Tax withholding trims Molson Coors (TAP) director stake by 610 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molson Coors Beverage Co director Nessa O'Sullivan had 610 shares of Class B Common Stock withheld on a recent equity vesting. On this Form 4, the company retained these shares at $41.68 per share to satisfy her tax withholding obligations when previously granted restricted stock units vested.
This is recorded as a disposition for reporting purposes, but it is not an open-market sale. After this tax-withholding event, O'Sullivan directly holds 27,017 shares of Class B Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Sullivan Nessa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 610 | $41.68 | $25K |
Holdings After Transaction:
Class B Common Stock — 27,017 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 610 shares
Withholding price per share: $41.68 per share
Shares held after transaction: 27,017 shares
3 metrics
Shares withheld for taxes
610 shares
Class B Common Stock withheld for tax obligations on RSU vesting
Withholding price per share
$41.68 per share
Value used for 610-share tax-withholding disposition
Shares held after transaction
27,017 shares
Director’s direct Class B Common Stock holdings following withholding
Key Terms
Class B Common Stock, restricted stock units, tax withholding obligations, tax-withholding disposition
4 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 to the Reporting Person"
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 for the Reporting Person"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Molson Coors (TAP) director Nessa O'Sullivan report on this Form 4?
Nessa O'Sullivan reported that 610 shares of Molson Coors Class B Common Stock were withheld by the company. The shares covered tax obligations arising from the vesting of previously granted restricted stock units, rather than being sold in the open market.
Does this Molson Coors (TAP) Form 4 reflect an open-market sale?
No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. The issuer withheld 610 shares to cover the director’s tax obligations when restricted stock units vested, a common administrative step for equity compensation.
What is the transaction code F in this Molson Coors (TAP) Form 4?
Code F indicates payment of an exercise price or tax liability by delivering securities. Here, 610 shares were withheld by Molson Coors to cover Nessa O'Sullivan’s tax withholding obligations upon vesting of restricted stock units already granted to her.