Glaetzer Samuel J 4

What Happened

• Samuel J. Glaetzer, EVP & President, Wine and Spirits of Constellation Brands, reported the vesting/conversion of a total of 2,812 performance/restricted share units on May 1, 2026. The reported entries show conversions (transaction code M) of 2,812 units into shares at $0.00 per share. To satisfy tax withholding (transaction code F), 921 shares were surrendered at $152.82 per share, resulting in $140,747 withheld. The net shares delivered to Mr. Glaetzer after withholding were 1,891 (2,812 vested − 921 withheld).

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026.
• Conversions (M): 2,812 shares converted from PSUs/RSUs at $0.00 exercise/conversion price.
• Tax withholding (F): 921 shares withheld at $152.82/share = $140,747.
• Net shares delivered to insider: 1,891 (vested shares net of withholding).
• Footnotes: PSUs and RSUs represent contingent rights to receive one share each; the PSUs/RSUs that vested on May 1, 2026 were delivered net of shares withheld to satisfy taxes (see F1–F5).
• Shares owned after the transaction: not specified in the reported Form 4.
• Timeliness: the filing reports the May 1 vesting and was filed May 5; the Form 4 does not indicate a late-filing designation.

Context

• These entries reflect compensation vesting (performance share units and restricted stock units) converting to common shares, not an open-market purchase. The withheld 921 shares are a common "sell-to-cover" to pay tax obligations on the vested awards, not necessarily a discretionary sale for investment reasons. This is routine executive equity compensation reporting rather than a market-timed trade.