Bourdeau James O - 03 Aug 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief Legal Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
03 Aug 2023
Net transactions value
-$2,091,700
Form type
4
Filing time
07 Aug 2023, 16:36:42 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 +30,723 +558% 36,233 03 Aug 2023 Direct F1, F2
transaction STZ Class A Common Stock Sale $8,264,487 -30,723 -85% $269.00 5,500 03 Aug 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 -4,554 -100% $0.000000* 0 03 Aug 2023 Class 1 (convertible) Common Stock 4,554 $156.84 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,487 -100% $0.000000* 0 03 Aug 2023 Class 1 (convertible) Common Stock 4,487 $172.09 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -9,037 -100% $0.000000* 0 03 Aug 2023 Class 1 (convertible) Common Stock 9,037 $228.26 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -12,645 -100% $0.000000* 0 03 Aug 2023 Class 1 (convertible) Common Stock 12,645 $207.48 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $714,249 +4,554 $156.84 4,554 03 Aug 2023 Class A Common Stock 4,554 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $772,168 +4,487 $172.09 4,487 03 Aug 2023 Class A Common Stock 4,487 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2,062,786 +9,037 $228.26 9,037 03 Aug 2023 Class A Common Stock 9,037 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $2,623,585 +12,645 $207.48 12,645 03 Aug 2023 Class A Common Stock 12,645 Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -30,723 -100% $0.000000* 0 03 Aug 2023 Class A Common Stock 30,723 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.