Constellation Brands (STZ) Director William T. Giles Receives 1,114 Shares

What Happened

• William T. Giles, a director of Constellation Brands (STZ), had 1,114 restricted stock units convert to shares (reported as an exercise/conversion of a derivative, code M) on July 10, 2026. The filing shows 1,114 shares acquired at $0.00 and a corresponding derivative disposition of 1,114 shares at $0.00 — indicating RSUs vested and were converted into shares with no cash exercise price.

Key Details

• Transaction date: 2026-07-10; Form 4 filed: 2026-07-14
• Transaction type/code: Exercise/conversion of derivative (M)
• Shares acquired: 1,114 at $0.00; Shares disposed (derivative): 1,114 at $0.00
• Reported value per filing: $0 (no cash paid on conversion)
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes: F1 — each RSU equals a contingent right to one Class A common share. F2 — these RSUs vested on the date shown and vested shares will be delivered to the reporting person.
• Remarks: Exhibit 24 (Power of Attorney) attached to filing
• Filing timeliness: No late-filing indication in the provided data

Context

• This filing reflects RSU vesting and conversion into shares rather than an open-market purchase or sale. There was no cash exercise price and no sale reported, so this is a routine issuance/delivery of vested equity rather than a directional buy or sell signal. Code M denotes conversion/exercise of a derivative award (here, RSUs converting to common stock).