CONSTELLATION BRANDS, INC. — Director's Dealing 2023

May 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2023-05-01

Reporting Person: Newlands William A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-01	Class A Common Stock	M	6900	—	Acquired	19366	Direct
2023-05-01	Class A Common Stock	M	8131	—	Acquired	27497	Direct
2023-05-01	Class A Common Stock	F	6165	$230.23	Disposed	21332	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-01	Performance Share Units	$	M	6900	Disposed		Class A Common Stock (6900.0)	Direct
2023-05-01	Restricted Stock Units	$	M	1446	Disposed		Class A Common Stock (1446.0)	Direct
2023-05-01	Restricted Stock Units	$	M	2573	Disposed		Class A Common Stock (2573.0)	Direct
2023-05-01	Restricted Stock Units	$	M	1653	Disposed		Class A Common Stock (1653.0)	Direct
2023-05-01	Restricted Stock Units	$	M	2459	Disposed		Class A Common Stock (2459.0)	Direct

Footnotes

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

F2: Includes shares of Class A Common Stock acquired in January 2023 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

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

F4: The performance share units disposed of in the reported transaction vested on May 1, 2023. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.

F5: The restricted stock units vest in four equal annual installments beginning on the first date specified. The restricted stock units disposed of in the reported transaction vested on May 1, 2023. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.