Form 4: Molson Coors Director David S. Coors Reports Stock Transactions
SEC Form 4
Director David S. Coors reports acquisition and disposal of Molson Coors Beverage Co Class B Common Stock due to tax obligations and vesting of restricted stock units and performance share units.
Summary
- On February 28, 2025, David S. Coors, a director of Molson Coors Beverage Co, engaged in multiple transactions involving Class B Common Stock.
- 327 shares were withheld by the issuer to cover tax obligations upon the vesting of restricted stock units at a price of $61.29.
- Coors acquired 1,679 shares related to the 2022-2024 performance period from performance share units granted on February 28, 2022, with a value of $0.00.
- An additional 550 shares were withheld by the issuer for tax obligations upon the vesting of performance share units at a price of $61.29.
- Following these transactions, Coors directly owns 24,897 shares of Class B Common Stock.
- Coors also indirectly owns 44,879 shares through the David S Coors Descendant's Trust U/A dated January 22, 2010, and 300,000 shares through Adolph Coors Company LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2010-01-22 | Date of David S Coors Descendant's Trust U/A |
| 2022-02-28 | Grant date of performance share units under the Amended and Restated Molson Coors Beverage Company Incentive Compensation Plan |
| 2025-02-28 | Date of stock transactions reported in Form 4 |
| 2025-03-04 | Date of signature on the Form 4 |
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