Ernesto M. Hernandez - Aug 4, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Director
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Aug 4, 2023
Transactions value $
-$672,272
Form type
4
Date filed
8/7/2023, 04:37 PM
Previous filing
Jul 25, 2023
Next filing
Sep 5, 2023

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 +5.09K +139.38% 8.74K Aug 4, 2023 Direct F1
transaction STZ Class A Common Stock Sale -$1.37M -5.09K -58.23% $269.00 3.65K Aug 4, 2023 Direct F2

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 -1.61K -100% $0.00* 0 Aug 4, 2023 Class 1 (convertible) Common Stock 1.61K $87.13 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.17K -100% $0.00* 0 Aug 4, 2023 Class 1 (convertible) Common Stock 1.17K $119.37 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.27K -100% $0.00* 0 Aug 4, 2023 Class 1 (convertible) Common Stock 1.27K $166.34 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.04K -100% $0.00* 0 Aug 4, 2023 Class 1 (convertible) Common Stock 1.04K $197.18 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $140K +1.61K $87.13 1.61K Aug 4, 2023 Class A Common Stock 1.61K Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $140K +1.17K $119.37 1.17K Aug 4, 2023 Class A Common Stock 1.17K Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $211K +1.27K $166.34 1.27K Aug 4, 2023 Class A Common Stock 1.27K Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $205K +1.04K $197.18 1.04K Aug 4, 2023 Class A Common Stock 1.04K Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -5.09K -100% $0.00* 0 Aug 4, 2023 Class A Common Stock 5.09K 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 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $268.9800 to $269.0400, 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.
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.