Executive stock award and tax share withholdings at Molson Coors (NYSE: TAP)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molson Coors Beverage Co executive Roxanne Stelter, VP, Controller & Chief Accounting Officer, reported equity compensation activity in Class B common stock. She received a grant of 2,052 shares, while 608 shares and 714 shares were withheld by the company at $48.99 per share to cover tax obligations on vesting awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Stelter Roxanne
Role
VP,Controller & Chf Acct Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 608 | $48.99 | $30K |
| Grant/Award | Class B Common Stock | 2,052 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 714 | $48.99 | $35K |
Holdings After Transaction:
Class B Common Stock — 11,027 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) report for Roxanne Stelter?
Roxanne Stelter reported one stock grant and two tax-related share withholdings. She received 2,052 Class B shares as an award, while 608 and 714 shares were withheld by Molson Coors to satisfy tax obligations tied to vesting restricted and performance-based stock units.
What stock award did Roxanne Stelter receive from Molson Coors (TAP)?
She received an award of 2,052 Class B common shares. The Form 4 describes these shares as earned for the 2023–2025 performance period under performance share units granted on February 27, 2023 pursuant to the company’s incentive compensation plan.
Does the Molson Coors (TAP) Form 4 indicate future performance-based vesting for Roxanne Stelter?
The Form 4 reflects shares earned for a completed performance period. It states the 2,052 Class B shares were earned for the 2023–2025 performance period under previously granted performance share units, indicating the performance cycle has concluded for this particular award.
Is Roxanne Stelter’s Molson Coors (TAP) ownership direct or through another entity?
The reported Molson Coors Class B share holdings are direct. The filing classifies all transactions with a direct ownership code and does not reference any trusts, LLCs, or other entities, indicating the shares and related equity awards are held directly by Stelter.