James A. Sabia Jr. - Apr 12, 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Pres. Beer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Apr 12, 2024
Transactions value $
-$3,210,484
Form type
4
Date filed
4/16/2024, 04:34 PM
Previous filing
Apr 11, 2024
Next filing
Apr 29, 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 +8.11K +28.38% 36.7K Apr 12, 2024 Direct F1
transaction STZ Class A Common Stock Sale -$4.16M -15.8K -43.01% $263.63 20.9K Apr 12, 2024 Direct F2
holding STZ Class A Common Stock 3.24K Apr 12, 2024 by Family Trust F3

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 -8.11K -100% $0.00* 0 Apr 12, 2024 Class 1 (convertible) Common Stock 8.11K $117.12 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $950K +8.11K $117.12 8.11K Apr 12, 2024 Class A Common Stock 8.11K Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -8.11K -100% $0.00* 0 Apr 12, 2024 Class A Common Stock 8.11K Direct F5
* 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 $263.2200 to $ 263.7701, 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 Held by the James A., Jr. and Brooke M. Sabia Trust, of which the reporting person and his spouse are trustees and beneficiaries.
F4 100% of this option has become exercisable.
F5 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.