Hankinson Garth 4
4 · CONSTELLATION BRANDS, INC. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Constellation Brands (STZ) CFO Garth Hankinson Exercises Awards, Withholds Shares
What Happened Garth Hankinson, EVP & CFO of Constellation Brands (STZ), had performance share units and restricted stock units vest on May 1, 2026 and converted (exercised) into common shares. A total of 7,530 shares vested/converted. Of those, 3,043 shares were withheld to satisfy tax withholding at $152.82 per share (total $465,031), resulting in net delivery of 4,487 shares to Hankinson. The reported exercises/conversions are recorded at $0 because these were vesting conversions of awards (not open-market purchases).
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (see filing for timeliness).
- Vested/converted shares: 7,530 total (2,281 + 5,249 per filing entries).
- Shares withheld for taxes: 3,043 disposed at $152.82/share = $465,031.
- Net shares delivered to insider: 4,487 (7,530 − 3,043).
- Footnotes: PSUs and RSUs vested on May 1, 2026 and are delivered net of shares withheld to satisfy taxes (see F1–F5 for PSU/RSU descriptions and vesting schedules).
- Transaction codes: M = exercise/conversion of derivative awards; F = shares used to pay tax liability (withholding).
Context These transactions reflect awards vesting and net share settlement to cover tax withholding — not an open-market sale or purchase. When equity awards vest and shares are withheld for taxes, it’s a routine compensation-related event rather than a directional buy/sell signal by the insider.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-01+2,281→ 16,080 total - Exercise/Conversion
Class A Common Stock
[F2]2026-05-01+5,249→ 21,329 total - Tax Payment
Class A Common Stock
2026-05-01$152.82/sh−3,043$465,031→ 18,286 total - Exercise/Conversion
Performance Share Units
[F1][F3]2026-05-01−2,281→ 0 total→ Class A Common Stock (2,281 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-05-01−754→ 0 totalFrom: 2023-05-01→ Class A Common Stock (754 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−1,368→ 0 totalFrom: 2024-05-01→ Class A Common Stock (1,368 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−879→ 879 totalFrom: 2025-05-01→ Class A Common Stock (879 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−2,248→ 4,496 totalFrom: 2026-05-01→ Class A Common Stock (2,248 underlying)
Footnotes (5)
- [F1]Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- [F3]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.
- [F4]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.
- [F5]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.