SANDS ROBERT 4

What Happened

• Robert Sands, a reported 10% owner of Constellation Brands (STZ), was granted/received 1,400 restricted stock units (RSUs) on 2026-07-22. The reported acquisition price is $0.00, indicating these are an award/vesting of RSUs (derivative award), not a market purchase or sale.

Key Details

• Transaction date: 2026-07-22; Filing date (Form 4): 2026-07-24 (filed two days after the transaction).
• Transaction type/code: A — Grant/award or other acquisition (derivative RSUs).
• Shares involved: 1,400 RSUs at $0.00; total cash exchanged = $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU converts to one share of Class A common stock; F2 — these RSUs vest on the date specified and vested shares will be delivered to the reporting person as of the vesting date.
• Timeliness: Filing appears timely (filed two days after the transaction); no late-file flag indicated.

Context

• RSUs are a derivative award that represent a contingent right to receive shares when they vest; they are not an immediate cash purchase or sale. Grants like this are typically compensation or retention-related and do not by themselves indicate a buy/sell sentiment.
• As a 10% owner, Sands is a significant shareholder rather than an operating executive; such awards can reflect ownership arrangements or long-term incentives rather than routine insider trading.