Molson Coors (NYSE: TAP) director gets 2,113-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molson Coors Beverage Co director David S. Coors reported an equity award of 2,113 shares of Class B Common Stock. The award was recorded at a price of $0.00 per share as a grant or other acquisition.
According to a footnote, this reflects a restricted stock unit grant under the Amended and Restated Molson Coors Beverage Company Incentive Compensation Plan that will vest in full on March 4, 2029. Following this award, he reports direct ownership of 33,155 Class B shares, plus indirect holdings of 44,879 shares through the David S Coors Descendant's Trust and 300,000 shares through Adolph Coors Company LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Coors David S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 2,113 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 33,155 shares (Direct);
Class B Common Stock — 44,879 shares (Indirect, by David S Coors Descendant's Trust U/A dated January 22, 2010)
Footnotes (1)
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FAQ
What did Molson Coors (TAP) director David S. Coors report in this Form 4?
David S. Coors reported an equity award of 2,113 shares of Molson Coors Class B Common Stock. The filing classifies this as a grant or other acquisition at $0.00 per share, reflecting a restricted stock unit grant under the company’s incentive compensation plan.
When do David S. Coors’ new restricted stock units in Molson Coors (TAP) vest?
The restricted stock unit grant will vest in full on March 4, 2029. This vesting date comes from the footnote describing the award under Molson Coors’ Amended and Restated Incentive Compensation Plan for its executives and directors.
What indirect Molson Coors (TAP) holdings are reported for David S. Coors?
He reports 44,879 Class B shares held indirectly through the David S Coors Descendant's Trust U/A dated January 22, 2010. He also reports 300,000 Class B shares held indirectly through Adolph Coors Company LLC, both categorized as indirect ownership in the filing.
Is the Molson Coors (TAP) award to David S. Coors a purchase or a grant?
It is reported as a grant or other acquisition, not an open-market purchase. The transaction code is “A,” and the per-share price is $0.00, consistent with a restricted stock unit grant under Molson Coors’ incentive compensation plan rather than a cash share purchase.