Molson Coors (NYSE: TAP) director awarded 3,976 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molson Coors Beverage Co director Riley H. Sanford received an equity award of 3,976 shares of Class B Common Stock. The award is in the form of restricted stock units granted under the company’s Director Compensation Program and carries no cash exercise price.
The restricted stock units will vest in full on May 6, 2029, meaning Sanford will gain full ownership of the underlying shares at that time if service conditions are met. After this grant, Sanford directly holds 50,042 shares of Molson Coors Class B Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Riley H Sanford
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 3,976 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 50,042 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 3,976 shares
Grant price per share: $0.00 per share
Holdings after grant: 50,042 shares
+2 more
5 metrics
RSU grant size
3,976 shares
Restricted stock units of Class B Common Stock granted to director
Grant price per share
$0.00 per share
Reported transaction price for the RSU grant
Holdings after grant
50,042 shares
Total direct Class B Common Stock held by Sanford after transaction
Vesting date
May 6, 2029
Date on which the 3,976 restricted stock units fully vest
Transaction code
A
Grant, award, or other acquisition of non-derivative securities
Key Terms
restricted stock unit, Director Compensation Program, Class B Common Stock, Grant, award, or other acquisition, +1 more
5 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
"The reporting person received a restricted stock unit grant under the Company's Director Compensation Program..."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Molson Coors (TAP) director Riley H. Sanford report in this Form 4?
Riley H. Sanford reported receiving 3,976 restricted stock units of Molson Coors Class B Common Stock. These equity awards are part of the company’s Director Compensation Program and represent stock-based compensation rather than an open-market share purchase or sale.
When do Riley H. Sanford’s newly granted Molson Coors (TAP) restricted stock units vest?
The 3,976 restricted stock units granted to Riley H. Sanford will vest in full on May 6, 2029. Vesting means the director will gain full ownership of the underlying Molson Coors Class B Common Stock if the applicable service terms are satisfied.
Does this Molson Coors (TAP) Form 4 show a stock sale by Riley H. Sanford?
The filing shows an acquisition, not a sale. Riley H. Sanford received 3,976 restricted stock units as a grant under the Director Compensation Program, increasing total direct holdings to 50,042 shares, with no dispositions reported in this Form 4.