Michael McGrew - 03 May 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP, Chief Com, Strt, ESG, Div
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
03 May 2024
Net transactions value
-$482,149
Form type
4
Filing time
07 May 2024, 16:40:35 UTC
Previous filing
03 May 2024
Next filing
29 Apr 2025
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 +1,934 +64% 4,968 03 May 2024 Direct F1
transaction STZ Class A Common Stock Sale $827,043 -3,237 -65% $255.50 1,731 03 May 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% $0.000000* 0 03 May 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% $0.000000* 0 03 May 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% $0.000000* 0 03 May 2024 Class 1 (convertible) Common Stock 418 $228.26 Direct F3, F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $117,316 +748 $156.84 748 03 May 2024 Class A Common Stock 748 Direct F5
transaction STZ Class 1 (convertible) Common Stock Options Exercise $132,165 +768 $172.09 768 03 May 2024 Class A Common Stock 768 Direct F5
transaction STZ Class 1 (convertible) Common Stock Options Exercise $95,413 +418 $228.26 418 03 May 2024 Class A Common Stock 418 Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -1,934 -100% $0.000000* 0 03 May 2024 Class A Common Stock 1,934 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.