William A. Newlands - May 10, 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
President & CEO, Director
Signature
/s/ Brian Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
May 10, 2024
Transactions value $
-$2,713,063
Form type
4
Date filed
5/14/2024, 04:32 PM
Previous filing
May 3, 2024
Next filing
Oct 2, 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 +25K +170.07% 39.7K May 10, 2024 Direct F1
transaction STZ Class A Common Stock Sale -$4.92M -18.8K -47.38% $261.38 20.9K May 10, 2024 Direct F2
transaction STZ Class A Common Stock Sale -$1.62M -6.19K -29.63% $262.05 14.7K May 10, 2024 Direct 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 -25K -24.7% $0.00 76.2K May 10, 2024 Class 1 (convertible) Common Stock 25K $153.02 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $3.83M +25K $153.02 25K May 10, 2024 Class A Common Stock 25K Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -25K -100% $0.00* 0 May 10, 2024 Class A Common Stock 25K 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 $260.7530 to $261.7400, 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 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $261.7550 to $262.1550, 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.
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.