Kaneenat Kristann Carey - 20 Jul 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief HR Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
20 Jul 2023
Net transactions value
-$360,656
Form type
4
Filing time
24 Jul 2023, 16:27:06 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 +5,682 +318% 7,469 20 Jul 2023 Direct F4
transaction STZ Class A Common Stock Sale $1,528,458 -5,682 -76% $269.00 1,787 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 -2,029 -100% $0.000000* 0 20 Jul 2023 Class 1 (convertible) Common Stock 2,029 $228.26 Direct F1
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -2,675 -100% $0.000000* 0 20 Jul 2023 Class 1 (convertible) Common Stock 2,675 $207.48 Direct F1
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -978 -50% $0.000000 977 20 Jul 2023 Class 1 (convertible) Common Stock 978 $153.02 Direct F2
transaction STZ Class 1 (convertible) Common Stock Options Exercise $463,140 +2,029 $228.26 2,029 20 Jul 2023 Class A Common Stock 2,029 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $555,009 +2,675 $207.48 2,675 20 Jul 2023 Class A Common Stock 2,675 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $149,654 +978 $153.02 978 20 Jul 2023 Class A Common Stock 978 Direct F3
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -5,682 -100% $0.000000* 0 20 Jul 2023 Class A Common Stock 5,682 Direct F3
* 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 This option, representing a right to purchase a total of 3,911 shares, becomes exercisable at the rate of 25% per year beginning on the date specified.
F3 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.
F4 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.