Daniels Jennifer 4

What Happened
Jennifer Daniels, a director of Constellation Brands (STZ), had 1,114 restricted stock units (RSUs) convert/settle into 1,114 shares on July 10, 2026. The Form 4 shows an "Acquired" entry for 1,114 shares at $0.00 and a corresponding "Disposed" entry for 1,114 derivative units at $0.00 (transaction code M — exercise/conversion). No cash was paid on conversion; this reflects vesting/settlement of an award rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-07-10; Acquired 1,114 shares @ $0.00; Disposed 1,114 derivative units @ $0.00 (code M).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU equals a contingent right to one Class A share; F2 — these RSUs vested on the date specified and vested shares were delivered to the reporting person.
• Filing date: 2026-07-14 (filed within the normal two-business-day window following the July 10 transaction).
• Remark: Exhibit 24 (Power of Attorney) included.

Context
This is a routine equity award vesting/settlement, not an open-market purchase or sale; it does not by itself signal insider buying or selling intent. The Form 4 shows conversion of the derivative (RSU) into shares; to estimate the dollar value, multiply 1,114 by STZ’s market price on July 10, 2026.