Constellation Brands (NYSE: STZ) CFO awarded 2,281 performance share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hankinson Garth reported acquisition or exercise transactions in this Form 4 filing.
CONSTELLATION BRANDS, INC. EVP & CFO Garth Hankinson was awarded 2,281 performance share units. Each unit represents a contingent right to receive one share of Class A Common Stock after vesting.
The performance criteria for these units were satisfied on April 7, 2026. The units vest on May 1, 2026 if he remains an employee through that date, with shares delivered net of any withheld for taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hankinson Garth
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 2,281 | $0.00 | -- |
Holdings After Transaction:
Performance Share Units — 2,281 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. Represents the date that the performance criteria with respect to the performance share units was satisfied. The performance share units vest on May 1, 2026 if the reporting person remains an employee through such date. Vested shares will be delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes.
Key Figures
Performance share units granted: 2,281 units
Underlying shares per unit: 1 share per unit
Vesting date: May 1, 2026
3 metrics
Performance share units granted
2,281 units
Award to EVP & CFO Garth Hankinson
Underlying shares per unit
1 share per unit
Each unit equals one Class A Common share
Vesting date
May 1, 2026
Units vest if employment continues through this date
Key Terms
Performance Share Units, Class A Common Stock, vest
3 terms
Class A Common Stock financial
"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.
vest financial
"The performance share units vest on May 1, 2026 if the reporting person remains an employee"
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.
FAQ
What did Constellation Brands (STZ) CFO Garth Hankinson receive in this Form 4?
He received an award of 2,281 performance share units, each convertible into one share of Class A Common Stock upon vesting. This is a compensation-related equity grant, not an open-market stock purchase or sale.
What performance condition was met for the Constellation Brands (STZ) PSU grant?
The filing states that April 7, 2026 represents the date when performance criteria for the performance share units were satisfied. After this, the units remain subject to a continued employment vesting requirement until May 1, 2026.
Is this Constellation Brands (STZ) Form 4 a stock sale or purchase by the CFO?
No, the Form 4 reports a grant of performance share units, a compensation award. It does not reflect an open-market stock buy or sell; any future share delivery occurs at vesting, net of tax withholding.