Companies Sirius XM Holdings
Sirius XM (SIRI): executive pay, fiscal 2025
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CEO pay, last three years
- $7,164,547FY2023
- $37,084,318FY2024
- $8,012,795FY2025
CEO total pay was $8,012,795 in fiscal 2025, down from $37,084,318 in fiscal 2024.
FY2025: salary $2,000,000 · bonus $0 · stock awards $0 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Wayne Thorsen | $1,150,000 | $0 | $5,048,066 | $0 | $1,850,000 | $0 | $238,686 | $8,286,752 |
| Executive Vice President and Chief Operating Officer | ||||||||
| Jennifer Witz | 2,000,000 | 0 | 0 | 0 | 6,000,000 | 0 | 12,795 | 8,012,795 |
| Chief Executive Officer | ||||||||
| Richard Baer | 832,877 | 500,000 | 4,908,818 | 0 | 1,500,000 | 0 | 8,654 | 7,750,349 |
| Executive Vice President, General Counsel and Secretary | ||||||||
| Thomas Barry | 872,877 | 0 | 4,678,338 | 0 | 800,000 | 0 | 9,000 | 6,360,215 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Scott Greenstein | 1,700,000 | 0 | 0 | 0 | 3,400,000 | 0 | 1,962 | 5,101,962 |
| President and Chief Content Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Wayne Thorsen | $8,286,752 | $750,273 | — | ↑ +7,536,479 |
| Jennifer Witz | 8,012,795 | 37,084,318 | 7,164,547 | ↓ −29,071,523 |
| Richard Baer | 7,750,349 | — | — | — |
| Thomas Barry | 6,360,215 | 4,762,579 | 4,390,637 | ↑ +1,597,636 |
| Scott Greenstein | 5,101,962 | 21,832,540 | 4,207,340 | ↓ −16,730,578 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kristina M. SalenIndependent · Lead Independent Director · Audit (Chair) | $180,000 | $175,000 | $0 | $0 | $0 | $355,000 |
| Gregory B. MaffeiIndependent · Board Chair · Compensation | 150,000 | 175,000 | 0 | 0 | 0 | 325,000 |
| Jonelle ProcopeIndependent · Audit · Nominating/Governance (Chair) | 130,000 | 175,000 | 0 | 0 | 0 | 305,000 |
| Eddy W. HartensteinIndependent · Audit · Compensation (Chair) | 120,000 | 175,000 | 0 | 0 | 0 | 295,000 |
| Anjali SudIndependent · Nominating/Governance · Newly elected | 75,617 | 202,284 | 0 | 0 | 0 | 277,901 |
| David M. ZaslavIndependent · Nominating/Governance | 100,000 | 175,000 | 0 | 0 | 0 | 275,000 |
| Evan D. MaloneIndependent | 100,000 | 175,000 | 0 | 0 | 0 | 275,000 |
| Michael RapinoIndependent · Compensation | 100,000 | 175,000 | 0 | 0 | 0 | 275,000 |
| Dave StephensonIndependent · Compensation · Partial-year service · Newly elected | 28,768 | 121,302 | 0 | 0 | 0 | 150,070 |
| James E. MeyerIndependent · Not standing for re-election · Departed during FY | 25,000 | 0 | 0 | 0 | 0 | 25,000 |
| Jennifer C. WitzEmployee director | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $175,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 20,000 / 15,000 |
| Stock ownership guideline | 5x annual cash retainer |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,009,385 |
| Equity awards (grant-date value) | $1,548,586 |
| All other compensation | $0 |
| Total cost of the board | $2,557,971 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Sirius XM as a peer
Companies that benchmark against SIRI
17 companies name SIRI as a compensation peer
The list of companies that name SIRI as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
Of the companies Sirius XM Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Sirius XM Holdings.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Sirius XM Holdings | 2025 | Jennifer Witz | $2,000,000 | $0 | $0 | $6,000,000 | $8,012,795 |
| — | Live Nation Entertainment, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | EchoStar Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Match Group, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Electronic Arts, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Fox Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Tegna Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Omnicom Group Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Roku, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | AMC Networks, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Spotify Technology SA | — | — | — | — | — | — | not in coverage universe |
| — | Snap Inc. | — | — | — | — | — | — | not in coverage universe |
| — | News Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Take-Two Interactive Software, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Nexstar Media Group, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | IAC, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Warner Music Group Corp. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Sirius XM Holdings | not disclosed | not disclosed | not disclosed | not disclosed |
