Molson Coors (TAP) director has 1,345 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molson Coors Beverage Co director Riley H. Sanford reported a routine tax-related share withholding. On May 18, 2026, 1,345 shares of Class B Common Stock were disposed of at $41.68 per share to cover tax withholding obligations upon the vesting of previously granted restricted stock units. After this transaction, Sanford directly holds 48,697 shares of Class B Common Stock. This was not an open-market sale but an issuer share withholding to satisfy taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Riley H Sanford
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 1,345 | $41.68 | $56K |
Holdings After Transaction:
Class B Common Stock — 48,697 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,345 shares
Price per share: $41.68/share
Shares held after transaction: 48,697 shares
3 metrics
Shares withheld for taxes
1,345 shares
Class B Common Stock, tax-withholding disposition
Price per share
$41.68/share
Valuation used for tax-withholding shares
Shares held after transaction
48,697 shares
Director’s direct Class B holdings post-transaction
Key Terms
Class B Common Stock, restricted stock units, tax withholding obligations
3 terms
Class B Common Stock financial
"Represents shares of Class B common stock withheld by the Issuer"
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.
restricted stock units financial
"upon the vesting of restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld by the Issuer to cover tax withholding obligations"
FAQ
What insider transaction did Molson Coors (TAP) director Riley H. Sanford report?
Riley H. Sanford reported a tax-withholding disposition of 1,345 shares of Molson Coors Class B Common Stock. The shares were withheld by the company to cover taxes due when previously granted restricted stock units vested.
Was the Molson Coors (TAP) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 1,345 shares were withheld by Molson Coors to satisfy Sanford’s tax obligations on vesting restricted stock units, a standard, non-market administrative process.
What triggers the tax-withholding disposition reported for Molson Coors (TAP) director Sanford?
The disposition was triggered by the vesting of restricted stock units previously granted to Sanford. When those restricted stock units vested, Molson Coors withheld 1,345 Class B shares to cover the associated tax withholding obligations.