James A. Sabia Jr. - Nov 21, 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
Nov 21, 2022
Transactions value $
-$710,653
Form type
4
Date filed
11/22/2022, 03:33 PM
Previous filing
Aug 19, 2022
Next filing
Apr 6, 2023

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 +14.9% 32.1K Nov 21, 2022 Direct F1
transaction STZ Class A Common Stock Sale -$1.04M -4.17K -13.32% $250.23 27.1K Nov 21, 2022 Direct
holding STZ Class A Common Stock 3.24K Nov 21, 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 -4.17K -100% $0.00* 0 Nov 21, 2022 Class 1 (convertible) Common Stock 4.17K $79.61 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $332K +4.17K $79.61 4.17K Nov 21, 2022 Class A Common Stock 4.17K Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -4.17K -100% $0.00* 0 Nov 21, 2022 Class A Common Stock 4.17K 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.