Constellation Brands EVP exercises share units

CONSTELLATION BRANDS, INC.

Rhea-AI Filing Summary

CONSTELLATION BRANDS, INC. EVP, MD, Beer Brands Mallika Monteiro reported compensation-related share activity in Class A Common Stock. On May 1, 2026, she exercised or converted share units into a total of 2,937 shares, reflecting vesting of restricted stock units and performance share units.

To cover tax obligations, 730 shares were disposed of at $152.82 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, she directly holds 8,776 Class A shares and indirectly holds 1 share through her husband, illustrating a routine vesting and net share acquisition rather than discretionary trading.

Insider Trade Summary

2,937 shares exercised/converted

Exercise 9 txns

Insider Monteiro Mallika

Role EVP, MD, Beer Brands

Type	Security	Shares	Price	Value
Exercise	Performance Share Units	990	$0.00	$0.00
Exercise	Restricted Stock Units	327	$0.00	$0.00
Exercise	Restricted Stock Units	594	$0.00	$0.00
Exercise	Restricted Stock Units	306	$0.00	$0.00
Exercise	Restricted Stock Units	720	$0.00	$0.00
Exercise	Class A Common Stock	990	$0.00	$0.00
Exercise	Class A Common Stock	1,947	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	730	$152.82	$112K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Performance Share Units — 0 contracts (Direct); Restricted Stock Units — 1,745 contracts (Direct); Class A Common Stock — 8,776 shares (Direct); Class A Common Stock — 1 shares (Indirect, By husband)

Footnotes (6)

1. F1. Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
2. F2. Includes shares of Constellation Brands, Inc. Class A Common Stock acquired in July 2025 and January 2026 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
3. F3. Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
4. F4. 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.
5. F5. 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.
6. F6. 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-withholding shares: 730 shares Tax-withholding price: $152.82 per share Shares from unit exercises: 2,937 shares +4 more

7 metrics

Tax-withholding shares 730 shares Disposed to cover taxes at $152.82 on May 1, 2026

Tax-withholding price $152.82 per share Price for 730 shares used to satisfy tax liability

Shares from unit exercises 2,937 shares Total shares from derivative exercises/conversions on May 1, 2026

Direct holdings after transactions 8,776 shares Class A Common Stock directly held after May 1, 2026

Indirect holdings after transactions 1 share Class A Common Stock held indirectly through husband

RSU exercise block 720 shares Restricted stock units converted into Class A Common Stock

Performance share unit exercise 990 shares Performance share units converted into Class A Common Stock

Key Terms

Restricted Stock Units, Performance Share Units, tax-withholding disposition, Class A Common Stock

4 terms

Restricted Stock Units financial

"The restricted stock units vest in four equal annual installments"

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.

Performance Share Units financial

"The performance share units disposed of in the reported transaction vested"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

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.

Class A Common Stock financial

"Each restricted stock unit represents a contingent right to receive one share"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did STZ executive Mallika Monteiro report?

Mallika Monteiro reported mainly compensation-related activity. She exercised or converted share units into 2,937 shares of Constellation Brands Class A stock and had 730 shares withheld to cover taxes, resulting in a higher direct share position after vesting.

Did the STZ insider Form 4 show an open-market sale of shares?

No open-market sale was reported. The only disposal was a tax-withholding transaction of 730 shares at $152.82 per share, used to satisfy tax obligations on vested awards rather than a discretionary market sale of Constellation Brands stock.

How many Constellation Brands shares does the EVP hold after these transactions?

Following the reported transactions, Mallika Monteiro directly holds 8,776 shares of Constellation Brands Class A Common Stock and indirectly holds 1 share through her husband, according to the Form 4 ownership data after the May 1, 2026 events.

What types of equity awards were involved in this STZ Form 4 filing?

The filing involves restricted stock units and performance share units. These derivative awards converted into Class A Common Stock when they vested, with each unit representing a contingent right to receive one share as described in the Form 4 footnotes.

Why were 730 Constellation Brands shares disposed of in the Form 4?

The 730 shares were disposed of under transaction code F, which indicates shares were withheld to pay the exercise price or tax liability. This reflects automatic tax withholding on vested awards, not a voluntary sale into the open market by the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/05/2026 - 04:48 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Monteiro Mallika

(Last) (First) (Middle)

C/O CONSTELLATION BRANDS, INC.

50 EAST BROAD STREET

(Street)

ROCHESTER NEW YORK 14614

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CONSTELLATION BRANDS, INC. [ STZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, MD, Beer Brands

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/01/2026		M		990	A	$0(1)	7,559(2)	D
Class A Common Stock	05/01/2026		M		1,947	A	$0(3)	9,506	D
Class A Common Stock	05/01/2026		F		730	D	$152.82	8,776	D
Class A Common Stock								1	I	By husband

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units	(1)	05/01/2026		M			990	(4)	(4)	Class A Common Stock	990	$0	0	D
Restricted Stock Units	(3)	05/01/2026		M			327	05/01/2023(5)	(5)	Class A Common Stock	327	$0	0	D
Restricted Stock Units	(3)	05/01/2026		M			594	05/01/2024(6)	(6)	Class A Common Stock	594	$0	0	D
Restricted Stock Units	(3)	05/01/2026		M			306	05/01/2025(6)	(6)	Class A Common Stock	306	$0	306	D
Restricted Stock Units	(3)	05/01/2026		M			720	05/01/2026(6)	(6)	Class A Common Stock	720	$0	1,439	D

Explanation of Responses:

1. Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

2. Includes shares of Constellation Brands, Inc. Class A Common Stock acquired in July 2025 and January 2026 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

3. Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

4. 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.

5. 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.

6. 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.

Remarks:

	/s/ Matthew Stoloff, Attorney-in-fact	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)