---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-22-001231"
form_type: "8-K"
ticker: "SIRI"
cik: "0000908937"
company_name: "SIRIUS XM HOLDINGS INC."
filed_at: "2022-06-29T23:59:59+00:00"
generated_at: "2026-06-24T22:31:53.218716+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sirius XM appoints Verbrugge CCO with $1.1M base salary and $5M equity grants

## Summary
- Joseph Verbrugge appointed Chief Commercial Officer of Sirius XM Radio Inc., effective June 28, 2022, through June 27, 2024.
- Annual base salary of $1,100,000, increasing to $1,150,000 on June 28, 2023; target bonus of 150% of base salary.
- Equity grants: option valued at $1.25M (Black-Scholes), time-based RSUs $1.25M, and performance-based RSUs $2.5M (FCF and relative TSR).
- Severance: lump sum equal to base salary plus last bonus, pro-rated bonus, 18 months health benefits, and 1 year life insurance.

## SEC filing metadata
- accession: 0000930413-22-001231
- form_type: 8-K
- ticker: SIRI
- cik: 0000908937
- company_name: SIRIUS XM HOLDINGS INC.
- filed_at: 2022-06-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908937/000093041322001231/0000930413-22-001231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908937/000093041322001231/c104026_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-22-001231
- JSON: https://secwatch.observer/filing/0000930413-22-001231.json
- Plain text: https://secwatch.observer/filing/0000930413-22-001231.txt

## Key facts
- Executive change
  Joseph A. Verbrugge was appointed as Chief Commercial Officer at SIRIUS XM HOLDINGS INC..
  - Action: appointed
  - Role: Chief Commercial Officer
  source text: On June 28, 2022, our subsidiary, Sirius XM Radio Inc., entered into a new Employment Agreement with Joseph A. Verbrugge to serve as its Chief Commercial Officer through June 27, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908937/000093041322001231/0000930413-22-001231-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.