Bourdeau James O - 01 May 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief Legal Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
01 May 2023
Net transactions value
-$403,823
Form type
4
Filing time
03 May 2023, 16:36:47 UTC
Previous filing
26 Apr 2023
Next filing
07 Aug 2023
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 +1,512 +47% $0.000000 4,758 01 May 2023 Direct F1, F2
transaction STZ Class A Common Stock Options Exercise $0 +2,450 +51% $0.000000 7,208 01 May 2023 Direct F3
transaction STZ Class A Common Stock Tax liability $403,823 -1,754 -24% $230.23 5,454 01 May 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 -1,512 -100% $0.000000* 0 01 May 2023 Class A Common Stock 1,512 Direct F1, F4
transaction STZ Restricted Stock Units Options Exercise $0 -361 -100% $0.000000* 0 01 May 2023 Class A Common Stock 361 Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -564 -50% $0.000000 563 01 May 2023 Class A Common Stock 564 Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -896 -33% $0.000000 1,791 01 May 2023 Class A Common Stock 896 Direct F3, F5
transaction STZ Restricted Stock Units Options Exercise $0 -629 -25% $0.000000 1,884 01 May 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.