Molson Coors (NYSE: TAP) CFO gets stock award, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
Joubert Tracey
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 2,720 | $48.99 | $133K |
| Grant/Award | Class B Common Stock | 17,583 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 6,459 | $48.99 | $316K |
Holdings After Transaction:
Class B Common Stock — 167,795 shares (Direct)
Footnotes (1)
- 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. 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. 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.
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.