Garth Hankinson - 08 Aug 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Reporting relationship: EVP & CFO
Issuer ticker: STZ
Reported as of: 08 Aug 2024
Net transaction value: -$2,590,094
SEC form: 4
Accepted by SEC: 12 Aug 2024, 17:20:50 UTC
Prior SEC filing: 03 May 2024
Next SEC filing: 29 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Brian Bennett, Attorney-in-fact

Key filing fact

Garth Hankinson filed Form 4 for CONSTELLATION BRANDS, INC. (STZ) on 12 Aug 2024.

Key facts

This page summarizes Garth Hankinson's Form 4 filing for CONSTELLATION BRANDS, INC. (STZ).
20 reported transactions and 16 derivative rows are listed below.
Accepted by SEC: 12 Aug 2024, 17:20.

Change

Previous filing in this sequence was filed on 03 May 2024.
Current net transaction value: -$2,590,094.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

STZ transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +13,583
Change %: +116%
Price
Shares after: 25,285
Date: 08 Aug 2024
Ownership: Direct
Footnotes: F1

STZ transaction

Class A Common Stock

Sale

Transaction value: $3,259,920
Shares: -13,583
Change %: -54%
Price: $240.00
Shares after: 11,702
Date: 08 Aug 2024
Ownership: Direct

STZ transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +20,097
Change %: +172%
Price
Shares after: 31,799
Date: 09 Aug 2024
Ownership: Direct
Footnotes: F1

STZ transaction

Class A Common Stock

Sale

Transaction value: $4,826,574
Shares: -20,097
Change %: -63%
Price: $240.16
Shares after: 11,702
Date: 09 Aug 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -1,470
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 1,470
Exercise price: $117.12
Footnotes: F3

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,267
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 2,267
Exercise price: $156.84
Footnotes: F3

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,464
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 2,464
Exercise price: $172.09
Footnotes: F3

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,439
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 2,439
Exercise price: $228.26
Footnotes: F3

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,870
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 2,870
Exercise price: $207.48
Footnotes: F3

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,073
Change %: -9.4%
Price: $0.000000
Shares after: 20,097
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 2,073
Exercise price: $153.02
Footnotes: F3

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $172,166
Shares: +1,470
Change %
Price: $117.12
Shares after: 1,470
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,470
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $355,556
Shares: +2,267
Change %
Price: $156.84
Shares after: 2,267
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,267
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $424,030
Shares: +2,464
Change %
Price: $172.09
Shares after: 2,464
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,464
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $556,726
Shares: +2,439
Change %
Price: $228.26
Shares after: 2,439
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,439
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $595,468
Shares: +2,870
Change %
Price: $207.48
Shares after: 2,870
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,870
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $317,210
Shares: +2,073
Change %
Price: $153.02
Shares after: 2,073
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,073
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -13,583
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 13,583
Exercise price
Footnotes: F4

STZ transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -20,097
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 09 Aug 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 20,097
Exercise price: $153.02
Footnotes: F3

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $3,075,243
Shares: +20,097
Change %
Price: $153.02
Shares after: 20,097
Date: 09 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 20,097
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -20,097
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 09 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 20,097
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $240.0000 to $240.6200, 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.

Footnote F3

100% of this option has become exercisable.

Footnote 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.