Form 4: Molson Coors Director Nessa O'Sullivan Disposes of Shares to Cover Tax Obligations
SEC Form 4
Director Nessa O'Sullivan disposed of Molson Coors Class B common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 19, 2025, Nessa O'Sullivan, a director of Molson Coors Beverage Co., disposed of 464 shares of Class B common stock.
- The shares were withheld by the issuer to cover tax withholding obligations related to the vesting of restricted stock units previously granted to O'Sullivan.
- The transaction price was $56.61 per share.
- Following the transaction, O'Sullivan beneficially owns 23,651 shares of Class B common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This transaction is a routine occurrence where company stock is used to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of transaction: Disposal of Class B Common Stock. |
| 05/21/2025 | Date of signature by Power of Attorney. |
Keywords
Molson Coors, Director, Share Disposal, Tax Withholding, Class B Common Stock, Restricted Stock Units, Form 4
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