Form 4: Molson Coors Director Sanford Riley Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Director Sanford Riley disposed of 1,275 shares of Molson Coors Class B common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On May 27, 2024, Sanford Riley, a director of Molson Coors Beverage Co., disposed of 1,275 shares of Class B Common Stock.
- The disposal was executed to cover tax withholding obligations upon the vesting of restricted stock units previously granted to Riley.
- The transaction was priced at $53.5 per share.
- Following the transaction, Riley directly owns 44,484 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Date of transaction: Disposal of Class B Common Stock. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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