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

Role
President & CEO, Director
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Jul 20, 2023
Transactions value $
-$7,060,750
Form type
4
Date filed
7/24/2023, 04:25 PM
Previous filing
May 3, 2023
Next filing
Oct 24, 2023

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 +37.4K +175.37% 58.7K Jul 20, 2023 Direct F3
transaction STZ Class A Common Stock Sale -$785K -2.95K -5.01% $266.67 55.8K Jul 20, 2023 Direct F4
transaction STZ Class A Common Stock Sale -$10.1M -37.8K -67.79% $267.91 18K Jul 20, 2023 Direct F5
transaction STZ Class A Common Stock Sale -$2.32M -8.66K -48.17% $268.30 9.32K Jul 20, 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 -16.9K -100% $0.00* 0 Jul 20, 2023 Class 1 (convertible) Common Stock 16.9K $156.84 Direct F1
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -20.5K -100% $0.00* 0 Jul 20, 2023 Class 1 (convertible) Common Stock 20.5K $172.09 Direct F1
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2.65M +16.9K $156.84 16.9K Jul 20, 2023 Class A Common Stock 16.9K Direct F2
transaction STZ Class 1 (convertible) Common Stock Options Exercise $3.53M +20.5K $172.09 20.5K Jul 20, 2023 Class A Common Stock 20.5K Direct F2
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -37.4K -100% $0.00* 0 Jul 20, 2023 Class A Common Stock 37.4K 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.