William A. Newlands - 01 May 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: President & CEO, Director
Signature: /s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol: STZ
Transactions as of: 01 May 2024
Transactions value $: -$1,631,629
Form type: 4
Filing time: 03 May 2024, 16:40:23 UTC
Previous filing: 29 Apr 2024
Next filing: 14 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STZ	Class A Common Stock	Options Exercise	$0	+4.59K	+85.06%	$0.00	9.98K	01 May 2024	Direct	F1
transaction	STZ	Class A Common Stock	Options Exercise	$0	+11.1K	+111.59%	$0.00	21.1K	01 May 2024	Direct	F2
transaction	STZ	Class A Common Stock	Tax liability	-$1.63M	-6.43K	-30.41%	$253.95	14.7K	01 May 2024	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	Performance Share Units	Options Exercise	$0	-4.59K	-100%	$0.00^*	0	01 May 2024	Class A Common Stock	4.59K		Direct	F1, F3
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-2.57K	-100%	$0.00^*	0	01 May 2024	Class A Common Stock	2.57K		Direct	F2, F4
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-1.65K	-50%	$0.00	1.65K	01 May 2024	Class A Common Stock	1.65K		Direct	F2, F4
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-2.46K	-33.34%	$0.00	4.92K	01 May 2024	Class A Common Stock	2.46K		Direct	F2, F4
transaction	STZ	Restricted Stock Units	Options Exercise	$0	-4.46K	-33.33%	$0.00	8.91K	01 May 2024	Class A Common Stock	4.46K		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance share unit represents a contingent right to receive one share of Class A Common Stock.
F2	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3	The performance share units disposed of in the reported transaction vested on May 1, 2024. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
F4	The restricted stock units vest in four equal annual installments beginning on the date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2024. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
F5	The restricted stock units vest in three equal annual installments beginning on the date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2024. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.