Robert Lee Hanson - May 1, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Pres. Wine and Spirits
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
May 1, 2023
Transactions value $
-$697,136
Form type
4
Date filed
5/3/2023, 04:36 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 +2.32K +28.51% $0.00 10.5K May 1, 2023 Direct F1
transaction STZ Class A Common Stock Options Exercise $0 +4.43K +42.39% $0.00 14.9K May 1, 2023 Direct F2
transaction STZ Class A Common Stock Tax liability -$697K -3.03K -20.34% $230.23 11.9K 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 -2.32K -100% $0.00* 0 May 1, 2023 Class A Common Stock 2.32K Direct F1, F3
transaction STZ Restricted Stock Units Options Exercise $0 -1.98K -100% $0.00* 0 May 1, 2023 Class A Common Stock 1.98K Direct F2, F4
transaction STZ Restricted Stock Units Options Exercise $0 -865 -50% $0.00 865 May 1, 2023 Class A Common Stock 865 Direct F2, F4
transaction STZ Restricted Stock Units Options Exercise $0 -803 -33.35% $0.00 1.61K May 1, 2023 Class A Common Stock 803 Direct F2, F4
transaction STZ Restricted Stock Units Options Exercise $0 -790 -25.02% $0.00 2.37K May 1, 2023 Class A Common Stock 790 Direct F2, F4
* 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 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.
F4 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.