Form 4: Constellation Brands EVP Samuel Glaetzer Reports Stock Transactions

Samuel Glaetzer, EVP & President of Wine and Spirits at Constellation Brands, reports the vesting and disposal of performance share units and restricted stock units on May 1, 2024.

Summary

• On May 1, 2024, Samuel Glaetzer, EVP & President of Wine and Spirits at Constellation Brands, engaged in transactions involving Class A Common Stock.
• These transactions included the vesting and subsequent disposal of 292 performance share units and multiple tranches of restricted stock units (163, 665, 348, and 319 units).
• The shares were disposed of to cover tax obligations, with the price per share for the tax withholding calculated at $253.95.
• Following these transactions, Glaetzer directly owns 5,346 shares of Class A Common Stock and holds 636 restricted stock units.

Sentiment

Score: 5

Explanation: This Form 4 filing is a routine disclosure of stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment. It reflects standard compensation practices.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates