Form 4: Constellation Brands Director Hernandez Reports Stock Transactions
SEC Form 4 Filing
Director Ernesto M Hernandez reports the acquisition and disposal of Constellation Brands Class A Common Stock related to restricted stock units.
Summary
- On July 10, 2024, Ernesto M Hernandez, a director of Constellation Brands, Inc. [STZ], reported transactions involving Class A Common Stock.
- Hernandez acquired 463 shares of Class A Common Stock upon the vesting of restricted stock units at a price of $0.
- Simultaneously, 12 shares were disposed of to cover tax obligations at a price of $253.08 per share.
- Following these transactions, Hernandez beneficially owns 4,100 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company director, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the director's holdings and actions.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of stock acquisition and disposal related to restricted stock units. |
| 07/12/2024 | Date of signature for the report. |
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