James A. Sabia Jr. - Aug 18, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Pres. Beer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Aug 18, 2022
Transactions value $
-$713,190
Form type
4
Date filed
8/19/2022, 05:55 PM
Previous filing
May 3, 2022
Next filing
Nov 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Conversion of derivative security +4.17K +8.82% 51.4K Aug 18, 2022 Direct F1
transaction STZ Class A Common Stock Sale -$1.04M -4.17K -8.1% $250.84 47.2K Aug 18, 2022 Direct
holding STZ Class A Common Stock 2.39K Aug 18, 2022 by Family Trust F2

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 -4.17K -50% $0.00 4.17K Aug 18, 2022 Class 1 (convertible) Common Stock 4.17K $79.61 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $332K +4.17K $79.61 4.17K Aug 18, 2022 Class A Common Stock 4.17K Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -4.17K -100% $0.00* 0 Aug 18, 2022 Class A Common Stock 4.17K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.
F2 Held by the James A., Jr. and Brooke M. Sabia Trust, of which the reporting person and his spouse are trustees and beneficiaries.
F3 100% of this option has become exercisable.
F4 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.