Form 4: Constellation Brands EVP & CFO Garth Hankinson Reports Stock Transactions
SEC Form 4
Garth Hankinson, EVP & CFO of Constellation Brands, reports the conversion and sale of Class A Common Stock and the exercise of stock options.
Summary
- Garth Hankinson, the EVP & CFO of Constellation Brands, filed a Form 4 detailing changes in beneficial ownership.
- On August 8, 2024, Hankinson converted 13,583 shares of Class 1 Common Stock into Class A Common Stock and sold them at $240 per share.
- Also on August 8, 2024, Hankinson exercised non-qualified stock options to acquire shares of Class 1 Common Stock, which were then converted to Class A Common Stock.
- On August 9, 2024, Hankinson converted 20,097 shares of Class 1 Common Stock into Class A Common Stock and sold them at a weighted average price of $240.1639.
- Following these transactions, Hankinson continues to hold a significant number of Class A Common Stock and derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive stock transactions, so the sentiment is neutral.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Monitoring these transactions can provide insights into management's perspective on the company's value.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The transactions reflect part of the executive compensation plan for Garth Hankinson.
Key Dates
| Date | Description |
|---|---|
| 04/28/2016 | Date of grant for some non-qualified stock options that became exercisable. |
| 04/25/2017 | Date of grant for some non-qualified stock options that became exercisable. |
| 04/21/2018 | Date of grant for some non-qualified stock options that became exercisable. |
| 04/23/2019 | Date of grant for some non-qualified stock options that became exercisable. |
| 04/23/2020 | Date of grant for some non-qualified stock options that became exercisable. |
| 04/21/2021 | Date of grant for some non-qualified stock options that became exercisable. |
| 08/08/2024 | Date of multiple transactions including conversion and sale of Class A Common Stock and exercising of stock options. |
| 08/09/2024 | Date of multiple transactions including conversion and sale of Class A Common Stock and exercising of stock options. |
| 08/12/2024 | Date of signature for the Form 4 filing. |
| 04/28/2025 | Expiration date for some non-qualified stock options. |
| 04/25/2026 | Expiration date for some non-qualified stock options. |
| 04/21/2027 | Expiration date for some non-qualified stock options. |
| 04/23/2028 | Expiration date for some non-qualified stock options. |
| 04/23/2029 | Expiration date for some non-qualified stock options. |
| 04/21/2030 | Expiration date for some non-qualified stock options. |
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