LaBarge Jeffrey H. 4
4 · CONSTELLATION BRANDS, INC. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Constellation Brands (STZ) EVP Jeffrey LaBarge Receives Vested Shares
What Happened
Jeffrey H. LaBarge, EVP, Chief Legal Officer & Secretary of Constellation Brands (STZ), had performance- and restricted‑share units vest on May 1, 2026 and converted into 1,558 shares of Class A common stock. Of those vested shares, 507 shares were surrendered/withheld to cover tax obligations (payment recorded at $152.82 per share, total $77,480), leaving 1,051 net shares delivered to him. The transactions are recorded as exercises/conversions of derivative awards (code M) and a tax payment/withholding (code F).
Key Details
- Transaction date: May 1, 2026 (reported on Form 4 filed May 5, 2026) — filing appears timely.
- Gross shares converted: 1,558 (comprised of vested performance share units and restricted stock units).
- Shares withheld for taxes: 507 at $152.82 each → $77,480.
- Net shares delivered to insider: 1,051 (1,558 − 507).
- Transaction codes: M = exercise/conversion of derivative awards (PSUs/RSUs); F = payment of tax liability via share withholding.
- Footnotes: F1–F5 clarify that PSUs and RSUs represent contingent rights to one share each, vested on May 1, 2026, and vested shares were delivered net of shares withheld for taxes.
- Shares owned after the transaction: not specified in the data provided in this summary.
Context
This was a standard vesting/settlement of equity compensation (not an open‑market buy or sale). The withholding of shares to satisfy tax obligations is common in net‑settlement of RSUs/PSUs and effectively a cashless way to cover taxes rather than a market sale by the insider. No 10% owner or 10b5‑1 plan was indicated in the provided notes.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-01+127→ 4,517 total - Exercise/Conversion
Class A Common Stock
[F2]2026-05-01+1,431→ 5,948 total - Tax Payment
Class A Common Stock
2026-05-01$152.82/sh−507$77,480→ 5,441 total - Exercise/Conversion
Performance Share Units
[F1][F3]2026-05-01−127→ 0 total→ Class A Common Stock (127 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-05-01−327→ 0 totalFrom: 2023-05-01→ Class A Common Stock (327 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−210→ 0 totalFrom: 2024-05-01→ Class A Common Stock (210 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−138→ 0 totalFrom: 2024-05-01→ Class A Common Stock (138 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−220→ 220 totalFrom: 2025-05-01→ Class A Common Stock (220 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-01−536→ 1,070 totalFrom: 2026-05-01→ Class A Common Stock (536 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.