James O. Bourdeau - May 1, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief Legal Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
May 1, 2023
Transactions value $
-$403,823
Form type
4
Date filed
5/3/2023, 04:36 PM
Previous filing
Apr 26, 2023
Next filing
Aug 7, 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 +1.51K +46.58% $0.00 4.76K May 1, 2023 Direct F1, F2
transaction STZ Class A Common Stock Options Exercise $0 +2.45K +51.49% $0.00 7.21K May 1, 2023 Direct F3
transaction STZ Class A Common Stock Tax liability -$404K -1.75K -24.33% $230.23 5.45K 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 -1.51K -100% $0.00* 0 May 1, 2023 Class A Common Stock 1.51K Direct F1, F4
transaction STZ Restricted Stock Units Options Exercise $0 -361 -100% $0.00* 0 May 1, 2023 Class A Common Stock 361 Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -564 -50.04% $0.00 563 May 1, 2023 Class A Common Stock 564 Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -896 -33.35% $0.00 1.79K May 1, 2023 Class A Common Stock 896 Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -629 -25.03% $0.00 1.88K May 1, 2023 Class A Common Stock 629 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 July 2022 and 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.