, 2026
Dividend payment date
May 27, 2026
Date cash dividend of $0.27 per share was paid
Dividend record date
May 11, 2026
Shareholders of record eligible for $0.27 dividend
Key Terms
restricted stock units, cash dividend, record date, 401(k) Plan
4 terms
restricted stock units financial
"Pursuant to the terms of the agreement governing the outstanding restricted stock units held by the filer"
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
"Sirius XM Holdings Inc. paid a cash dividend of $0.27 per 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, May 11, 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.
401(k) Plan financial
"total_shares_following_transaction 1392.0000, nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transaction did SIRI (Sirius XM) CEO Jennifer Witz report?
Jennifer Witz reported acquiring 1,635 shares of Sirius XM common stock as a grant or award at $0.00 per share. This award increased her direct ownership to 380,593 shares, with an additional 1,392 shares held indirectly through a 401(k) plan.
Why did Jennifer Witz receive additional restricted stock units at Sirius XM (SIRI)?
She received additional restricted stock units because her existing RSUs are structured to receive dividend equivalents. When Sirius XM paid a $0.27 per-share cash dividend, the plan credited her with extra RSUs, which then translated into the reported 1,635-share award.
Are the new Sirius XM (SIRI) restricted stock units for Jennifer Witz vested?
The additional restricted stock units are subject to the same vesting and settlement conditions as the underlying RSUs. This means they follow the existing vesting schedule rather than becoming immediately unrestricted, aligning them with her prior equity awards.