Kaneenat Kristann Carey - Jul 20, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Chief HR Officer
Signature
/s/ Brian S. Bennett, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Jul 20, 2023
Transactions value $
-$360,656
Form type
4
Date filed
7/24/2023, 04:27 PM
Previous filing
May 3, 2023
Next filing
Apr 11, 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 +5.68K +317.96% 7.47K Jul 20, 2023 Direct F4
transaction STZ Class A Common Stock Sale -$1.53M -5.68K -76.07% $269.00 1.79K Jul 20, 2023 Direct

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 -2.03K -100% $0.00* 0 Jul 20, 2023 Class 1 (convertible) Common Stock 2.03K $228.26 Direct F1
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -2.68K -100% $0.00* 0 Jul 20, 2023 Class 1 (convertible) Common Stock 2.68K $207.48 Direct F1
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -978 -50.03% $0.00 977 Jul 20, 2023 Class 1 (convertible) Common Stock 978 $153.02 Direct F2
transaction STZ Class 1 (convertible) Common Stock Options Exercise $463K +2.03K $228.26 2.03K Jul 20, 2023 Class A Common Stock 2.03K Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $555K +2.68K $207.48 2.68K Jul 20, 2023 Class A Common Stock 2.68K Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $150K +978 $153.02 978 Jul 20, 2023 Class A Common Stock 978 Direct F3
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -5.68K -100% $0.00* 0 Jul 20, 2023 Class A Common Stock 5.68K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 100% of this option has become exercisable.
F2 This option, representing a right to purchase a total of 3,911 shares, becomes exercisable at the rate of 25% per year beginning on the date specified.
F3 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.
F4 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.