| AMC Networks, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| EchoStar Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Electronic Arts, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Fox Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| IAC, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Live Nation Entertainment, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Match Group, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| News Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Nexstar Media Group, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Omnicom Group Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Roku, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Snap Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Spotify Technology SA | not disclosed | not disclosed | not disclosed | not disclosed |
| Take-Two Interactive Software, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Tegna Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Warner Music Group Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-28 | 228,280,853 | 4,764,836 | 1,349,137 | 97.96% | Passed |
| 2023 | 2023-06-01 | 3,365,287,548 | 52,488,610 | 3,348,275 | 98.46% | Passed |
| 2020 | 2020-06-04 | 3,650,956,516 | 74,040,302 | 4,429,184 | 98.01% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-28 | 97.96%a |
| 2023 | 2023-06-01 | 98.46%b |
| 2020 | 2020-06-04 | 98.01%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 52 : 1 |
|---|---|
| CEO total compensation | $8,012,795 |
| Median employee compensation | $152,992 |
Insider trades since the proxy
Equity transactions since the proxy statement are temporarily unavailable — recheck shortly.
Sources (26 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Wayne Thorsen. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 51. As printed: 8,286,752. View filing ↗
- Section 01, Jennifer Witz. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 51. As printed: 8,012,795. View filing ↗
- Section 01, Richard Baer. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 51. As printed: 7,750,349. View filing ↗
- Section 01, Thomas Barry. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 51. As printed: 6,360,215. View filing ↗
- Section 01, Scott Greenstein. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 51. As printed: 5,101,962. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-10. Section “CEO Pay Ratio”. As printed: 52 : 1. View filing ↗
- Section 08, Kristina M. Salen. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 355,000. View filing ↗
- Section 08, Gregory B. Maffei. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 325,000. View filing ↗
- Section 08, Jonelle Procope. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 305,000. View filing ↗
- Section 08, Eddy W. Hartenstein. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 295,000. View filing ↗
- Section 08, Anjali Sud. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 277,901. View filing ↗
- Section 08, David M. Zaslav. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 275,000. View filing ↗
- Section 08, Evan D. Malone. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 275,000. View filing ↗
- Section 08, Michael Rapino. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 275,000. View filing ↗
- Section 08, Dave Stephenson. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 150,070. View filing ↗
- Section 08, James E. Meyer. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 25,000. View filing ↗
- Section 08, Jennifer C. Witz. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-01. Item 5.07 · say-on-pay result. As reported: 97.96% (votes for as printed: 228,280,853). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-06-05. Item 5.07 · say-on-pay result. As reported: 98.46% (votes for as printed: 3,365,287,548). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-06-05. Item 5.07 · say-on-pay result. As reported: 98.01%. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 1,009,385 + equity 1,548,586 + all other 0 = 2,557,971, summed across the director compensation table rows.
- Sirius XM Holdings (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Sirius XM Holdings's own proxy. As printed: 8,012,795. View filing ↗
- Section 10a, Omnicom Group Inc. reciprocity. DEF 14A. Omnicom Group Inc.'s most recent proxy was read; its disclosed peer group does not include Sirius XM Holdings. View filing ↗
- Section 10a, Roku, Inc. reciprocity. DEF 14A. Roku, Inc.'s most recent proxy was read; its disclosed peer group does not include Sirius XM Holdings. View filing ↗
- Section 10a, Warner Music Group Corp. reciprocity. DEF 14A. Warner Music Group Corp.'s most recent proxy was read; its disclosed peer group does not include Sirius XM Holdings. View filing ↗