secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0000930413-21-001973
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sirius XM hires Joseph Inzerillo as Chief Product & Technology Officer, effective Jan 10, 2022
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- Base salary of $1,250,000; target bonus 150% of base salary.
- Equity grants: option (BSM $2.25M), time-based RSUs ($4.25M), performance-based RSUs ($4.5M) with FCF and TSR metrics.
- Awards vest over three years (2023-2025); performance RSUs cliff vest in Jan 2025.
- Severance on qualifying termination: lump sum of base salary plus last bonus, plus pro-rata bonus and 18-month health coverage.
- Inzerillo previously EVP & CTO at Disney Streaming; also held senior tech roles at MLB and BAMTech.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000093041321001973/0000930413-21-001973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000093041321001973/c102652_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-21-001973

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer