Newlands William A 4

What Happened
William A. Newlands, President & CEO and a director of Constellation Brands (STZ), was granted 7,430 performance share units (PSUs) on April 7, 2026. The award is reported as a derivative acquisition at $0.00 per unit (no cash exchanged). Each PSU is a contingent right to receive one share of Constellation Class A common stock if performance and service conditions are met.

Key Details

• Transaction date: 2026-04-07; Form 4 filed 2026-04-09 (timely filing).
• Transaction type/code: Award/Grant (A) — 7,430 performance share units @ $0.00 (derivative).
• Footnotes: F1 — each PSU equals a contingent right to one share; F2 — performance criteria for these PSUs were satisfied on 2026-04-07; F3 — PSUs vest on May 1, 2026 only if Newlands remains in continuous service; vested shares will be delivered net of shares withheld for taxes.
• Shares owned after transaction: not disclosed in the summarized filing.
• Economic effect: no cash paid now; conversion to actual shares depends on vesting/service and will result in share delivery (less tax withholding).

Context
PSUs are a form of executive compensation tied to performance and continued employment; they are not the same as an open‑market purchase or sale and do not by themselves indicate a buy/sell signal. If and when the PSUs vest and convert to shares, taxes will be satisfied by withholding shares rather than a separate cash payment.