Molson Coors (TAP) director receives 334-share deferred stock grant in lieu of cash

Rhea-AI Filing Summary

HERINGTON CHARLES M reported acquisition or exercise transactions in this Form 4 filing.

Molson Coors Beverage Co director Charles M. Herington received a grant of 334 shares of Class B Common Stock on March 31, 2026. The grant was issued as deferred stock units in lieu of director cash compensation and carries a price of $0.00 per share.

After this award, Herington directly holds 61,585 shares of Class B Common Stock. The deferred stock units vest in full when he terminates service as a director, tying this compensation to the length of his board tenure rather than immediate cash payment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HERINGTON CHARLES M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	334	$0.00	--

Holdings After Transaction: Class B Common Stock — 61,585 shares (Direct)

Footnotes (1)

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Key Figures

Deferred stock unit grant: 334 shares Grant price: $0.00 per share Shares held after transaction: 61,585 shares +1 more

4 metrics

Deferred stock unit grant 334 shares Class B Common Stock granted March 31, 2026

Grant price $0.00 per share Compensation-related deferred stock unit award

Shares held after transaction 61,585 shares Director’s direct Class B Common Stock holdings post-grant

Transaction date March 31, 2026 Date of deferred stock unit grant

Key Terms

deferred stock unit, director cash compensation, vest in full, Class B Common Stock

4 terms

deferred stock unit financial

"The reporting person received a deferred stock unit grant in lieu of director cash compensation."

A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.

director cash compensation financial

"The reporting person received a deferred stock unit grant in lieu of director cash compensation."

vest in full financial

"The deferred stock units vest in full upon the reporting person's termination as a director."

Class B Common Stock financial

"security_title": "Class B Common Stock""

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HERINGTON CHARLES M

(Last) (First) (Middle)

P.O. BOX 4030

BC555

(Street)

GOLDEN COLORADO 80401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MOLSON COORS BEVERAGE CO [ TAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	03/31/2026		A		334	A	$0(1)	61,585	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person received a deferred stock unit grant in lieu of director cash compensation. The deferred stock units vest in full upon the reporting person's termination as a director.

Remarks:

	/s/ David P. Knaff, attorney-in-fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Molson Coors (TAP) report for Charles M. Herington?

Molson Coors reported that director Charles M. Herington received a grant of 334 Class B Common Stock deferred stock units. This was a compensation-related award rather than an open-market trade, reflecting stock-based payment for board service.

Was the Molson Coors (TAP) Form 4 transaction a stock purchase or sale?

The Form 4 transaction was neither a market purchase nor a sale. Herington received 334 deferred stock units as a grant in lieu of director cash compensation, recorded at $0.00 per share as part of his board compensation.

How many Molson Coors (TAP) shares does Charles M. Herington hold after this grant?

Following the grant, Herington directly holds 61,585 shares of Molson Coors Class B Common Stock. This total reflects his position after adding the 334-share deferred stock unit award reported in the Form 4 filing.

Why did Molson Coors (TAP) grant deferred stock units instead of cash to its director?

The filing states Herington received a deferred stock unit grant in lieu of director cash compensation. This means part of his normal cash board fees was paid in stock-linked units, aligning compensation with company equity performance instead of immediate cash.

When do Charles M. Herington’s Molson Coors (TAP) deferred stock units vest?

The deferred stock units vest in full upon Herington’s termination as a director. Vesting is therefore tied to the end of his board service, encouraging continued tenure rather than providing immediately vested stock compensation.