CONSTELLATION BRANDS, INC. — Director's Dealing 2021

May 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2021-05-01

Reporting Person: HETTERICH F PAUL (EVP & Pres. Beer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-01	Class A Common Stock	M	708	—	Acquired	56484	Direct
2021-05-01	Class A Common Stock	M	2639	—	Acquired	59123	Direct
2021-05-01	Class A Common Stock	F	1278	$240.32	Disposed	57845	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-01	Performance Share Units	$	M	708	Disposed		Class A Common Stock (708.0)	Direct
2021-05-01	Restricted Stock Units	$	M	635	Disposed		Class A Common Stock (635.0)	Direct
2021-05-01	Restricted Stock Units	$	M	479	Disposed		Class A Common Stock (479.0)	Direct
2021-05-01	Restricted Stock Units	$	M	603	Disposed		Class A Common Stock (603.0)	Direct
2021-05-01	Restricted Stock Units	$	M	922	Disposed		Class A Common Stock (922.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	737	Indirect
Class A Common Stock	599	Indirect
Class A Common Stock	14230	Indirect
Class A Common Stock	373.928	Indirect
Class A Common Stock	373.928	Indirect

Footnotes

F1: Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F2: Includes shares of Class A Common Stock acquired in January 2021 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F3: Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F4: The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F5: These shares are held in UTMA accounts for the benefit of the reporting person's stepsons. The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F6: The performance share units disposed of in the reported transaction vested on May 1, 2021. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.

F7: The restricted stock units disposed of in the reported transaction vested on May 1, 2021. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.