Witz Jennifer C 4
Research Summary
AI-generated summary
Sirius XM CEO Jennifer Witz Receives Award
What Happened
- Jennifer C. Witz, CEO and Director of Sirius XM Holdings Inc. (SIRI), was granted 134,609 shares via a performance-based restricted stock unit (RSU) award on February 5, 2026. The Form 4 reports the acquisition price as $0.00 because these units are a compensation award rather than an open-market purchase.
Key Details
- Transaction date: 2026-02-05; filing date: 2026-02-06 (Form 4 accession 0001225208-26-001423).
- Reported transaction: Grant/Award (code A) of 134,609 RSUs at $0.00.
- Shares owned after the transaction: not specified in the information provided on this filing.
- Footnote: These represent shares underlying a 2024 grant of performance-based RSUs (including related dividend equivalent units). Vesting is subject to satisfaction of performance criteria and the reporting person’s continued employment; vesting date noted as December 31, 2026.
- Timeliness: Filing covers the 2/5/2026 transaction and was filed on 2/6/2026 (no late filing indicated).
Context
- This was a compensation grant—not a purchase or sale—so it reflects executive pay structure rather than an immediate statement of market confidence. The RSUs are contingent on future performance and continued employment; they do not convert into tradable shares until vested.