Michael McGrew - May 3, 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
May 3, 2024
Transactions value $
-$482,149
Form type
4
Date filed
5/7/2024, 04:40 PM
Previous filing
May 3, 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 +1.93K +63.74% 4.97K May 3, 2024 Direct F1
transaction STZ Class A Common Stock Sale -$827K -3.24K -65.16% $255.50 1.73K May 3, 2024 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 -748 -100% $0.00* 0 May 3, 2024 Class 1 (convertible) Common Stock 748 $156.84 Direct F3, F4
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -768 -100% $0.00* 0 May 3, 2024 Class 1 (convertible) Common Stock 768 $172.09 Direct F3, F4
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -418 -100% $0.00* 0 May 3, 2024 Class 1 (convertible) Common Stock 418 $228.26 Direct F3, F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $117K +748 $156.84 748 May 3, 2024 Class A Common Stock 748 Direct F5
transaction STZ Class 1 (convertible) Common Stock Options Exercise $132K +768 $172.09 768 May 3, 2024 Class A Common Stock 768 Direct F5
transaction STZ Class 1 (convertible) Common Stock Options Exercise $95.4K +418 $228.26 418 May 3, 2024 Class A Common Stock 418 Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -1.93K -100% $0.00* 0 May 3, 2024 Class A Common Stock 1.93K 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 $255.4000 to $255.6100, 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 Reflects the transfer of certain options to the reporting person's former spouse.
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.