William A. Newlands - Nov 14, 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
President & CEO, Director
Signature
/s/ Matthew Stoloff, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Nov 14, 2024
Transactions value $
-$2,264,023
Form type
4
Date filed
11/15/2024, 05:08 PM
Previous filing
Oct 31, 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 +343.69% 32.3K Nov 14, 2024 Direct F1
transaction STZ Class A Common Stock Sale -$6.09M -25K -77.46% $243.58 7.27K Nov 14, 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 -25K -32.8% $0.00 51.2K Nov 14, 2024 Class 1 (convertible) Common Stock 25K $153.02 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $3.83M +25K $153.02 25K Nov 14, 2024 Class A Common Stock 25K Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -25K -100% $0.00 0 Nov 14, 2024 Class A Common Stock 25K 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 $243.5000 to $244.1950, 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.