Sirius XM enters new employment agreement with President Scott Greenstein; base salary to $1.7M

SIRIUS XM HOLDINGS INC.

Base salary increased to $1,700,000 per year effective May 25, 2024; target annual bonus of 200% of base salary.
Equity grants on grant date: option valued at $8.25M, RSUs at $1.65M, and two performance-based RSUs at $3.3M each (total $16.5M).
Term ends May 24, 2027; severance includes 1.5x base plus greater of $2.6M or last bonus for qualifying terminations.
Agreement is substantially similar to prior contract except for economic terms; includes non-compete and clawback provisions.
Greenstein continues as President and Chief Content Officer, reporting to CEO.

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