William A. Newlands - 20 Jul 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
President & CEO, Director
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
20 Jul 2023
Net transactions value
-$7,060,750
Form type
4
Filing time
24 Jul 2023, 16:25:44 UTC
Previous filing
03 May 2023
Next filing
24 Oct 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 Conversion of derivative security +37,409 +175% 58,741 20 Jul 2023 Direct F3
transaction STZ Class A Common Stock Sale $785,354 -2,945 -5% $266.67 55,796 20 Jul 2023 Direct F4
transaction STZ Class A Common Stock Sale $10,132,982 -37,823 -68% $267.91 17,973 20 Jul 2023 Direct F5
transaction STZ Class A Common Stock Sale $2,322,678 -8,657 -48% $268.30 9,316 20 Jul 2023 Direct F6

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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -16,882 -100% $0.000000* 0 20 Jul 2023 Class 1 (convertible) Common Stock 16,882 $156.84 Direct F1
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -20,527 -100% $0.000000* 0 20 Jul 2023 Class 1 (convertible) Common Stock 20,527 $172.09 Direct F1
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2,647,773 +16,882 $156.84 16,882 20 Jul 2023 Class A Common Stock 16,882 Direct F2
transaction STZ Class 1 (convertible) Common Stock Options Exercise $3,532,491 +20,527 $172.09 20,527 20 Jul 2023 Class A Common Stock 20,527 Direct F2
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -37,409 -100% $0.000000* 0 20 Jul 2023 Class A Common Stock 37,409 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 100% of this option has become exercisable.
F2 Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the issuer on a one-to-one basis. In accordance with the certificate of incorporation of Constellation Brands, Inc., any shares of Class A Common Stock issued upon conversion of shares of Class 1 Common Stock must be sold immediately in connection with the conversion. Class 1 Common Stock is not traded on any stock exchange.
F3 The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.
F4 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $266.2400 to $267.2200, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F5 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $267.2600 to $268.2550, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F6 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $268.2600 to $268.3375, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.