Bourdeau James O. 4

What Happened
James O. Bourdeau, an Executive Vice President and Senior Advisor at Constellation Brands (STZ), was granted 1,899 performance share units (PSUs) on 2026-04-07. The grant is recorded at $0.00 per share (derivative award); the PSUs are a contingent right to receive Class A common shares if performance and service conditions are met. This is an award/compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-07 (filing date: 2026-04-09). The filing appears timely.
• Type: Award/Grant (code A) — 1,899 performance share units; reported price $0.00 (derivative).
• Footnotes: Each PSU equals a contingent right to one Class A share (F1). The performance criteria were satisfied as of 2026-04-07 (F2). PSUs vest on May 1, 2026 only if the reporting person remains an employee; vested shares will be delivered net of shares withheld for taxes (F3).
• Shares owned after transaction: Not disclosed in this filing.

Context
Performance share units are long-term compensation tied to company performance and continued employment. They do not represent immediate share ownership until they vest and are delivered (and taxes are typically satisfied by withholding some shares). Because this is a compensation award rather than an open-market purchase or sale, it should be viewed as part of executive pay rather than a direct market sentiment signal.