Kaneenat Kristann Carey - Nov 30, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief HR Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Nov 30, 2022
Transactions value $
-$95,639
Form type
4
Date filed
12/2/2022, 03:31 PM
Previous filing
May 11, 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 +978 +97.41% 1.98K Nov 30, 2022 Direct F1, F2, F3
transaction STZ Class A Common Stock Sale -$245K -978 -49.34% $250.81 1K Nov 30, 2022 Direct

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 -978 -33.34% $0.00 1.96K Nov 30, 2022 Class 1 (convertible) Common Stock 978 $153.02 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $150K +978 $153.02 978 Nov 30, 2022 Class A Common Stock 978 Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -978 -100% $0.00* 0 Nov 30, 2022 Class A Common Stock 978 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 Includes shares of Class A Common Stock acquired in July 2022 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
F3 Includes a correction to the number of shares of Class A Common Stock reported as beneficially owned directly by the reporting person on her original Form 3, which inadvertently overstated the number of shares held as of the date of such filing by 19 shares of Class A Common Stock.
F4 This option, representing a right to purchase a total of 3,911 shares, becomes exercisable at the rate of 25% per year beginning on the date specified.
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.