Sirius XM Director Michael Rapino Receives 60 RSUs

What Happened

Michael Rapino, a director of Sirius XM Holdings Inc. (SIRI), was credited with 60 restricted stock units (RSUs) on August 26, 2026. The units were recorded at an acquisition price of $0.00 (total value $0 on the Form 4) and were granted as additional RSUs tied to a company cash dividend rather than as an open‑market purchase.

Key Details

• Transaction date: 2026-08-26
• Transaction type/code: Award/Acquisition (A) — 60 RSUs at $0.00
• Filing date/accession: Filed Aug 28, 2026 (appears timely for an Aug 26 transaction)
• Shares owned after transaction: Not disclosed in the filing summary provided
• Footnote: Sirius XM paid a $0.27 per‑share cash dividend (record date Aug 10, 2026). Under the RSU agreement, Rapino received additional RSUs as a dividend equivalent; these additional units carry the same vesting and settlement terms as the underlying RSUs.

Context

These RSUs were issued as dividend equivalents (common practice) and are not an open‑market purchase or sale, so they don’t directly signal insider buying or selling intent. The additional units remain subject to the original RSU vesting and settlement conditions and therefore may not be immediately tradable.