F. Paul Hetterich - 24 Feb 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chair Beer
Signature
/s/ Brian Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
24 Feb 2022
Net transactions value
+$741,860
Form type
4
Filing time
25 Feb 2022, 15:34:20 UTC
Next filing
07 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STZ Class A Common Stock 57,942 24 Feb 2022 Direct F1
holding STZ Class A Common Stock 14,230 24 Feb 2022 By Spouse F2
holding STZ Class A Common Stock 737 24 Feb 2022 As UTMA custodian for Son
holding STZ Class A Common Stock 599 24 Feb 2022 by Daughter
holding STZ Class A Common Stock 374 24 Feb 2022 by Spouse as custodian for son under UTMA-1 F3
holding STZ Class A Common Stock 374 24 Feb 2022 by Spouse as custodian for son under UTMA-2 F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -30,280 -100% $0.000000* 0 24 Feb 2022 Class 1 (convertible) Common Stock 30,280 $24.50 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $741,860 +30,280 $24.50 30,280 24 Feb 2022 Class A Common Stock 30,280 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of Class A Common Stock acquired in July 2021 and January 2022 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
F2 The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
F3 These shares are held in UTMA accounts for the benefit of the reporting person's stepsons. The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
F4 100% of this option has become exercisable.
F5 Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis. In accordance with the certificate of incorporation of Constellation Brands, Inc., any shares of Class A Common Stock issued upon conversion of shares of Class 1 Common Stock must be sold immediately in connection with the conversion. Class 1 Common Stock is not traded on any stock exchange.