James O. Bourdeau - Aug 3, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief Legal Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Aug 3, 2023
Transactions value $
-$2,091,700
Form type
4
Date filed
8/7/2023, 04:36 PM
Previous filing
May 3, 2023
Next filing
Apr 11, 2024

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 +30.7K +557.59% 36.2K Aug 3, 2023 Direct F1, F2
transaction STZ Class A Common Stock Sale -$8.26M -30.7K -84.82% $269.00 5.5K Aug 3, 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 -4.55K -100% $0.00* 0 Aug 3, 2023 Class 1 (convertible) Common Stock 4.55K $156.84 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.49K -100% $0.00* 0 Aug 3, 2023 Class 1 (convertible) Common Stock 4.49K $172.09 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -9.04K -100% $0.00* 0 Aug 3, 2023 Class 1 (convertible) Common Stock 9.04K $228.26 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -12.6K -100% $0.00* 0 Aug 3, 2023 Class 1 (convertible) Common Stock 12.6K $207.48 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $714K +4.55K $156.84 4.55K Aug 3, 2023 Class A Common Stock 4.55K Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $772K +4.49K $172.09 4.49K Aug 3, 2023 Class A Common Stock 4.49K Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2.06M +9.04K $228.26 9.04K Aug 3, 2023 Class A Common Stock 9.04K Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2.62M +12.6K $207.48 12.6K Aug 3, 2023 Class A Common Stock 12.6K Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -30.7K -100% $0.00* 0 Aug 3, 2023 Class A Common Stock 30.7K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes shares of Class A Common Stock acquired in July 2023 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
F3 100% of this option has become exercisable.
F4 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.