How Goyal was paid
$4.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Rahul GoyalPresident and CEO | $640,422 | $3,121,212 | $200,986 | $39,122 | $1,829 | $131,330 | $4,134,901 |
| Gavin D.K. HattersleyFormer President and CEO | $1,337,671 | $7,027,803 | $2,249,802 | $126,493 | — | $395,779 | $11,137,547 |
| Tracey I. JoubertCFO | $899,700 | $5,874,238 | $599,958 | $48,584 | $14,791 | $217,316 | $7,654,587 |
| Michelle St. JacquesFormer Chief Commercial Officer | $649,865 | $2,155,943 | $449,960 | — | — | $6,259,922 | $6,259,922 |
| Natalie MaciolekChief Legal & Government Affairs Officer | $633,587 | $1,798,702 | $374,977 | $29,064 | — | $144,050 | $2,980,380 |
| Darrin VohsChief Information Officer | $473,977 | $312,403 | $99,998 | $41,710 | — | $68,669 | $996,757 |
| Philip M. WhiteheadPresident and CEO of Molson Coors EMEA&APAC | $494,625 | $1,662,058 | $374,977 | $67,665 | $5,508 | $154,378 | $2,759,211 |
What changed and why
- Rahul Goyal was appointed President and CEO effective October 1, 2025.
- $1.141BUnderlying free cash flow totaled $1.141 billion at year-end 2025.
- Capital expenditures in 2025 were directed toward modernization, productivity improvements, and efficiency initiatives.
- 6.8%Dividend was increased by 6.8% in 2025, marking another year of growth.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.