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.
Glaetzer Samuel J reported acquisition or exercise transactions in this Form 4 filing.
CONSTELLATION BRANDS, INC. executive Samuel J. Glaetzer, EVP & President of Wine and Spirits, reported an equity compensation grant of 192 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 units are scheduled to vest on May 1, 2026, provided he remains employed through that date. Vested shares will be delivered on vesting, after withholding some shares to cover taxes.
LaBarge Jeffrey H. reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands EVP and CLO Jeffrey H. LaBarge received a grant of 127 performance share units. Each unit represents a contingent right to one share of Class A Common Stock. The units vest on May 1, 2026 if he remains employed, with shares delivered net of tax withholding.
Newlands William A reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands President & CEO William A. Newlands received a grant of 7,430 Performance Share Units, each tied to one share of Class A Common Stock. The grant date reflects when performance criteria were satisfied. These units are scheduled to vest on May 1, 2026 if he remains in continuous service, with shares delivered net of tax withholding.
Constellation Brands reported weaker fiscal 2026 sales but much cleaner earnings, updated its outlook, and raised cash returns to shareholders. Net sales were $9.14 billion, down 10%, while GAAP EPS improved to $9.61 from a prior-year loss, helped by lapping large impairment and divestiture charges.
On a comparable basis, EPS was $11.82, down 14%, and operating margin fell to 29.8% as beer shipments declined 3.8% despite continued U.S. share gains. Wine & Spirits was reshaped by major divestitures, with net sales dropping 51% and segment operating margin sliding to 1.3%.
For fiscal 2027, the company guides to enterprise organic net sales between a 1% decline and 1% growth, GAAP EPS of $11.10–$11.80 and comparable EPS of $11.20–$11.90, with operating margin of 32%–33%. Free cash flow was $1.79 billion in fiscal 2026 and is projected at $1.6–$1.7 billion. The board declared a quarterly dividend of $1.03 per Class A share and $0.93 per Class 1 share and highlighted $1.6 billion returned to shareholders in fiscal 2026, including over $900 million of share repurchases.
Constellation Brands Inc filing shows that The Vanguard Group reports beneficial ownership of 0 common shares (0%) as of the Schedule 13G/A amendment dated 03/13/2026. The filing explains an internal realignment on January 12, 2026 that caused certain Vanguard subsidiaries and business divisions to report ownership separately under SEC Release No. 34-39538. The filing is signed by Ashley Grim on 03/26/2026.
CONSTELLATION BRANDS, INC. executive Jeffrey H. LaBarge, EVP, CLO, & Secretary, filed an initial Form 3 reporting his existing equity holdings in the company. The filing lists several non-qualified stock options, multiple tranches of restricted stock units (RSUs), and 4,390 shares of Class A Common Stock held directly as of March 1, 2026.
Footnotes explain that some options are already 100% exercisable, while others become exercisable in three or four equal annual installments beginning on specified grant dates. The RSUs each represent a contingent right to receive one share of Class A Common Stock and vest in three or four equal annual installments, with shares delivered on each vesting date after tax withholding.
Glaetzer Samuel J reported open-market sale transactions in a Form 4 filing for STZ. The filing lists transactions totaling 555 shares at a weighted average price of $153.78 per share. Following the reported transactions, holdings were 2,615 shares.
A holder of STZ common stock filed a Form 144 indicating an intention to sell 555 shares through Morgan Stanley Smith Barney LLC on or about February 17, 2026. The filing lists an aggregate market value of $85,345.13 for these shares. The issuer had 173,384,625 shares outstanding at the time referenced. The shares to be sold were originally acquired as restricted stock vesting under a registered plan on May 1, 2023, directly from the issuer, with payment noted as not applicable.
Constellation Brands announced a planned CEO transition. The Board appointed Nicholas Fink as President and CEO effective April 13, 2026, succeeding Bill Newlands. Fink, currently CEO of Fortune Brands Innovations and a Constellation director since 2021, will remain on the Board.
Fink’s employment agreement sets an initial annual base salary of $1.4 million, a Fiscal 2027 bonus target at 160% of base salary, and a Fiscal 2027 long‑term equity award with grant date fair value of $11 million. He will also receive a replacement equity award of 85,385 restricted stock units and 415,295 stock options, vesting over three years, plus up to $50,000 in legal fee reimbursement.
If his agreement expires or he has a qualifying termination, Fink is eligible for cash severance equal to twice base salary and twice his average bonus, 24 months of medical and dental payments, and 18 months of outplacement services. Newlands will serve as Strategic Advisor from April 13 to April 30, 2026, then as a consultant through December 31, 2026 for a total fee of $1.2 million.
Constellation Brands, Inc. reports much higher profitability for the nine months ended November 30, 2025, despite lower revenue. Net sales were $7,218.8 million versus $8,044.5 million a year earlier, but net income attributable to CBI jumped to $1,484.9 million from $293.9 million, with diluted earnings per Class A share rising to $8.43 from $1.61. Operating income improved sharply as the prior year included a $2,250.0 million goodwill impairment in the Wine and Spirits business.
The company reshaped its portfolio, selling mainstream wine and spirits assets in the 2025 Wine Divestitures for cash proceeds of $845.9 million and recording a $31.0 million loss on the sale, and divesting the SVEDKA brand earlier in 2025. Cash flow from operations was strong at $2,106.2 million, helping fund $656.1 million of capital spending, $824.1 million of share repurchases, and $538.8 million of dividends. Long-term debt stood at $10,285.1 million after issuing new May 2025 and October 2025 senior notes and redeeming or repaying several older notes. The ongoing 2025 Restructuring Initiative has generated $106.1 million of cumulative pre-tax costs to date, with total costs now estimated at $110 million to $130 million.