Form 4: Molson Coors Executive Michelle St. Jacques Reports Stock Transactions
SEC Form 4
Michelle St. Jacques, Chief Commercial Officer of Molson Coors, reports the acquisition and disposal of Class B Common Stock related to vesting of restricted stock units and performance share units.
Summary
- On February 28, 2025, Michelle St. Jacques, Chief Commercial Officer of Molson Coors Beverage Co, engaged in transactions involving Class B Common Stock.
- The transactions included the withholding of 2,091 shares to cover tax obligations at a price of $61.29 per share, the acquisition of 13,416 shares related to performance share units, and the withholding of 5,944 shares to cover tax obligations related to the vesting of performance share units at a price of $61.29.
- Following these transactions, St. Jacques directly owns 51,656 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Molson Coors. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and performance share units, are standard across publicly traded companies.
- Tax withholding practices related to stock vesting are also common and compliant with IRS regulations.
- Comparable companies such as Anheuser-Busch InBev and Constellation Brands also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
- Employees who are granted stock options or restricted stock units may be impacted by the company's stock price performance.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for performance share units under the Amended and Restated Molson Coors Beverage Company Incentive Compensation Plan. |
| 02/28/2025 | Date of transactions involving Class B Common Stock: withholding for tax obligations and acquisition of performance share units. |
| 03/04/2025 | Date of signature for the report. |
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