Greenstein’s New Pact Extends His Run as SiriusXM President Through May 2022

SiriusXM signed Scott Greenstein to a new employment agreement on Christmas Eve that extends his run as president-chief content officer through May 2022, said an 8-K Wednesday at the SEC. SiriusXM raised Greenstein’s annual base pay by 7 percent to $1.6 million and gave him the chance to earn yearly bonuses targeted at up to $2.4 million -- 150 percent of his annual base salary -- if he meets set “performance goals,” it said. It also granted Greenstein options to buy 3.2 million SiriusXM shares at $5.51 a share, plus roughly 2 million time-based and performance-based restricted stock units that vest on specified dates between December 2019 and May 2022, it said. Shares closed unchanged Thursday at $5.73.