Jill Timm of Molson Coors (NYSE: TAP) awarded 3,976 Class B stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Timm Jill reported acquisition or exercise transactions in this Form 4 filing.
Molson Coors Beverage Co director Jill Timm received an equity grant. On May 6, 2026, she was awarded 3,976 shares of Class B Common Stock at no purchase price as part of compensation.
According to the grant terms, these restricted stock units vest in full on May 6, 2029. After this award, Timm directly holds 10,968 Class B shares, reflecting her ongoing equity stake in the company as a board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Timm Jill
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 3,976 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 10,968 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity grant size: 3,976 shares
Grant price: $0.00 per share
Post-grant holdings: 10,968 shares
+2 more
5 metrics
Equity grant size
3,976 shares
Restricted stock unit grant of Class B Common Stock
Grant price
$0.00 per share
Awarded as compensation, not purchased in the market
Post-grant holdings
10,968 shares
Class B Common Stock held directly after the transaction
Vesting date
May 6, 2029
Restricted stock units vest in full on this date
Transaction date
May 6, 2026
Date of grant reported on Form 4
Key Terms
restricted stock unit, Director Compensation Program, Class B Common Stock, Grant, award, or other acquisition
4 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
"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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Molson Coors (TAP) report for Jill Timm?
Molson Coors reported that director Jill Timm received a grant of 3,976 shares of Class B Common Stock as compensation. The award was structured as restricted stock units that convert into shares once vesting conditions are met on a future date.
Was Jill Timm’s Molson Coors (TAP) grant an open-market stock purchase?
No. The Form 4 shows the transaction with code “A,” indicating a grant or award, not an open-market purchase. The 3,976 Class B shares were granted at a price of $0.00 per share under the company’s director compensation arrangements.
When do Jill Timm’s Molson Coors (TAP) restricted stock units vest?
The restricted stock units granted to Jill Timm will vest in full on May 6, 2029. Once vesting occurs, the units convert into shares of Class B Common Stock, further aligning her compensation with long-term company performance and shareholder interests.
What program governs Jill Timm’s Molson Coors (TAP) equity grant?
The grant was made under Molson Coors’ Director Compensation Program. Under this program, non-employee directors receive restricted stock unit awards that vest over time, providing equity-based compensation linked to continued board service and the company’s long-term results.