Form 4: Constellation Brands EVP Kaneenat Kristann Carey Reports Stock Transactions

Kaneenat Kristann Carey, EVP & Chief HR Officer at Constellation Brands, reports the conversion and sale of Class A Common Stock on July 12, 2024.

Summary

• On July 12, 2024, Kaneenat Kristann Carey, EVP & Chief HR Officer of Constellation Brands, engaged in transactions involving Class A Common Stock and Class 1 Common Stock.
• Carey converted 977 shares of Class 1 Common Stock into Class A Common Stock on a one-to-one basis.
• Simultaneously, Carey sold 977 shares of Class A Common Stock at a price of $261 per share.
• Following these transactions, Carey directly owns 2,706 shares of Class A Common Stock.
• Carey also exercised a non-qualified stock option to acquire 977 shares of Class A Common Stock at an exercise price of $153.02.
• After the transactions, Carey continues to hold 977 derivative securities (Non-Qualified Stock Option).

Sentiment

Score: 5

Explanation: This is a neutral reporting of stock transactions, with no inherent positive or negative sentiment. It simply reflects the executive's trading activity.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions reported are typical for executive compensation packages, which often include stock options and stock grants.
• Similar filings can be compared across companies in the beverage industry, such as Anheuser-Busch InBev (BUD) and Molson Coors Beverage Company (TAP), to understand executive compensation trends.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates