Form 4: Constellation Brands EVP James O. Bourdeau Reports Acquisition of Performance Share Units

James O. Bourdeau, EVP & Chief Legal Officer of Constellation Brands, Inc., reports the acquisition of 1,031 performance share units on April 9, 2024.

Summary

• On April 9, 2024, James O. Bourdeau, the EVP & Chief Legal Officer of Constellation Brands, Inc. (STZ), acquired 1,031 performance share units.
• Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
• The performance criteria for these units were satisfied on April 9, 2024.
• The performance share units vest on May 1, 2024, provided the reporting person remains an employee through that date.
• Vested shares will be delivered on the vesting date, net of shares withheld to satisfy taxes.
• Following the reported transaction, Bourdeau directly owns 1,031 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard executive compensation transaction. The acquisition of performance share units is generally a positive sign, but it's a routine occurrence.

Positives

• The acquisition of performance share units suggests confidence in the company's performance by rewarding executives with equity.

Future Outlook

The vesting of the performance share units on May 1, 2024, is contingent on the reporting person's continued employment with Constellation Brands.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders. This filing indicates the vesting of previously granted performance-based equity awards.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates