Form 4: Constellation Brands Director Madero Garza Reports Stock Transactions
SEC Form 4 Filing
Director Jose Manuel Madero Garza reports disposition of Class A Common Stock to cover tax obligations related to vested restricted stock units.
Summary
- On July 10, 2024, Jose Manuel Madero Garza, a director of Constellation Brands, Inc. [STZ], reported transactions involving Class A Common Stock.
- Madero Garza disposed of 135 shares of Class A Common Stock at a price of $253.08 to satisfy tax obligations.
- He also acquired 463 shares through the vesting of restricted stock units.
- Following these transactions, Madero Garza directly owns 1,719 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine equity compensation adjustments for a company director.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of stock transactions (vesting of restricted stock units and disposition of shares for tax obligations). |
| 07/12/2024 | Date of signature on the Form 4 filing. |
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