O'Sullivan Nessa 4
Research Summary
AI-generated summary
Molson Coors (TAP) Director Nessa O'Sullivan Receives Award
What Happened
- Nessa O'Sullivan, a director of Molson Coors Beverage Co. (TAP), was granted 3,976 restricted stock units (RSUs) on May 6, 2026. The Form 4 reports the acquisition price as $0.00 (code A = award/grant), total reported value $0. The grant was filed with the SEC on May 8, 2026.
Key Details
- Transaction date: May 6, 2026; Report filed: May 8, 2026 (appears timely).
- Shares granted: 3,976 RSUs; reported acquisition price: $0.00; total reported value: $0.
- Vesting: The RSUs vest in full on May 6, 2029 (per footnote — Director Compensation Program).
- Shares owned after transaction: not provided in the supplied filing details.
- Transaction code: A (award/grant) — this is compensation, not an open-market purchase.
Context
- RSUs are a form of equity compensation that typically convert to company stock only after vesting; they do not represent immediately tradable shares. Such grants are common for directors as compensation/retention and should not be interpreted as an immediate buy or sell signal.