Form 4 for STZ Constellation Brands
Accepted 2023-07-24 00:00:00 ET · period of report 2023-07-20 · accession 0000016918-23-000146 · 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 | 2023-07-24 | 2023-07-20 | STZ | Newlands William A | Pres, CEO, Dir | S - Sale | $267.90 | -49.4K | 55.8K | -47% | -$13.24M |
| D | 2023-07-24 | 2023-07-20 | STZ | Newlands William A | Pres, CEO, Dir | C - Cnv Deriv | — | +37.4K | 58.7K | +175% | — |
| D | 2023-07-24 | 2023-07-20 | STZ | Newlands William A | Pres, CEO, Dir | C - Cnv Deriv | $0.00 | -37.4K | 0 | -100% | $0 |
| DM | 2023-07-24 | 2023-07-20 | STZ | Newlands William A | Pres, CEO, Dir | M - OptEx | $82.60 | 0 | 0 | New | $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 | 2023-07-20 | S | D | 8,657 | $268.30 | 9,316 | D | — | — | (F6) Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $268.2600 to $268.3375, 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 | 2023-07-20 | S | D | 37,823 | $267.91 | 17,973 | D | — | — | (F5) Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $267.2600 to $268.2550, 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. |
| 3 | Common | Class A Common Stock | 2023-07-20 | C | A | 37,409 | — | 58,741 | D | — | — | (F3) 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. |
| 4 | Common | Class A Common Stock | 2023-07-20 | S | D | 2,945 | $266.67 | 55,796 | D | — | — | (F4) Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $266.2400 to $267.2200, 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. |
| 5 | Derivative | Class 1 (convertible) Common Stock | 2023-07-20 | C | D | 37,409 | $0.00 | 0 | D | — · — to — | 37,409 Class A Common Stock | (F2) 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. |
| 6 | Derivative | Class 1 (convertible) Common Stock | 2023-07-20 | M | A | 20,527 | $172.09 | 20,527 | D | — · — to — | 20,527 Class A Common Stock | (F2) 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 | 2023-07-20 | M | A | 16,882 | $156.84 | 16,882 | D | — · — to — | 16,882 Class A Common Stock | (F2) 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) | 2023-07-20 | M | D | 20,527 | $0.00 | 0 | D | $172.09 · 2018-04-21 to 2027-04-21 | 20,527 Class 1 (convertible) Common Stock | (F1) 100% of this option has become exercisable. |
| 9 | Derivative | Non-Qualified Stock Option (right to buy) | 2023-07-20 | M | D | 16,882 | $0.00 | 0 | D | $156.84 · 2017-04-25 to 2026-04-25 | 16,882 Class 1 (convertible) Common Stock | (F1) 100% of this option has become exercisable. |