Constellation Brands (STZ) EVP settles stock and performance units with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CONSTELLATION BRANDS, INC. executive Samuel J. Glaetzer, EVP & Pres. Wine and Spirits, reported equity compensation activity involving Class A Common Stock on May 1, 2026. He exercised or converted derivative awards into 2,812 shares of Class A Common Stock and performance share units.
To cover tax obligations, 921 shares of Class A Common Stock were disposed of at $152.82 per share through a tax-withholding mechanism, not an open‑market sale. Following these transactions, he held 4,506 Class A Common shares directly. All visible derivative awards in this filing were fully settled into shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,812 shares exercised/converted
Mixed
8 txns
Insider
Glaetzer Samuel J
Role
EVP & Pres. Wine and Spirits
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 192 | $0.00 | -- |
| Exercise | Restricted Stock Units | 347 | $0.00 | -- |
| Exercise | Restricted Stock Units | 318 | $0.00 | -- |
| Exercise | Restricted Stock Units | 583 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,372 | $0.00 | -- |
| Exercise | Class A Common Stock | 192 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,620 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 921 | $152.82 | $141K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 2,807 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
Shares acquired via exercises: 2,812 shares
Tax-withholding shares: 921 shares
Tax-withholding price: $152.82 per share
+3 more
6 metrics
Shares acquired via exercises
2,812 shares
Class A Common Stock from derivative exercises/conversions on May 1, 2026
Tax-withholding shares
921 shares
Class A Common Stock disposed in tax-withholding at $152.82 per share
Tax-withholding price
$152.82 per share
Value used for 921-share tax-withholding disposition on May 1, 2026
Post-transaction holdings
4,506 shares
Class A Common Stock directly owned after reported transactions
Derivative exercises count
5 transactions
Exercise or conversion of derivative securities on May 1, 2026
Derivative shares exercised
2,812 shares
ExerciseShares in transaction summary for M-code transactions
Key Terms
Restricted Stock Units, Performance Share Units, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. 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
"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."
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_description: Exercise or conversion of 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.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to 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.
FAQ
What did STZ executive Samuel J. Glaetzer report in this Form 4 filing?
Samuel J. Glaetzer reported routine equity compensation activity. He exercised or converted awards into Class A Common Stock and had some shares withheld to satisfy tax obligations, reflecting standard vesting and settlement of restricted and performance share units.
What types of equity awards were involved in Glaetzer’s STZ Form 4 filing?
The filing involves Restricted Stock Units and Performance Share Units. Each unit represents a contingent right to receive one share of Class A Common Stock, which vest over time and are delivered net of shares withheld to satisfy applicable tax obligations.