Erickson Paula Kristine 4

What Happened Paula Kristine Erickson, EVP & Chief Human Resources Officer of Constellation Brands (STZ), had 1,800 restricted stock units (RSUs) convert to common shares on May 1, 2026. The RSUs converted at $0.00 (no cash exercise price). To cover tax withholding, 506 of the shares were surrendered at $152.82 each for a tax withholding amount of $77,327, leaving a net delivery of 1,294 shares to Erickson.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely).
• Conversion/exercise: 1,800 RSUs converted to 1,800 shares (derivative conversion, code M).
• Tax withholding/disposition: 506 shares withheld/disposed at $152.82 each for $77,327 (code F).
• Net shares delivered to insider: 1,294 shares (1,800 − 506).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F1—each RSU converts to one Class A share; F3—these RSUs vested on May 1, 2026 and vested shares are delivered net of shares withheld for taxes; F2 notes some shares were acquired under the 1989 ESPP in Jan 2026.

Context This was a routine RSU vesting event with shares converted and a portion withheld to satisfy tax obligations (a common “net share settlement” approach). It is not an open-market purchase or sale intended to signal investment sentiment; the transaction reflects compensation vesting and tax withholding mechanics rather than a cash trade.