Procope Jonelle 4

What Happened
Jonelle Procope, a director of Sirius XM Holdings Inc. (SIRI), was credited with 104 additional restricted stock units (RSUs) on February 27, 2026. The filing reports the acquisition as 104 shares at $0.00 (award/grant code A). This was not an open-market purchase or sale—rather an issuance of dividend-equivalent RSUs tied to existing restricted stock units.

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-02. The report does not indicate a late-filing flag.
• Transaction type/code: Award/Grant (A) — 104 RSUs @ $0.00; reported acquisition value $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Sirius XM paid a $0.27 cash dividend per share payable to holders of record on Feb 11, 2026. Under the terms of the filer’s RSU agreement, the filer received additional RSUs as dividend equivalents; these additional units are subject to the same vesting and settlement conditions as the underlying RSUs (see footnote F1).
• No 10b5-1 plan, tax-withholding sale, or option exercise is reported.

Context
These additional RSUs are dividend-equivalent adjustments to existing restricted stock awards and are common corporate compensation mechanics; they are not discretionary open-market purchases or sales and therefore do not directly signal insider buying or selling intent. The new units remain subject to the original RSU vesting and settlement terms.