Daniel J. Mccarthy - 26 Jul 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Director
Signature
/s/ Matthew Stoloff, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
26 Jul 2024
Net transactions value
-$216,557
Form type
4
Filing time
30 Jul 2024, 17:04:14 UTC
Previous filing
18 Jul 2024
Next filing
14 Jul 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 +1,391 +38% 5,086 26 Jul 2024 Direct F1
transaction STZ Class A Common Stock Sale $468,009 -1,854 -36% $252.43 3,232 26 Jul 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 -1,391 -100% $0.000000* 0 26 Jul 2024 Class 1 (convertible) Common Stock 1,391 $180.77 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $251,451 +1,391 $180.77 1,391 26 Jul 2024 Class A Common Stock 1,391 Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -1,391 -100% $0.000000* 0 26 Jul 2024 Class A Common Stock 1,391 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 $252.4174 to $252.4750, 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.