[Form 4] Constellation Brands, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Constellation Brands, Inc. (STZ) – Form 4 Insider Filing

Director William T. Giles reported the automatic conversion of 503 restricted stock units (RSUs) into an equal number of Class A common shares on 07/10/2025 (transaction code M). No cash was paid for the shares (exercise price $0). Following the vesting, Giles’ direct holdings increased to 1,966 Class A shares, while his RSU balance was reduced to zero for this grant. The filing indicates a routine equity-compensation vesting event; there were no open-market purchases or sales and no change to derivative positions other than the settled RSUs.

Insights

Corporate Governance Analyst

TL;DR – Routine RSU vesting; neutral market impact.

The Form 4 shows an automatic settlement of 503 RSUs granted to Director William T. Giles. Because the units converted at no cost and represent less than 0.001% of STZ’s ~180 million outstanding shares, the event is administrative rather than strategic. Insider ownership rose modestly to 1,966 shares, which still leaves the director with a limited economic stake. There is no indication of discretionary buying or selling, thus the filing provides no new insight into management’s sentiment or company fundamentals. Overall, neutral and not materially impactful for investors.

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^*

GILES WILLIAM T

(Last) (First) (Middle)

C/O CONSTELLATION BRANDS, INC.

50 EAST BROAD STREET

(Street)

ROCHESTER NY 14614

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONSTELLATION BRANDS, INC. [ STZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Class A Common Stock	07/10/2025		M		503	A	$0(1)	1,966	D

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
Restricted Stock Units	(1)	07/10/2025		M			503	07/10/2025(2)	(2)	Class A Common Stock	503	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

2. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Matthew Stoloff, Attorney-in-fact	07/14/2025
	** 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.

FAQ

How many Constellation Brands (STZ) shares did William T. Giles acquire?

He received 503 Class A common shares through RSU vesting.

What price was paid for the 503 shares reported in the Form 4?

The RSUs converted at $0 exercise price; no cash changed hands.

What is Giles’ total direct share ownership after the transaction?

Following the vesting, he directly owns 1,966 Class A shares.

Did the director sell any Constellation Brands shares in this filing?

No. The Form 4 only reports RSU conversion; no shares were sold.

When did the reported RSUs vest?

All 503 RSUs vested on 07/10/2025, the transaction date.