Zaramella Luca 4

What Happened
Luca Zaramella, a director of Constellation Brands (STZ), had 1,114 derivative units converted into Class A common stock on July 10, 2026. The Form 4 records an "acquired" entry for 1,114 shares at $0.00 and a matching "disposed" derivative entry for 1,114 units at $0.00 — reflecting conversion/vesting of restricted stock units rather than a cash purchase or open‑market sale. The filing also notes 463 shares previously reported as held directly were transferred into the reporting person's family trust.

Key Details

• Transaction date: 2026-07-10; Form 4 filed 2026-07-14 (timely filing).
• Reported price/consideration: $0.00 (conversion/vesting of RSUs).
• Shares involved: 1,114 RSUs converted to shares; 463 shares previously transferred to a family trust.
• Shares owned after transaction: not explicitly totaled in the filing; filing documents conversion of 1,114 RSUs and notes 463 shares now held in a family trust.
• Footnotes: F1 clarifies each RSU equals one contingent share; F3 states the RSUs vest on the date specified and vested shares will be delivered as of the vesting date; F2 notes the 463 shares were transferred to a family trust.
• Exhibit/remark: Exhibit 24 — Power of Attorney.

Context
This was a conversion/vesting event for restricted stock units (derivative conversion, coded M), not an open‑market purchase or sale. The $0 exercise/consideration reflects that these were awards converting into shares on vesting; no cash payment is reported. Such conversions are routine compensation events for insiders and do not by themselves indicate a decision to buy or sell shares on the market.