LaBarge Jeffrey H. 4

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.