Garth Hankinson - 20 Jul 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & CFO
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
20 Jul 2023
Net transactions value
-$291,943
Form type
4
Filing time
24 Jul 2023, 16:26:18 UTC
Previous filing
03 May 2023
Next filing
11 Apr 2024
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 +1,550 +16% 11,041 20 Jul 2023 Direct F3
transaction STZ Class A Common Stock Sale $415,338 -1,550 -14% $267.96 9,491 20 Jul 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,550 -100% $0.000000* 0 20 Jul 2023 Class 1 (convertible) Common Stock 1,550 $79.61 Direct F1
transaction STZ Class 1 (convertible) Common Stock Options Exercise $123,396 +1,550 $79.61 1,550 20 Jul 2023 Class A Common Stock 1,550 Direct F2
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -1,550 -100% $0.000000* 0 20 Jul 2023 Class A Common Stock 1,550 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.