Ernesto M. Hernandez - 04 Aug 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Director
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
04 Aug 2023
Net transactions value
-$672,272
Form type
4
Filing time
07 Aug 2023, 16:37:41 UTC
Previous filing
25 Jul 2023
Next filing
05 Sep 2023
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 +5,086 +139% 8,735 04 Aug 2023 Direct F1
transaction STZ Class A Common Stock Sale $1,368,121 -5,086 -58% $269.00 3,649 04 Aug 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 -1,606 -100% $0.000000* 0 04 Aug 2023 Class 1 (convertible) Common Stock 1,606 $87.13 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,172 -100% $0.000000* 0 04 Aug 2023 Class 1 (convertible) Common Stock 1,172 $119.37 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,267 -100% $0.000000* 0 04 Aug 2023 Class 1 (convertible) Common Stock 1,267 $166.34 Direct F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,041 -100% $0.000000* 0 04 Aug 2023 Class 1 (convertible) Common Stock 1,041 $197.18 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $139,931 +1,606 $87.13 1,606 04 Aug 2023 Class A Common Stock 1,606 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $139,902 +1,172 $119.37 1,172 04 Aug 2023 Class A Common Stock 1,172 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $210,753 +1,267 $166.34 1,267 04 Aug 2023 Class A Common Stock 1,267 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $205,264 +1,041 $197.18 1,041 04 Aug 2023 Class A Common Stock 1,041 Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -5,086 -100% $0.000000* 0 04 Aug 2023 Class A Common Stock 5,086 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.