Constellation (NYSE: STZ) EVP exercises stock units, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CONSTELLATION BRANDS, INC. executive James O. Bourdeau reported routine equity compensation activity involving Class A Common Stock. On May 1, 2026, he exercised restricted stock units and performance share units that together converted into 5,973 shares of Class A Common Stock. To cover tax obligations, 2,108 shares were withheld at a price of $152.82 per share, described as a tax-withholding disposition rather than an open-market sale. After these transactions, Bourdeau directly owned 13,516 shares of Class A Common Stock, reflecting net shares delivered from vested awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,973 shares exercised/converted
Mixed
8 txns
Insider
Bourdeau James O.
Role
EVP and Senior Advisor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 1,899 | $0.00 | -- |
| Exercise | Restricted Stock Units | 628 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,139 | $0.00 | -- |
| Exercise | Restricted Stock Units | 688 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,619 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,899 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,074 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,108 | $152.82 | $322K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 11,550 shares (Direct, null)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. Includes shares of Constellation Brands, Inc. Class A Common Stock acquired in July 2025 and January 2026 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan. Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. The performance share units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes. The restricted stock units vest in four equal annual installments beginning on the date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes. The restricted stock units vest in three equal annual installments beginning on the date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
Key Figures
Tax-withheld shares: 2,108 shares
Tax-withholding price: $152.82/share
Units exercised: 5,973 shares
+3 more
6 metrics
Tax-withheld shares
2,108 shares
Shares withheld for taxes at $152.82 per share on Class A Common Stock
Tax-withholding price
$152.82/share
Price used for 2,108-share tax-withholding disposition
Units exercised
5,973 shares
Total shares from derivative exercises (restricted and performance units)
Shares owned after
13,516 shares
Direct Class A Common Stock holdings following transactions
Exercise transactions
5 exercises
Number of derivative exercises reported in transaction summary
Tax-withholding transactions
1 transaction
Tax-withholding disposition counted in transaction summary
Key Terms
Restricted Stock Units, Performance Share Units, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vest in four equal annual installments beginning on the date specified."
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock."
FAQ
What did STZ executive James O. Bourdeau report in this Form 4?
James O. Bourdeau reported routine equity compensation activity. He exercised restricted stock units and performance share units into 5,973 shares of Class A Common Stock and had shares withheld to cover related tax obligations, with no open-market purchases or sales disclosed.
What are restricted stock units in the Constellation Brands (STZ) Form 4?
Restricted stock units are equity awards where each unit represents a contingent right to one Class A share. The filing explains these units vest in annual installments, and vested shares are delivered to the reporting person net of shares withheld to cover associated tax liabilities.