Constellation Brands director exercises 1,114 stock units
Robert Sands, a director and 10% owner of Constellation Brands, reported the conversion of 1,114 restricted stock units into 1,114 shares of Class A Common Stock at $0.00 per share, bringing his directly held Class A shares to 9,714.
Rhea-AI Filing Summary
Robert Sands, a director and 10% owner of Constellation Brands, reported the conversion of 1,114 restricted stock units into 1,114 shares of Class A Common Stock at $0.00 per share, bringing his directly held Class A shares to 9,714. The corresponding restricted stock units balance fell to zero. He also reflected a prior transfer of 503 directly held shares to RSS Master LLC, and reported substantial additional indirect holdings through his spouse, trusts, and limited partnerships, with certain securities explicitly disclaimed as beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,114 shares exercised/converted
Exercise
8 txns
Insider
SANDS ROBERT
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F9 | 1,114 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 1,114 | $0.00 | $0.00 |
| holding | Class A Common Stock F2, F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F7 | -- | -- | -- |
| holding | Class A Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 9,714 shares (Direct);
Class A Common Stock — 432,232 shares (Indirect, By RSS Master LLC);
Class A Common Stock — 19,329 shares (Indirect, By PKSDT 2016 STZ LLC);
Class A Common Stock — 912,492 shares (Indirect, By RSS 2015 Business Holdings LP);
Class A Common Stock — 3,876,548 shares (Indirect, By RSS Business Holdings LP);
Class A Common Stock — 2,164,138 shares (Indirect, By SSR Business Holdings LP);
Class A Common Stock — 1,769 shares (Indirect, By Spouse)
Footnotes (9)
- F1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F2. 503 shares of Class A Common Stock were previously reported as held directly by the reporting person. The reporting person has transferred the securities to RSS Master LLC ("RSS Master"), which is the direct owner of these securities.
- F3. RSS Master directly owns the reported securities. RSS Master is a limited liability company that is wholly-owned by the Robert S. Sands Master Trust. The reporting person is the sole trustee and sole beneficiary of the Robert S. Sands Master Trust.
- F4. PKSDT 2016 STZ LLC ("PKSDT") directly owns the reported securities and is a wholly-owned subsidiary of the Pamela K. Sands 2016 Descendants' Trust (the "Trust"). These shares are held for the benefit of the reporting person's stepchildren. The reporting person's spouse is the trustee of the Trust. The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- F5. The reported securities are owned directly by RSS 2015 Business Holdings LP ("RSS 2015 Holdings"). RSS 2015 Business Management LLC ("RSS 2015 Management") is the co-general partner of, and owns a 0.02460% interest in, RSS 2015 Holdings. The reporting person indirectly controls RSS 2015 Management.
- F6. The reported securities are owned directly by RSS Business Holdings LP ("RSS Holdings"). RSS Business Management LLC ("RSS Management") is the co-general partner of, and owns a 0.010% interest in, RSS Holdings. The reporting person indirectly controls RSS Management.
- F7. The reported securities are owned directly by SSR Business Holdings LP ("SSR Holdings"). SSR Business Management LLC ("SSR Management") is the co-general partner of, and owns a 0.016% interest in, SSR Holdings. The reporting person indirectly controls SSR Management.
- F8. The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- F9. All of these restricted stock units vest on the date specified. Vested shares will be delivered to the reporting person as of the vesting date.
Key Figures
RSUs converted: 1,114 shares
Direct Class A shares after transaction: 9,714 shares
RSS Business Holdings LP stake: 3,876,548 shares
+4 more
7 metrics
RSUs converted
1,114 shares
Restricted stock units converted into Class A Common Stock on 2026-07-10
Direct Class A shares after transaction
9,714 shares
Class A Common Stock held directly following RSU conversion on 2026-07-10
RSS Business Holdings LP stake
3,876,548 shares
Class A Common Stock owned indirectly through RSS Business Holdings LP
SSR Business Holdings LP stake
2,164,138 shares
Class A Common Stock owned indirectly through SSR Business Holdings LP
RSS 2015 Business Holdings LP stake
912,492 shares
Class A Common Stock owned indirectly through RSS 2015 Business Holdings LP
RSS Master LLC stake
432,232 shares
Class A Common Stock owned indirectly through RSS Master LLC
Spouse-held shares
1,769 shares
Class A Common Stock held indirectly through spouse
Key Terms
restricted stock units, beneficial ownership, derivative security, co-general partner, +1 more
5 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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership with respect to securities held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
derivative security financial
"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.
co-general partner financial
"RSS Business Management LLC is the co-general partner of RSS Holdings"
Section 16 financial
"for the purposes of Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Robert Sands report for Constellation Brands (STZ)?
Robert Sands reported converting 1,114 restricted stock units into 1,114 Class A Common shares at $0.00 per share. This transaction reflects RSU vesting and delivery of shares rather than an open-market purchase or sale.
What happened to the 1,114 restricted stock units reported by Robert Sands at Constellation Brands (STZ)?
The 1,114 restricted stock units were converted into 1,114 Class A shares, reducing his balance of those units to zero. Each unit represented a contingent right to receive one share that vested and was delivered on the reported date.
What indirect ownership interests in Constellation Brands (STZ) does Robert Sands report?
He reports indirect holdings in Class A Common Stock through his spouse and multiple entities, including RSS Master LLC, RSS Business Holdings LP, RSS 2015 Business Holdings LP, and SSR Business Holdings LP, with detailed percentages and control relationships described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
