Constellation Brands (STZ) EVP McGrew granted 1,763 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrew Michael reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands, Inc. executive Michael McGrew received an equity grant in the form of restricted stock units. On the reported date, he was awarded 1,763 restricted stock units, each representing a contingent right to receive one share of Class A Common Stock.
The 1,763 units vest in three equal annual installments beginning on the specified vesting start date. As each installment vests, the corresponding Class A shares will be delivered to McGrew, reduced by shares withheld to satisfy applicable tax obligations. Following this award, his reported restricted stock unit balance is 1,763 units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGrew Michael
Role
EVP, Chief Com, CSR, Incl Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,763 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,763 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. These restricted stock units vest in three equal annual installments beginning on the date specified. Vested shares will be delivered to the reporting person as of each vesting date net of shares withheld to satisfy taxes.
Key Figures
RSUs granted: 1,763 units
Underlying shares: 1,763 shares
Price per unit: $0.00
+2 more
5 metrics
RSUs granted
1,763 units
Restricted Stock Units award to EVP Michael McGrew
Underlying shares
1,763 shares
Class A Common Stock underlying granted RSUs
Price per unit
$0.00
Grant price per restricted stock unit
RSU holdings after grant
1,763 units
Total restricted stock units following this transaction
Vesting pattern
3 installments
Three equal annual installments beginning on specified date
Key Terms
Restricted Stock Units, Class A Common Stock, vest, withheld to satisfy taxes
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Class A Common Stock financial
"receive one share of Constellation Brands, Inc. Class A Common Stock"
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.
vest financial
"These restricted stock units vest in three equal annual installments"
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.
withheld to satisfy taxes financial
"net of shares withheld to satisfy taxes"
FAQ
What insider transaction did Constellation Brands (STZ) report for Michael McGrew?
Constellation Brands reported that executive Michael McGrew received 1,763 restricted stock units as an equity award. Each unit is a contingent right to one share of Class A Common Stock, granted as compensation rather than an open-market stock purchase or sale.
How many restricted stock units did Michael McGrew receive from Constellation Brands (STZ)?
Michael McGrew received 1,763 restricted stock units in this award. These units convert into Class A Common Stock upon vesting, giving him a contingent right to 1,763 shares, subject to scheduled vesting and tax withholding when the shares are delivered.
How do Michael McGrew’s restricted stock units at Constellation Brands (STZ) vest?
The restricted stock units vest in three equal annual installments starting on the specified vesting date. At each vesting date, Constellation Brands delivers Class A shares corresponding to vested units, after withholding a portion of shares to satisfy the related tax obligations.
Does the Constellation Brands (STZ) Form 4 show a stock sale by Michael McGrew?
The Form 4 does not show any open-market stock sale by Michael McGrew. It reports an acquisition of 1,763 restricted stock units as a grant or award, which are compensation-related derivative securities that may convert into Class A shares over time as they vest.
What does each restricted stock unit represent in the Constellation Brands (STZ) filing?
Each restricted stock unit represents a contingent right to receive one share of Constellation Brands Class A Common Stock. The shares are delivered only when units vest, and the delivered amount is reduced by shares withheld by the company to cover tax liabilities.