Joubert Tracey 4

What Happened

• Tracey Joubert, Chief Financial Officer of Molson Coors Beverage Co. (TAP), had 11,728 shares of Class B common stock withheld by the issuer on April 14, 2026 to cover tax withholding obligations related to the vesting of previously granted restricted stock units (RSUs).
• The withholding was reported as a disposition at $43.66 per share, for a total value of approximately $512,044. This is a routine tax-withholding/net-settlement event rather than an open-market sale.

Key Details

• Transaction date and price: April 14, 2026 — 11,728 shares withheld at $43.66 per share.
• Total value reported: ~$512,044.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: F1 — Issuer withheld shares to cover tax withholding obligations upon RSU vesting.
• Filing timeliness: Form 4 was filed on May 8, 2026 for an April 14 transaction (filed ~24 days after the transaction), which is later than the standard 2-business-day SEC reporting window.

Context

• This was a net share settlement/tax-withholding event tied to RSU vesting, not an elective open-market sale by the insider. Such withholdings are common and typically reflect tax obligations rather than a change in the insider’s view of the company.
• Purchases or open-market sales by insiders generally carry more interpretive weight for investor sentiment than routine tax withholdings.