Director at Molson Coors (NYSE: TAP) gets 3,976-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O'Sullivan Nessa reported acquisition or exercise transactions in this Form 4 filing.
Molson Coors Beverage Co director Nessa O'Sullivan received an equity grant of 3,976 shares of Class B Common Stock. The award is described as a restricted stock unit grant under the company's Director Compensation Program and will vest in full on May 6, 2029.
Following this grant, O'Sullivan directly holds 27,627 shares of Class B Common Stock. Because the shares were granted at no cash cost, this reflects stock-based compensation rather than an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Sullivan Nessa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 3,976 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 27,627 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity grant: 3,976 shares
Holdings after grant: 27,627 shares
Grant price: $0.00 per share
+1 more
4 metrics
Equity grant
3,976 shares
Restricted stock unit grant of Class B Common Stock
Holdings after grant
27,627 shares
Class B Common Stock directly held by Nessa O'Sullivan
Grant price
$0.00 per share
Reported transaction price for the stock-based award
Vesting date
May 6, 2029
Restricted stock unit grant vests 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
"received a 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 Nessa O'Sullivan report in this Form 4?
Nessa O'Sullivan reported receiving an equity grant of 3,976 shares of Class B Common Stock. The grant is stock-based compensation under Molson Coors' Director Compensation Program, rather than an open-market share purchase, and increases her direct holdings in the company.
What type of equity award did Molson Coors (TAP) grant to Nessa O'Sullivan?
Molson Coors granted Nessa O'Sullivan a restricted stock unit award tied to Class B Common Stock. The Form 4 notes this grant was made under the company’s Director Compensation Program and represents stock-based compensation instead of a cash-based payment.
When do Nessa O'Sullivan's restricted stock units from Molson Coors (TAP) vest?
The restricted stock unit grant to Nessa O'Sullivan will vest in full on May 6, 2029. Vesting means the award becomes fully earned on that date under the terms of Molson Coors' Director Compensation Program, according to the Form 4 footnote.
Was Nessa O'Sullivan’s Molson Coors (TAP) transaction a market purchase or sale?
The transaction was a grant of 3,976 shares at a reported price of $0.00 per share, not a market trade. It is classified as a grant or award acquisition, reflecting stock-based compensation rather than an open-market buy or sell transaction.