Molson Coors (TAP) executive awarded 33,845 stock options at $47.33 strike
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Molson Coors Beverage Co executive Philip M. Whitehead received a grant of 33,845 employee stock options on Class B Common Stock. The options have an exercise price of $47.33 per share and were granted as compensation, not as an open-market purchase or sale.
The stock options vest in full and become exercisable on March 4, 2029, and expire on March 4, 2036 if not exercised. This Form 4/A is an amendment that corrects a calculation error in a prior filing and restates the correct number of options granted.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whitehead Philip M
Role
Pres CEO EMEA APAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 33,845 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 33,845 shares (Direct)
Footnotes (1)
- The original Form 4, filed on March 6, 2026, is being amended by this Form 4 to correct a calculation error that misreported the number of Employee Stock Options (Right to Buy) granted to the reporting person on March 4, 2026. This amendment correctly reports the number of Employee Stock Options (Right to Buy) granted to the reporting person on March 4, 2026. The stock options vest in full and become exercisable on March 4, 2029.
Key Figures
Options granted: 33,845 options
Exercise price: $47.33 per share
Underlying shares: 33,845 shares
+3 more
6 metrics
Options granted
33,845 options
Employee Stock Option (Right to Buy) grant on March 4, 2026
Exercise price
$47.33 per share
Conversion or exercise price for the employee stock options
Underlying shares
33,845 shares
Class B Common Stock underlying the granted options
Post-grant derivative holdings
33,845 options
Total derivative securities following the transaction
Vesting date
March 4, 2029
Date when options vest in full and become exercisable
Expiration date
March 4, 2036
Expiration date of the employee stock options
Key Terms
Employee Stock Option (Right to Buy), Form 4, vest in full, exercise price, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"number of Employee Stock Options (Right to Buy) granted to the reporting person"
Form 4 regulatory
"The original Form 4, filed on March 6, 2026, is being amended"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
vest in full financial
"The stock options vest in full and become exercisable on March 4, 2029."
exercise price financial
"conversion or exercise price: 47.3300"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
derivative securities financial
"derivativeTransactionCount: 1"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
FAQ
What insider transaction did Molson Coors (TAP) report for Philip M. Whitehead?
Molson Coors reported that executive Philip M. Whitehead received a grant of 33,845 employee stock options. These options relate to Class B Common Stock and represent compensation, not an open-market trade, so they primarily update his potential future ownership rather than current share count.
What is the exercise price and vesting schedule of the new TAP stock options?
The granted employee stock options have an exercise price of $47.33 per share. They vest in full and become exercisable on March 4, 2029, giving the executive the right to buy 33,845 Class B shares at that price after vesting, until expiration.
Why did Molson Coors file an amended Form 4/A for this TAP transaction?
The amended Form 4/A was filed to correct a calculation error in the original Form 4. The earlier filing misreported the number of employee stock options granted, and this amendment now correctly states that 33,845 options were granted to the reporting person on March 4, 2026.
When do Philip M. Whitehead’s TAP stock options expire?
The employee stock options granted to Philip M. Whitehead expire on March 4, 2036. If the options are not exercised by that date, they lapse. This gives him several years after the March 4, 2029 vesting date to decide whether to exercise them.