Thorsen Wayne 4

What Happened

• Thorsen Wayne, Chief Operating Officer of Sirius XM Holdings Inc. (SIRI), was issued 1,871 restricted stock units (reported as an award/acquisition) on May 27, 2026. The filing reports an acquisition price of $0.00 per unit (total reported value $0).
• These additional RSUs were issued as dividend equivalents following Sirius XM’s $0.27-per-share cash dividend paid May 27, 2026, and they remain subject to the same vesting and settlement conditions as the underlying restricted stock units.

Key Details

• Transaction date: 2026-05-27. Filing date / report filed: 2026-05-28. (Period of report: 2026-05-27)
• Transaction type/code: Award/Grant (code A). Price reported: $0.00 per share; reported acquisition = 1,871 units.
• Shares/units owned after transaction: Not specified in the provided filing.
• Footnote: The RSUs were issued as a result of the $0.27 per-share cash dividend (record date May 11, 2026) and carry the same vesting/settlement terms as the related underlying RSUs.
• Timeliness: Filing appears timely (filed the day after the transaction); no late filing indicated.

Context

• These units are dividend-equivalent RSUs issued to preserve the economic value of outstanding restricted stock units when a cash dividend is paid. They are corporate compensation adjustments, not open-market purchases or sales, and therefore do not by themselves indicate insider buying or selling intent.
• Future vesting or settlement of these RSUs may create taxable events or tax-withholding obligations per the plan terms.