Sirius XM extends CEO Jennifer Witz through Dec 2026; base salary rises to $2M in 2024

SIRIUS XM HOLDINGS INC.

Base salary increases to $2M on Jan 1, 2024 from $1.75M; target bonus set at 300% of base salary.
Equity grants: $16.5M stock options (Black-Scholes), $3.3M time-based RSUs, $13.2M performance-based RSUs.
Severance: 1.5x base salary plus greater of target or last bonus, pro-rated bonus, health/life benefits.
Agreement runs through Dec 31, 2026; includes non-compete, confidentiality, and clawback provisions.
Private aircraft use letter agreement granted for personal flight time through Dec 31, 2026.

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