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Are Sirius XM Radio insiders selling shares?

April 26, 2017radio Selling Shares SIRIUS XM

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Are Sirius XM Radio insiders selling shares?

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Making headlines this week are allegations by self proclaimed insider trading experts that Sirius XM Radio executives are selling shares. These are false allegations. Following the merger of Sirius and XM, and as executive compensation came under fire in light of AIG bonuses earlier in the year, Sirius XM Radio issued bonuses to its top people after successfully navigating the merger fiasco created by the FCC, in the form of company shares. In most cases, people receiving holiday bonuses or incentive compensation such as a commission check are able to deposit that money into their bank accounts. Sirius XM went a different route in which the company’s executives adopted a 10b5-1 plan. Apparently, these self proclaimed insider trading experts that are publishing false information missed this particular class at insider trading school.