SIRIUS XM Director Eddy W. Hartenstein Receives 60-Share Award

What Happened

• Eddy W. Hartenstein, a director of Sirius XM Holdings Inc. (SIRI), received an award of 60 shares (reported as 60 restricted stock units) on August 26, 2026. The Form 4 lists the acquisition price as $0.00, reflecting that these were granted/issued rather than purchased for cash.
• This issuance arose from Sirius XM’s $0.27 per-share cash dividend paid August 26, 2026; the company issued additional restricted stock units to holders of outstanding RSUs in lieu of cash on that dividend. The additional units are subject to the same vesting and settlement conditions as the underlying awards.

Key Details

• Transaction date: 2026-08-26; Filing date: 2026-08-28 (timely filing).
• Transaction type/code: Award/Grant (A); amount: 60 shares; reported price: $0.00.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: The extra RSUs were issued due to the company’s cash dividend (record date Aug 10, 2026) and carry the same vesting/settlement terms as the underlying RSUs.
• Not a 10b5-1 trade, exercise, sale, or open-market purchase — this is a dividend-related issuance.

Context

• This is a non-cash, routine issuance tied to a dividend treatment for outstanding restricted stock units. It does not indicate an open-market purchase (which some investors view as a bullish signal) or a sale by the insider.
• Because the units are subject to existing vesting rules, they may not be immediately transferable or saleable by the insider.