Molson Coors (NYSE: TAP) director gets 3,976-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERINGTON CHARLES M reported acquisition or exercise transactions in this Form 4 filing.
Molson Coors Beverage Co director Charles M. Herington received a grant of 3,976 shares of Class B Common Stock as a restricted stock unit award under the company’s Director Compensation Program. The units will vest in full on May 6, 2029, bringing his direct holdings to 65,561 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HERINGTON CHARLES M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 3,976 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 65,561 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 3,976 shares
Shares held after grant: 65,561 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Shares granted
3,976 shares
Restricted stock unit award of Class B Common Stock
Shares held after grant
65,561 shares
Direct Class B Common Stock holdings after transaction
Grant price per share
$0.00 per share
Reported transaction price for awarded shares
Vesting date
May 6, 2029
Restricted stock units vest in full on this date
Key Terms
restricted stock unit, Director Compensation Program, Class B Common Stock
3 terms
restricted stock unit financial
"The reporting person received a restricted stock unit grant under the Company's Director Compensation Program"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Director Compensation Program financial
"restricted stock unit grant under the Company's Director Compensation Program, which will vest in full on May 6, 2029"
Class B Common Stock financial
"security_title: "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What did Molson Coors (TAP) director Charles Herington report on this Form 4?
Charles M. Herington reported receiving a grant of 3,976 shares of Molson Coors Class B Common Stock as a restricted stock unit award. This is a compensation-related acquisition, not an open-market purchase or sale of shares.
Is the Molson Coors (TAP) director transaction a market buy or sell?
The transaction is a grant/award acquisition, not a market buy or sell. Herington received 3,976 Class B shares at a reported price of $0.00 per share as part of the company’s Director Compensation Program.
When will Charles Herington’s Molson Coors restricted stock units vest?
The restricted stock unit grant received by Charles Herington will vest in full on May 6, 2029. Vesting means the units convert into unrestricted shares he fully owns, assuming he meets any continued service conditions.
What type of security was granted to the Molson Coors director on this Form 4?
The filing reports a grant of Class B Common Stock in the form of restricted stock units. These RSUs represent the right to receive 3,976 Class B shares when they vest under the company’s Director Compensation Program.