Molson Coors Beverage Company announced updated compensation terms for outgoing Chief Commercial Officer Michelle St. Jacques, who will depart the company effective November 14, 2025. Under a General Waiver and Release Agreement, St. Jacques will receive severance benefits, including company-provided health and life insurance through the end of her severance period and eligibility for COBRA coverage for up to 18 months. She will remain eligible for a prorated 2025 Molson Coors Incentive Plan (MCIP) award, payable in March 2026, based on company and individual performance, and a cash payment of her target MCIP bonus of $675,254 at the end of the severance period, provided she does not join a competitor. If she accepts other employment before the severance period ends, she will receive a lump sum payment for the remaining severance period, unless the new employer is a competitor, in which case all further severance and bonus payments will be forfeited and subject to repayment. Unvested equity awards scheduled to vest in February 2026 will be canceled, with St. Jacques instead receiving a cash payment of approximately equivalent value. The agreement also includes non-disparagement and confidentiality provisions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Molson Coors Beverage Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-114643), on November 20, 2025, and is solely responsible for the information contained therein.
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