Bourdeau James O. 4
4 · CONSTELLATION BRANDS, INC. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Constellation Brands (STZ) EVP James Bourdeau Exercises Awards, Sells Shares
What Happened
James O. Bourdeau, EVP and Senior Advisor at Constellation Brands (STZ), had performance share units and restricted stock units vest on May 1, 2026. A total of 5,973 derivative units were converted into shares (transaction code M). To satisfy tax withholding (transaction code F), 2,108 shares were withheld at $152.82 per share, a withholding value of $322,145. The remaining roughly 3,865 shares were delivered to Mr. Bourdeau net of withholding.
Key Details
- Transaction date: May 1, 2026; Form filed May 5, 2026.
- Conversions (M): 5,973 shares (zero exercise price shown — these were vesting conversions of awards).
- Tax withholding (F): 2,108 shares withheld at $152.82 = $322,145.
- Net shares delivered to insider: ~3,865 shares (5,973 converted − 2,108 withheld).
- Footnotes: F1/F3 — PSUs and RSUs each represent a contingent right to one share; F4–F6 — those units vested on May 1, 2026 and were delivered net of shares withheld for taxes. F2 notes some prior ESPP-acquired shares included in total holdings.
- Transaction codes: M = exercise/conversion of derivative; F = payment of tax liability (shares withheld).
- Shares owned after transaction: not specified in the provided data.
Context
This was a vesting/settlement event (conversion of PSUs/RSUs) with shares withheld to cover taxes — effectively a net settlement, not an open-market sale by the insider. Such transactions are routine for equity compensation and primarily reflect vesting and tax withholding rather than a discretionary sale or purchase.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-05-01+1,899→ 11,550 total - Exercise/Conversion
Class A Common Stock
[F3]2026-05-01+4,074→ 15,624 total - Tax Payment
Class A Common Stock
2026-05-01$152.82/sh−2,108$322,145→ 13,516 total - Exercise/Conversion
Performance Share Units
[F1][F4]2026-05-01−1,899→ 0 total→ Class A Common Stock (1,899 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-05-01−628→ 0 totalFrom: 2023-05-01→ Class A Common Stock (628 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-05-01−1,139→ 0 totalFrom: 2024-05-01→ Class A Common Stock (1,139 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-05-01−688→ 688 totalFrom: 2025-05-01→ Class A Common Stock (688 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-05-01−1,619→ 3,237 totalFrom: 2026-05-01→ Class A Common Stock (1,619 underlying)
Footnotes (6)
- [F1]Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- [F2]Includes shares of Constellation Brands, Inc. Class A Common Stock acquired in July 2025 and January 2026 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- [F4]The performance share units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
- [F5]The restricted stock units vest in four equal annual installments beginning on the date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
- [F6]The restricted stock units vest in three equal annual installments beginning on the date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2026. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.