Form 4: Constellation Brands Director Richard Sands Sells 660 Shares

Richard Sands, a director at Constellation Brands, sold 660 shares of Class A Common Stock at $241 per share on November 20, 2024.

Summary

• Richard Sands, a director at Constellation Brands, sold 660 shares of Class A Common Stock on November 20, 2024, at a price of $241 per share.
• Following the transaction, Sands directly owns 20,428,521 shares through RRA&Z Holdings LLC, 188,015 shares through RES Master LLC, and 15,720 shares through his spouse.
• The shares are held indirectly through various entities including RRA&Z Holdings LLC and RES Master LLC.
• Sands disclaims beneficial ownership of shares held by his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a company director, with no indication of positive or negative sentiment.

Management Comments

• The reporting person disclaims beneficial ownership with respect to securities held by his spouse.

Industry Context

This is a routine SEC Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is relatively small compared to the total holdings of the director, which is not unusual for insider transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a relatively small sale by a director.

Key Dates

Keywords

Constellation Brands, Richard Sands, insider trading, stock sale, Class A Common Stock, RRA&Z Holdings LLC, RES Master LLC, director