Form 4: Constellation Brands Director Judy Schmeling Reports Stock Unit Vesting
SEC Form 4 Filing
Director Judy Schmeling reports the vesting of restricted stock units into Class A Common Stock of Constellation Brands.
Summary
- On July 10, 2024, Judy Schmeling, a director of Constellation Brands, Inc., had 463 restricted stock units vest.
- These units converted into 463 shares of Class A Common Stock.
- Following the transaction, Schmeling directly owns 6,285 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction (stock unit vesting). It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The vesting of stock units can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction: vesting of restricted stock units and conversion to Class A Common Stock |
| 07/12/2024 | Date of signature on the report |
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