LaBarge Jeffrey H. 4

What Happened
Jeffrey H. LaBarge, EVP, Chief Legal Officer & Secretary of Constellation Brands (STZ), was granted 127 performance share units (PSUs) on April 7, 2026. The award was recorded at $0.00 per share (derivative award); the PSUs represent a contingent right to receive one share of Class A common stock per unit if performance conditions and continued employment requirements are met. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-07; Filing date: 2026-04-09 (appears timely).
• Transaction type/code: Award/Grant (A); 127 PSUs acquired at $0.00 (derivative).
• Price/value: $0 reported for the grant; no immediate cash exchanged.
• Vesting/conditions: Performance criteria were satisfied on 2026-04-07 (per filing). PSUs vest on May 1, 2026 only if the reporting person remains employed through that date (F2, F3).
• Delivery/taxes: Vested shares will be delivered on the vesting date net of shares withheld to satisfy taxes (F3).
• Shares owned after transaction: Not specified in the filing.

Context
Performance share units are a common form of executive compensation and are contingent on both performance goals and continued employment. Because these are deferred/contingent awards (not an open-market buy or sale), they should be viewed as compensation-related rather than a direct trading signal.