Michael McGrew - May 1, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: EVP, Chief Com, CSR, Diversity
Signature: /s/ Brian S. Bennett, Attorney-in-fact
Stock symbol: STZ
Transactions as of: May 1, 2023
Transactions value $: -$79,429
Form type: 4
Date filed: 5/3/2023, 04:34 PM
Previous filing: Apr 26, 2023
Next filing: Apr 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STZ	Class A Common Stock	Options Exercise	$0	+387	+26.89%	$0.00	1.83K	May 1, 2023	Direct	F1, F2, F3
transaction	STZ	Class A Common Stock	Options Exercise	$0	+540	+29.57%	$0.00	2.37K	May 1, 2023	Direct	F1
transaction	STZ	Class A Common Stock	Tax liability	-$79.4K	-345	-14.58%	$230.23	2.02K	May 1, 2023	Direct	F1

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	-514	-100%	$0.00^*	0	May 1, 2023	Class A Common Stock	514		Direct	F1, F2, F4
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-54	-100%	$0.00^*	0	May 1, 2023	Class A Common Stock	54		Direct	F1, F5, F6
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-191	-55.04%	$0.00	156	May 1, 2023	Class A Common Stock	191		Direct	F1, F5, F6
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-123	-34.94%	$0.00	229	May 1, 2023	Class A Common Stock	123		Direct	F1, F5, F6
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-251	-25.07%	$0.00	750	May 1, 2023	Class A Common Stock	251		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the transfer of certain shares of Class A Common Stock, performance share units, or restricted stock units, as applicable, to the reporting person's former spouse.
F2	Each performance share unit represents a contingent right to receive one share of Class A Common Stock.
F3	Includes shares of Class A Common Stock acquired in July 2022 and January 2023 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
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	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	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.