Constellation Brands EVP granted 1,899 PSUs

Bourdeau James O. reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/09/2026 - 04:44 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Bourdeau James O. reported acquisition or exercise transactions in this Form 4 filing.

CONSTELLATION BRANDS, INC. executive James O. Bourdeau reported receiving a grant of 1,899 Performance Share Units. Each unit represents a contingent right to receive one share of Class A Common Stock. The performance criteria for these units were satisfied on April 7, 2026.

The performance share units vest on May 1, 2026 if he remains an employee through that date. Vested shares will be delivered on the vesting date, reduced by shares withheld to cover applicable taxes.

Insider Trade Summary

Grant/Award: 1,899 shares

Grant/Award 1 txn

Insider Bourdeau James O.

Role EVP and Senior Advisor

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Units	1,899	$0.00	$0.00

Holdings After Transaction: Performance Share Units — 1,899 contracts (Direct)

Holdings Before and After: Performance Share Units, 0 to 1,899 contracts (Direct)

Footnotes (3)

1. F1. Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
2. F2. Represents the date that the performance criteria with respect to the performance share units was satisfied.
3. F3. 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: 1,899 units Underlying shares: 1,899 shares Shares after transaction: 1,899 units +1 more

4 metrics

Performance Share Units granted 1,899 units Grant reported for James O. Bourdeau

Underlying shares 1,899 shares Class A Common Stock linked 1:1 to units

Shares after transaction 1,899 units Total performance share units following award

Vesting date May 1, 2026 Units vest if employment continues to this date

Key Terms

Performance Share Units, Class A Common Stock, vest, withheld to satisfy taxes

4 terms

Performance Share Units financial

"Each performance share unit represents a contingent right to receive one share"

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.

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

"The performance share units vest on May 1, 2026 if the reporting person remains"

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

"Vested shares will be delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes"

FAQ

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

What did STZ executive James O. Bourdeau report on this Form 4?

James O. Bourdeau reported receiving 1,899 Performance Share Units as an equity award. These derivative units are tied to Constellation Brands Class A Common Stock and were granted after the related performance criteria had been satisfied.

What does each Performance Share Unit represent for STZ?

Each Performance Share Unit represents a contingent right to receive one share of Constellation Brands Class A Common Stock. This means, once vesting conditions are met, each unit can settle into one share, subject to tax withholding.

When do James O. Bourdeau’s Performance Share Units in STZ vest?

These Performance Share Units are scheduled to vest on May 1, 2026, if Bourdeau remains an employee through that date. Only after vesting will shares be delivered, net of shares withheld to satisfy tax obligations.

How many STZ shares underlie the awarded Performance Share Units?

The grant covers 1,899 Performance Share Units, each linked to one share of Class A Common Stock. In total, 1,899 underlying shares are associated with this award, before accounting for any shares withheld for taxes at settlement.

How will taxes be handled on Bourdeau’s STZ Performance Share Units?

On the May 1, 2026 vesting date, shares will be delivered net of shares withheld for taxes. This means Constellation Brands will retain a portion of the vested shares to satisfy Bourdeau’s tax obligations, delivering the remaining shares to him.

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

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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^*

Bourdeau James O.

(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 and Senior Advisor

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

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

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)	04/07/2026(2)		A		1,899		(3)	(3)	Class A Common Stock	1,899	$0	1,899	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. Represents the date that the performance criteria with respect to the performance share units was satisfied.

3. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Matthew Stoloff, Attorney-in-fact	04/09/2026
	** 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)