Form 4: SIRIUS XM Executive Patrick Donnelly Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Patrick Donnelly, EVP, General Counsel & Secretary of SIRIUS XM HOLDINGS INC., reports disposing of 5,467 shares of common stock to cover withholding taxes upon vesting of restricted stock units.
Summary
- On January 2, 2025, Patrick L Donnelly, EVP, General Counsel & Secretary of SIRIUS XM HOLDINGS INC., disposed of 5,467 shares of common stock.
- The transaction was executed to cover withholding taxes upon the vesting of restricted stock units and related dividends.
- The price per share for the disposal was $22.8.
- Following the transaction, Donnelly directly owns 51,468 shares of common stock.
- Donnelly also indirectly owns 5,778 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock-based compensation, a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock disposal transaction. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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