Sirius XM CEO Mel Karmazin has made news as his decision to voluntarily forfeit a large number of SIRI stock has reached the public domain and the attention of curious industry observers.

Karmazin relinquished personal stock as part of a Sirius XM business plan dating back to 2003. He and the satellite radio company plan to use the newly released shares in a larger move that seeks to “attract, motivate and retain key employees”.

The total number of SIRI shares let go of by Karmazin number at 30 million with 24 million having already been vested while 6 million more remain unclaimed.

[Via Orbitcast]