Constellation Brands (STZ) CEO awarded 7,430 performance share units vesting 2026
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newlands William A reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands President & CEO William A. Newlands received a grant of 7,430 Performance Share Units, each tied to one share of Class A Common Stock. The grant date reflects when performance criteria were satisfied. These units are scheduled to vest on May 1, 2026 if he remains in continuous service, with shares delivered net of tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Newlands William A
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 7,430 | $0.00 | -- |
Holdings After Transaction:
Performance Share Units — 7,430 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. Represents the date that the performance criteria with respect to the performance share units was satisfied. The performance share units vest on May 1, 2026 if the reporting person remains in continuous service with the Constellation Brands, Inc. through such date. Vested shares will be delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes.
Key Figures
Performance Share Units granted: 7,430 units
Underlying shares: 7,430 shares
Transaction price per unit: $0.0000
+2 more
5 metrics
Performance Share Units granted
7,430 units
Grant of Performance Share Units to President & CEO
Underlying shares
7,430 shares
Each unit represents one share of Class A Common Stock
Transaction price per unit
$0.0000
Stock-based award, no cash price on grant
Vesting date
May 1, 2026
Units vest if continuous service is maintained
Total units after transaction
7,430 units
Holdings of Performance Share Units following this grant
Key Terms
Performance Share Units, contingent right, vest, continuous service, +1 more
5 terms
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock"
vest financial
"The performance share units vest on May 1, 2026 if the reporting person remains"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"vest on May 1, 2026 if the reporting person remains in continuous service"
FAQ
What insider transaction did Constellation Brands (STZ) report for William A. Newlands?
Constellation Brands reported that President & CEO William A. Newlands received 7,430 Performance Share Units. These are stock-based awards that can convert into shares of Class A Common Stock if vesting conditions, including continued service, are satisfied through the specified vesting date.
Is the reported Constellation Brands (STZ) Form 4 transaction a market purchase or sale?
The Form 4 reflects a grant of Performance Share Units, not a market purchase or sale. It is classified as an acquisition through a grant or award, with no price per share and settlement in stock upon vesting rather than an open-market trade on the grant date.