Molson Coors (NYSE: TAP) CFO gets stock award, covers taxes
Rhea-AI Filing Summary
Molson Coors Beverage Co Chief Financial Officer Tracey Joubert reported equity award and related tax-withholding transactions in Class B common stock. She received a grant of 17,583 shares tied to the 2023–2025 performance period, while 2,720 and 6,459 shares were withheld at $48.99 per share for taxes, leaving 178,919 shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,404 shares
Net Buy
3 txns
Insider
Joubert Tracey
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 2,720 | $48.99 | $133K |
| Grant/Award | Class B Common Stock | 17,583 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock | 6,459 | $48.99 | $316K |
Holdings After Transaction:
Class B Common Stock — 178,919 shares (Direct)
Footnotes (3)
- F1. Represents shares of Class B common stock withheld by the Issuer to cover tax withholding obligations for the Reporting Person upon the vesting of restricted stock units previously granted to the Reporting Person.
- F2. Represents shares of Class B common stock earned with respect to the 2023-2025 performance period pursuant to performance share units granted on February 27, 2023 under the Amended and Restated Molson Coors Beverage Company Incentive Compensation Plan.
- F3. Represents shares of Class B common stock withheld by the Issuer to cover tax withholding obligations for the Reporting Person upon the vesting of performance share units previously granted to the Reporting Person.
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FAQ
What insider transactions did Molson Coors (TAP) CFO Tracey Joubert report?
Tracey Joubert reported a stock award and related tax withholdings. She received 17,583 Class B shares from performance share units, while 2,720 and 6,459 shares were withheld by Molson Coors to cover tax obligations upon vesting.
Were Tracey Joubert’s Molson Coors (TAP) transactions open-market stock sales?
No, the dispositions were tax withholdings, not open-market sales. Shares were withheld by Molson Coors to satisfy tax obligations when restricted stock units and performance share units vested, according to the Form 4 footnotes.