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

Reporting relationship: President & CEO, Director
Issuer ticker: STZ
Reported as of: 14 Nov 2024
Net transaction value: -$2,264,022
SEC form: 4
Accepted by SEC: 15 Nov 2024, 17:08:52 UTC
Prior SEC filing: 31 Oct 2024
Next SEC filing: 04 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Matthew Stoloff, Attorney-in-fact

Key filing fact

William A. Newlands filed Form 4 for CONSTELLATION BRANDS, INC. (STZ) on 15 Nov 2024.

Key facts

This page summarizes William A. Newlands's Form 4 filing for CONSTELLATION BRANDS, INC. (STZ).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 15 Nov 2024, 17:08.

Change

Previous filing in this sequence was filed on 31 Oct 2024.
Current net transaction value: -$2,264,022.

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: +25,000
Change %: +344%
Price
Shares after: 32,274
Date: 14 Nov 2024
Ownership: Direct
Footnotes: F1

STZ transaction

Class A Common Stock

Sale

Transaction value: $6,089,522
Shares: -25,000
Change %: -77%
Price: $243.58
Shares after: 7,274
Date: 14 Nov 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: -25,000
Change %: -33%
Price: $0.000000
Shares after: 51,208
Date: 14 Nov 2024
Ownership: Direct
Underlying class: Class 1 (convertible) Common Stock
Underlying amount: 25,000
Exercise price: $153.02
Footnotes: F3

STZ transaction Derivative

Class 1 (convertible) Common Stock

Options Exercise

Transaction value: $3,825,500
Shares: +25,000
Change %
Price: $153.02
Shares after: 25,000
Date: 14 Nov 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 25,000
Exercise price
Footnotes: F4

STZ transaction Derivative

Class 1 (convertible) Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -25,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 14 Nov 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 25,000
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 $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.

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.