Salen Kristina 4
Research Summary
AI-generated summary
Sirius XM Director Kristina Salen Receives 83 RSUs
What Happened
Kristina Salen, a director of Sirius XM Holdings Inc. (SIRI), was awarded 83 additional restricted stock units (RSUs) on May 27, 2026. The units were issued at $0.00 per share as an adjustment tied to a cash dividend and are reported on Form 4 under transaction code "A" (award/grant). Because these are dividend-adjustment RSUs, no cash was paid by the insider.
Key Details
- Transaction date: May 27, 2026; Form 4 filed May 28, 2026 (appears to be a timely filing).
- Shares/units received: 83 RSUs; purchase price reported: $0.00.
- Transaction code: A (award/grant).
- Footnote: Sirius XM paid a $0.27 per-share cash dividend on May 27, 2026; under the RSU agreement the filer received additional RSUs as a result (footnote F1). These additional units are subject to the same vesting and settlement terms as the underlying RSUs.
- Shares owned after the transaction: not specified in the disclosed transaction details.
Context
These RSUs are an administrative dividend adjustment (not a market purchase or sale) and do not necessarily signal insider buying or selling intent. The additional units remain subject to the original vesting and settlement restrictions, so their economic value to the insider depends on those future vesting events.