William A. Newlands - May 1, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
President & CEO, Director
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
May 1, 2023
Transactions value $
-$1,419,368
Form type
4
Date filed
5/3/2023, 04:34 PM
Previous filing
Apr 26, 2023
Next filing
Jul 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Options Exercise $0 +6.9K +55.35% $0.00 19.4K May 1, 2023 Direct F1, F2
transaction STZ Class A Common Stock Options Exercise $0 +8.13K +41.99% $0.00 27.5K May 1, 2023 Direct F3
transaction STZ Class A Common Stock Tax liability -$1.42M -6.17K -22.42% $230.23 21.3K May 1, 2023 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 Performance Share Units Options Exercise $0 -6.9K -100% $0.00* 0 May 1, 2023 Class A Common Stock 6.9K Direct F1, F4
transaction STZ Restricted Stock Units Options Exercise $0 -1.45K -100% $0.00* 0 May 1, 2023 Class A Common Stock 1.45K Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -2.57K -50% $0.00 2.57K May 1, 2023 Class A Common Stock 2.57K Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -1.65K -33.35% $0.00 3.3K May 1, 2023 Class A Common Stock 1.65K Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -2.46K -25% $0.00 7.38K May 1, 2023 Class A Common Stock 2.46K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Class A Common Stock.
F2 Includes shares of Class A Common Stock acquired in January 2023 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 The performance share units disposed of in the reported transaction vested on May 1, 2023. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
F5 The restricted stock units vest in four equal annual installments beginning on the first date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2023. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.