James A. Sabia Jr. - 21 Nov 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Pres. Beer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
21 Nov 2022
Net transactions value
-$710,653
Form type
4
Filing time
22 Nov 2022, 15:33:54 UTC
Previous filing
19 Aug 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 +4,165 +15% 32,117 21 Nov 2022 Direct F1
transaction STZ Class A Common Stock Sale $1,042,228 -4,165 -13% $250.23 27,102 21 Nov 2022 Direct
holding STZ Class A Common Stock 3,242 21 Nov 2022 by Family Trust F2, 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 -4,165 -100% $0.000000* 0 21 Nov 2022 Class 1 (convertible) Common Stock 4,165 $79.61 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $331,576 +4,165 $79.61 4,165 21 Nov 2022 Class A Common Stock 4,165 Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -4,165 -100% $0.000000* 0 21 Nov 2022 Class A Common Stock 4,165 Direct F5
* 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 Reflects a change in beneficial ownership of 850 shares of the reported Class A Common Stock from direct to indirect.
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.