Form 4 for STZ Constellation Brands
Accepted 2022-04-25 00:00:00 ET · period of report 2022-04-21 · accession 0000016918-22-000080 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-04-25 | 2022-04-22 | STZ | Bourdeau James O. | EVP, CLO | S - Sale | $254.25 | -12.9K | 1,628 | -89% | -$3.27M |
| D | 2022-04-25 | 2022-04-22 | STZ | Bourdeau James O. | EVP, CLO | C - Cnv Deriv | — | +9,160 | 14.5K | +172% | — |
| DM | 2022-04-25 | 2022-04-22 | STZ | Bourdeau James O. | EVP, CLO | M - OptEx | $0.00 | 0 | 0 | New | $0 |
| DM | 2022-04-25 | 2022-04-21 | STZ | Bourdeau James O. | EVP, CLO | A - Grant | $0.00 | +19.5K | 2,513 | New | $0 |
| D | 2022-04-25 | 2022-04-22 | STZ | Bourdeau James O. | EVP, CLO | C - Cnv Deriv | $0.00 | -9,160 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-04-22 | S | D | 4,580 | $253.70 | 9,908 | D | — | — | (F3) Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $253.1500 to $254.1100, 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. |
| 2 | Common | Class A Common Stock | 2022-04-22 | C | A | 9,160 | — | 14,488 | D | — | — | (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) Includes shares of Class A Common Stock acquired in July 2021 and January 2022 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan. |
| 3 | Common | Class A Common Stock | 2022-04-22 | S | D | 8,280 | $254.55 | 1,628 | D | — | — | (F4) Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $254.1700 to $255.1400, 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. |
| 4 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-04-22 | M | D | 5,910 | $0.00 | 0 | D | $117.12 · 2016-04-28 to 2025-04-28 | 5,910 Class 1 (convertible) Common Stock | (F8) 100% of this option has become exercisable. |
| 5 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-04-21 | A | A | 16,966 | $0.00 | 16,966 | D | $254.21 · 2023-04-21 to 2032-04-21 | 16,966 Class 1 (convertible) Common Stock | (F7) This option becomes exercisable at the rate of 25% per year beginning on the date specified. |
| 6 | Derivative | Class 1 (convertible) Common Stock | 2022-04-22 | C | D | 9,160 | $0.00 | 0 | D | — · — to — | 9,160 Class A Common Stock | (F9) 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. |
| 7 | Derivative | Class 1 (convertible) Common Stock | 2022-04-22 | M | A | 9,160 | — | 9,160 | D | — · — to — | 9,160 Class A Common Stock | (F10) The shares of Class 1 Common Stock were acquired at the following prices: 3,250 at $87.16 and 5,910 at $117.12. (F9) 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. |
| 8 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-04-22 | M | D | 3,250 | $0.00 | 0 | D | $87.16 · 2015-09-30 to 2024-09-30 | 3,250 Class 1 (convertible) Common Stock | (F8) 100% of this option has become exercisable. |
| 9 | Derivative | Restricted Stock Units | 2022-04-21 | A | A | 2,513 | $0.00 | 2,513 | D | — · 2023-05-01 to — | 2,513 Class A Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. (F6) These restricted stock units vest in four equal annual installments beginning on the date specified. Vested shares will be delivered to the reporting person as of each vesting date net of shares withheld to satisfy taxes. |