Constellation Brands (NYSE: STZ) EVP settles RSUs and PSUs with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CONSTELLATION BRANDS, INC. executive Jeffrey H. LaBarge, EVP, CLO & Secretary, reported routine equity compensation activity involving restricted stock units and performance share units. On May 1, 2026, he exercised derivative awards covering 1,558 shares of Class A Common Stock and had 507 shares withheld to cover tax obligations at $152.82 per share.
The filing shows derivative exercises coded "M" and a tax-withholding disposition coded "F," with no open‑market purchases or sales. After the transactions, LaBarge directly held 5,441 Class A shares, and the derivativeSummary indicates no remaining derivative awards in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,558 shares exercised/converted
Mixed
9 txns
Insider
LaBarge Jeffrey H.
Role
EVP, CLO, & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 127 | $0.00 | -- |
| Exercise | Restricted Stock Units | 327 | $0.00 | -- |
| Exercise | Restricted Stock Units | 210 | $0.00 | -- |
| Exercise | Restricted Stock Units | 138 | $0.00 | -- |
| Exercise | Restricted Stock Units | 220 | $0.00 | -- |
| Exercise | Restricted Stock Units | 536 | $0.00 | -- |
| Exercise | Class A Common Stock | 127 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,431 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 507 | $152.82 | $77K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 4,517 shares (Direct, null)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. The performance share units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes. 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, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes. 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, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
Key Figures
Tax-withheld shares: 507 shares
Tax-withholding price: $152.82/share
Derivative exercises: 1,558 shares
+3 more
6 metrics
Tax-withheld shares
507 shares
Class A Common Stock withheld at $152.82/share for taxes on 2026-05-01
Tax-withholding price
$152.82/share
Value used for 507-share tax-withholding disposition on 2026-05-01
Derivative exercises
1,558 shares
Exercise or conversion of derivative securities into Class A shares
Shares owned after transactions
5,441 shares
Direct Class A Common Stock holdings following transactions
Restricted stock units exercised
1,431 units
Non-derivative entry reflecting exercise at $0.00 per unit
Single PSU conversion
127 units
Performance share units converting into Class A Common Stock
Key Terms
Restricted Stock Units, Performance Share Units, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"The filing lists "Restricted Stock Units" as derivative securities converting into Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"A transaction coded "F" is described as a tax-withholding disposition to satisfy tax liability."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Transaction code descriptions reference the exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each unit represents a contingent right to receive one share of Class A Common Stock."
FAQ
What did Constellation Brands (STZ) executive Jeffrey LaBarge report in this Form 4?
Jeffrey H. LaBarge reported routine equity compensation activity. He exercised derivative awards converting into Class A Common Stock and had shares withheld to satisfy taxes, with no open-market buying or selling disclosed in this filing.
What types of equity awards were involved for Constellation Brands (STZ) in this Form 4?
The Form 4 lists restricted stock units and performance share units. Each unit represents a contingent right to receive one share of Constellation Brands Class A Common Stock, which converted into shares as they vested on the reported date.