James A. Sabia Jr. - 01 May 2023 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: 01 May 2023
Net transactions value: -$237,597
Form type: 4
Filing time: 03 May 2023, 16:35:57 UTC
Previous filing: 26 Apr 2023
Next filing: 11 Apr 2024
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	Options Exercise	$0	+1,096	+4%	$0.000000	28,198	01 May 2023	Direct	F1
transaction	STZ	Class A Common Stock	Options Exercise	$0	+1,415	+5%	$0.000000	29,613	01 May 2023	Direct	F2
transaction	STZ	Class A Common Stock	Tax liability	$237,597	-1,032	-3.5%	$230.23	28,581	01 May 2023	Direct
holding	STZ	Class A Common Stock						3,242	01 May 2023	by Family Trust	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	Performance Share Units	Options Exercise	$0	-1,096	-100%	$0.000000^*	0	01 May 2023	Class A Common Stock	1,096		Direct	F1, F4
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-286	-100%	$0.000000^*	0	01 May 2023	Class A Common Stock	286		Direct	F2, F5
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-408	-50%	$0.000000	408	01 May 2023	Class A Common Stock	408		Direct	F2, F5
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-315	-33%	$0.000000	629	01 May 2023	Class A Common Stock	315		Direct	F2, F5
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-406	-25%	$0.000000	1,217	01 May 2023	Class A Common Stock	406		Direct	F2, 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	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3	Held by the James A., Jr. and Brooke M. Sabia Trust, of which the reporting person and his spouse are trustees and beneficiaries.
F4	The performance share units disposed of in the reported transaction vested on May 1, 2023. Vested shares will be delivered to the reporting person on the vesting date 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 will be delivered to the reporting person as of each vesting date net of shares withheld to satisfy taxes.