Sirius XM (SIRI) Director Evan Malone Receives 104 RSUs

What Happened
Evan Malone (Director) received 104 additional restricted stock units (reported as 104 shares acquired at $0.00) on February 27, 2026. The units were granted as dividend equivalents tied to a cash dividend and are subject to the same vesting and settlement terms as the underlying restricted stock units — this was not a market purchase or sale.

Key Details

• Transaction date: 2026-02-27; Filing date (Form 4): 2026-03-02 (timely filing).
• Transaction type/code: Award/Grant (A).
• Amount: 104 restricted stock units acquired at $0.00 (total cash paid = $0).
• Footnote: Sirius XM paid a $0.27 per-share cash dividend payable Feb 27, 2026 (record date Feb 11, 2026); under the RSU agreement the filer received additional RSUs as a result of that dividend and those additional units carry the same vesting/settlement conditions.
• Shares owned after the transaction: not specified in the information provided.

Context

• These additional units are dividend equivalents credited to existing RSUs — a routine administrative adjustment rather than an open-market investment decision.
• For retail investors, note that awards and dividend-equivalent RSUs do not directly signal insider buying or selling intent; they reflect compensation plan mechanics.