Molson Coors (NYSE: TAP) CFO settles RSU taxes with 11,728 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molson Coors Beverage Co Chief Financial Officer Tracey Joubert reported a tax-related share disposition. On the Form 4, 11,728 shares of Class B Common Stock were withheld by the company at a price of $43.66 per share to cover tax obligations from vesting restricted stock units. After this withholding, Joubert directly holds 179,868 shares of Class B Common Stock, indicating this was a routine compensation and tax-settlement event rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joubert Tracey
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 11,728 | $43.66 | $512K |
Holdings After Transaction:
Class B Common Stock — 179,868 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 11,728 shares
Withholding price per share: $43.66 per share
Shares held after transaction: 179,868 shares
3 metrics
Shares withheld for taxes
11,728 shares
Tax-withholding disposition on Class B Common Stock
Withholding price per share
$43.66 per share
Value used for tax-withholding shares
Shares held after transaction
179,868 shares
Direct holdings of Class B Common Stock after withholding
Key Terms
Class B Common Stock, tax-withholding disposition, restricted stock units, tax withholding obligations
4 terms
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.
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.
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 did Molson Coors (TAP) CFO Tracey Joubert report on this Form 4?
The Form 4 shows 11,728 shares of Molson Coors Class B Common Stock were withheld by the company to cover tax obligations from vesting restricted stock units, leaving the CFO with 179,868 shares directly held afterward.
Was the Molson Coors (TAP) CFO’s Form 4 transaction an open-market sale?
No. The filing describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer at $43.66 per share to satisfy tax liabilities on previously granted restricted stock units that vested.
What are the CFO’s Molson Coors (TAP) holdings after this Form 4 event?
Following the tax-withholding transaction, Chief Financial Officer Tracey Joubert directly holds 179,868 shares of Molson Coors Class B Common Stock. This figure reflects her post-transaction direct ownership position reported in the filing.
What does the F code mean in the Molson Coors (TAP) Form 4 transaction?
The F transaction code indicates a tax-withholding disposition, where shares are delivered to the issuer to satisfy exercise price or tax liabilities. Here, it reflects shares withheld for taxes upon vesting of restricted stock units.