Garth Hankinson - 25 Aug 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & CFO
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
25 Aug 2022
Net transactions value
-$472,463
Form type
4
Filing time
26 Aug 2022, 16:49:09 UTC
Previous filing
03 May 2022
Next filing
06 Apr 2023
SEC
View on sec.gov

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 +2,270 +32% 9,446 25 Aug 2022 Direct F1
transaction STZ Class A Common Stock Sale $580,946 -2,270 -24% $255.92 7,176 25 Aug 2022 Direct 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 -2,270 -100% $0.000000* 0 25 Aug 2022 Class 1 (convertible) Common Stock 2,270 $47.79 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $108,483 +2,270 $47.79* 2,270 25 Aug 2022 Class A Common Stock 2,270 Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -2,270 -100% $0.000000* 0 25 Aug 2022 Class A Common Stock 2,270 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 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $255.9200 to $255.9950, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
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.