Glaetzer Samuel J 4
4 · CONSTELLATION BRANDS, INC. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Constellation Brands (STZ) EVP Samuel J. Glaetzer Receives Award
What Happened
Samuel J. Glaetzer, EVP & President, Wine and Spirits at Constellation Brands (STZ), was granted 192 performance share units (a derivative award) on April 7, 2026. The reported acquisition price is $0.00 because these are performance-based units that convert to common shares if performance and service conditions are met; the filing lists the units rather than an immediate market-value purchase or sale.
Key Details
- Transaction date: 2026-04-07 (performance criteria satisfied on this date per filing footnote).
- Award: 192 performance share units; reported price = $0.00 (derivative award, not an open-market purchase).
- Vesting/delivery: Units vest on May 1, 2026 if the reporting person remains employed; vested shares will be delivered net of shares withheld for taxes (footnotes F1–F3).
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing date: 2026-04-09 — filed within the typical 2-business-day Form 4 window (timely).
- Remarks: Exhibit 24 — Power of Attorney included.
Context
Performance share units are contingent rights to receive company stock if performance goals and continued employment requirements are met; they are different from outright purchases or sales and do not necessarily reflect an immediate personal cash investment. This award is a compensation/retention event (code A) rather than a buy or sell in the open market.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2][F3]2026-04-07+192→ 192 total→ Class A Common Stock (192 underlying)
Footnotes (3)
- [F1]Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- [F2]Represents the date that the performance criteria with respect to the performance share units was satisfied.
- [F3]The performance share units vest on May 1, 2026 if the reporting person remains an employee through such date. Vested shares will be delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes.