Constellation Brands (STZ) CEO receives RSUs and large option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CONSTELLATION BRANDS, INC. reported that President & CEO Nicholas I. Fink received new equity compensation. He was granted 85,385 restricted stock units, each representing one share of Class A Common Stock, and 415,295 non-qualified stock options to purchase Class 1 (convertible) Common Stock at an exercise price of $164.50 per share.
The restricted stock units vest 34%, 33%, and 33% per year beginning on the specified start date, with shares delivered net of shares withheld for taxes at each vesting. The stock options become exercisable on the same 34%, 33%, 33% annual schedule and may be exercised through April 14, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fink Nicholas I.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 85,385 | $0.00 | -- |
| Grant/Award | Non-Qualified Stock Option (right to buy) | 415,295 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 85,385 shares (Direct);
Non-Qualified Stock Option (right to buy) — 415,295 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These restricted stock units vest at the rate of 34%, 33%, and 33% per year 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. This option becomes exercisable at the rate of 34%, 33%, and 33% per year beginning on the date specified.
Key Figures
RSU grant: 85,385 units
Option grant size: 415,295 options
Option exercise price: $164.50 per share
+3 more
6 metrics
RSU grant
85,385 units
Restricted Stock Units for Class A Common Stock granted to CEO
Option grant size
415,295 options
Non-qualified stock options for Class 1 (convertible) Common Stock
Option exercise price
$164.50 per share
Exercise price for non-qualified stock option award
Option expiration
April 14, 2036
Expiration date of non-qualified stock option grant
RSU vesting schedule
34% / 33% / 33%
Annual vesting rates beginning on specified start date
Option vesting schedule
34% / 33% / 33%
Annual exercisability rates beginning on specified start date
Key Terms
Restricted Stock Units, Non-Qualified Stock Option (right to buy), vest, Class 1 (convertible) Common Stock, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of 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.
Non-Qualified Stock Option (right to buy) financial
"Non-Qualified Stock Option (right to buy) with an exercise price of 164.5000."
vest financial
"These restricted stock units vest at the rate of 34%, 33%, and 33% per year beginning on the date specified."
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.
Class 1 (convertible) Common Stock financial
"Underlying security title is Class 1 (convertible) Common Stock for the option grant."
exercise price financial
"Conversion or exercise price for the non-qualified stock option is 164.5000 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What equity awards did STZ CEO Nicholas Fink receive in this Form 4?
Nicholas Fink received 85,385 restricted stock units and 415,295 non-qualified stock options. The RSUs convert into Class A shares, while the options allow purchase of Class 1 (convertible) Common Stock at a set exercise price.
What is the exercise price of Nicholas Fink’s new Constellation Brands options?
The non-qualified stock options granted to Nicholas Fink carry an exercise price of $164.50 per share. This fixed price applies when exercising options for Class 1 (convertible) Common Stock during the allowed exercise period.
How do Nicholas Fink’s new restricted stock units for STZ vest?
The restricted stock units vest over three years at 34%, 33%, and 33% per year starting on the specified date. Vested shares of Class A Common Stock are delivered net of shares withheld to cover tax obligations at each vesting date.
When do Nicholas Fink’s Constellation Brands stock options become exercisable?
The stock options become exercisable in three annual installments of 34%, 33%, and 33% starting on the specified initial date. This schedule gradually increases the portion of options that Nicholas Fink can exercise over time.
What is the expiration date of the new Constellation Brands options granted to Nicholas Fink?
The non-qualified stock options granted to Nicholas Fink expire on April 14, 2036. After this date, any unexercised options under this award will no longer be exercisable for Class 1 (convertible) Common Stock.