Constellation Brands SEC filings document the formal disclosures of a beverage alcohol producer and marketer with Class A common stock listed on the New York Stock Exchange under STZ. Its 8-K filings report financial condition and results of operations, Regulation FD releases, non-GAAP measure references and guidance-related risk language.
The company’s filings also cover capital-structure and financing matters, including senior notes, supplemental indentures, shelf registration statements, resale prospectus supplements and credit agreement activity. Governance and material-event disclosures include executive leadership transitions, compensatory arrangements, shareholder voting matters, material agreements and other corporate events affecting the company’s public-company record.
CONSTELLATION BRANDS, INC. director Jose Manuel Madero Garza reported equity compensation activity involving restricted stock units on July 10, 2026. 1,114 restricted stock units were converted into Class A Common Stock, and a tax-withholding disposition of 311 shares occurred at $134.06 per share. Reported direct holdings were 3,193 Class A shares following the RSU conversion and 2,882 shares following the tax-withholding transaction. Footnotes state that each restricted stock unit represents a contingent right to receive one Class A share and that vested shares are delivered net of shares withheld to satisfy taxes.
Robert Sands, a director and 10% owner of Constellation Brands, reported the conversion of 1,114 restricted stock units into 1,114 shares of Class A Common Stock at $0.00 per share, bringing his directly held Class A shares to 9,714. The corresponding restricted stock units balance fell to zero. He also reflected a prior transfer of 503 directly held shares to RSS Master LLC, and reported substantial additional indirect holdings through his spouse, trusts, and limited partnerships, with certain securities explicitly disclaimed as beneficially owned.
CONSTELLATION BRANDS, INC. director and over-10% owner Richard Sands exercised 1,114 Restricted Stock Units into 1,114 shares of Class A Common Stock on July 10, 2026, which are now held directly. The RSU balance reported in this transaction went to zero following the conversion.
The transactions also update indirect Class A holdings reported through entities associated with Sands, including 5,066,666 shares held by RES Business Holdings LP, 1,736,884 shares by SER Business Holdings LP, 188,518 shares by RES Master LLC, and 15,720 shares held by his spouse. A total of 503 shares previously reported as held directly were transferred to RES Master LLC, which is wholly owned by a trust for which Sands is sole trustee and beneficiary. Sands reports these positions but disclaims beneficial ownership of securities held in this manner for Section 16 purposes.
CONSTELLATION BRANDS, INC. director Ernesto M. Hernandez reported the vesting and conversion of 1,114 Restricted Stock Units into Class A Common Stock on July 10, 2026. 15 shares of Class A Common Stock were withheld to satisfy tax obligations. Following these transactions, he holds 3,681 Class A Common shares directly.
Constellation Brands director Edith Morgan Flatley received 187 shares of Class A Common Stock on July 10, 2026, through the exercise of restricted stock units. Each unit represented a contingent right to one share, and vested shares were delivered to her as of the vesting date.
Constellation Brands, Inc. reported that President & CEO Nicholas I. Fink acquired 1,114 shares of Class A Common Stock on July 10, 2026 through the vesting and conversion of an equal number of Restricted Stock Units. This compensation-related exercise left him holding 3,476 Class A shares directly.
Christopher J. Baldwin, non-executive chair of Constellation Brands, exercised 1,114 Restricted Stock Units into Class A Common Stock at $0.00 per share on 2026-07-10. Following the exercise, he holds 3,825 Class A shares directly, plus indirect holdings of 17 shares through family trusts and 15 shares held by his spouse.
CONSTELLATION BRANDS, INC. director William T. Giles reported the vesting of 1,114 restricted stock units, which were settled into 1,114 shares of Class A Common Stock at no cash cost through an exercise of derivative securities.
Following the transaction, he holds 3,080 Class A Common shares directly. No open-market purchases or sales were reported.
Constellation Brands delivered stronger profitability in First Quarter 2027 even as sales declined modestly. Net sales were $2.43 billion, down 3% year over year, mainly from prior wine divestitures, while Beer net sales grew 2% on shipment growth and pricing.
Gross margin expanded to 54.3% from 50.4%, helped by favorable commodity hedge results, higher-margin mix after divestitures, and beer pricing. Operating income rose 18% to $845.3 million. Net income attributable to CBI increased 27% to $653.8 million, and diluted EPS grew to $3.79 from $2.90.
Operating cash flow was strong at $661.8 million, funding $177.2 million of capital spending, $223.8 million of share repurchases, and dividends. The company issued $500 million of 4.85% senior notes due 2031 and redeemed $600 million of 3.70% notes, while maintaining $1.90 billion of revolver capacity and continuing a restructuring program targeting over $200 million in annualized savings by Fiscal 2028.
Constellation Brands reported first quarter fiscal 2027 net sales of $2,432.7 million, down 3%, while GAAP diluted EPS rose to $3.79, up 31%. Comparable EPS was $3.43, a 7% increase, reflecting margin expansion and lower comparable adjustments.
The Beer segment delivered net sales of $2,283.5 million, up 2%, with a strong 39.0% operating margin and continued dollar share gains in U.S. tracked channels. Wine and Spirits net sales declined 47% to $149.2 million due to the 2025 Wine Divestitures, but organic net sales grew 8% and depletions increased 6.6%.
Net income attributable to CBI rose to $653.8 million and operating income to $845.3 million. Operating cash flow reached $661.8 million and free cash flow $484.6 million. The company returned over $400 million via share repurchases and dividends and declared a quarterly Class A dividend of $1.03 per share. For fiscal 2027, Constellation guides GAAP EPS of $11.50–$12.20, comparable EPS of $11.20–$11.90, organic net sales growth of (1)%–1%, operating margin of 32%–33%, and free cash flow of $1.6–$1.7 billion.