Robert Lee Hanson - 20 Jul 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Pres. Wine and Spirits
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
20 Jul 2023
Net transactions value
-$1,021,763
Form type
4
Filing time
24 Jul 2023, 16:27:44 UTC
Previous filing
03 May 2023
Next filing
22 Jan 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 +12,299 +104% 24,161 20 Jul 2023 Direct F3
transaction STZ Class A Common Stock Sale $3,297,324 -12,299 -51% $268.10 11,862 20 Jul 2023 Direct F4

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 -12,299 -100% $0.000000* 0 20 Jul 2023 Class 1 (convertible) Common Stock 12,299 $185.02 Direct F1
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2,275,561 +12,299 $185.02 12,299 20 Jul 2023 Class A Common Stock 12,299 Direct F2
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -12,299 -100% $0.000000* 0 20 Jul 2023 Class A Common Stock 12,299 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 $268.0000 to $268.2800, 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.