Form 4 for STZ Constellation Brands
Accepted 2023-07-25 00:00:00 ET · period of report 2023-07-21 · accession 0000016918-23-000173 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-07-25 | 2023-07-24 | STZ | MCCARTHY DANIEL J | Dir | C - Cnv Deriv | — | +1,267 | 4,968 | +34% | — |
| D | 2023-07-25 | 2023-07-24 | STZ | MCCARTHY DANIEL J | Dir | S - Sale | $269.86 | -1,736 | 3,232 | -35% | -$468.5K |
| DM | 2023-07-25 | 2023-07-24 | STZ | MCCARTHY DANIEL J | Dir | M - OptEx | $83.17 | 0 | 0 | New | $0 |
| DM | 2023-07-25 | 2023-07-21 | STZ | MCCARTHY DANIEL J | Dir | A - Grant | $0.00 | +1,121 | 463 | New | $0 |
| D | 2023-07-25 | 2023-07-24 | STZ | MCCARTHY DANIEL J | Dir | C - Cnv Deriv | $0.00 | -1,267 | 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 | 2023-07-24 | C | A | 1,267 | — | 4,968 | D | — | — | (F5) 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. |
| 2 | Common | Class A Common Stock | 2023-07-24 | S | D | 1,736 | $269.86 | 3,232 | D | — | — | (F6) Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $269.8103 to $269.8800, 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 | Derivative | Class 1 (convertible) Common Stock | 2023-07-24 | M | A | 1,267 | $166.34 | 1,267 | D | — · — to — | 1,267 Class A Common Stock | (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. |
| 4 | Derivative | Non-Qualified Stock Option (right to buy) | 2023-07-21 | A | A | 658 | $0.00 | 658 | D | $269.50 · 2024-01-21 to 2033-07-21 | 658 Class 1 (convertible) Common Stock | |
| 5 | Derivative | Non-Qualified Stock Option (right to buy) | 2023-07-24 | M | D | 1,267 | $0.00 | 0 | D | $166.34 · 2017-01-20 to 2026-07-20 | 1,267 Class 1 (convertible) Common Stock | (F3) 100% of this option has become exercisable. |
| 6 | Derivative | Restricted Stock Units | 2023-07-21 | A | A | 463 | $0.00 | 463 | D | — · 2024-07-10 to — | 463 Class A Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. (F2) All of these restricted stock units vest on the date specified. Vested shares will be delivered to the reporting person as of the vesting date. |
| 7 | Derivative | Class 1 (convertible) Common Stock | 2023-07-24 | C | D | 1,267 | $0.00 | 0 | D | — · — to — | 1,267 Class A Common Stock | (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. |