What the executives and directors of Constellation Brands actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| STERN ZACHARY M | 10% owner | 3.3M | — | — |
| ZMSS Business Holdings LP | Other | 3.3M | — | — |
| ZMSS Business Management LLC | Other | 3.3M | — | — |
| WildStar Partners LLC | 10% owner | 1.7M | — | — |
| RRA&Z Holdings LLC | 10% owner | 1.7M | — | — |
| SER Business Holdings LP | Other | 1.7M | — | — |
| Sands Family Foundation | Other | 52.9K | — | — |
| Newlands William A President & CEO | CEO | 20.1K | — | — |
| Sabia James A. Jr. EVP & Pres. Beer | Officer | 19.2K | — | — |
| Hankinson Garth EVP & CFO | CFO | 16.1K | — | — |
| Hanson Robert Lee EVP & Pres. Wine and Spirits | Officer | 11.7K | — | — |
| SANDS ROBERT | Director | 9,714 | — | — |
| Bourdeau James O. EVP and Senior Advisor | Officer | 9,109 | — | $631K |
| Monteiro Mallika EVP, MD, Beer Brands | Officer | 7,559 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-12 | Bourdeau James O. (Officer) | Discretionary sale | 4,407 | $143.24 | $631K |
| 2026-04-27 | Hernandez Ernesto M (Director) | Discretionary sale | 2,000 | $153.92 | $308K |
| 2026-02-17 | Glaetzer Samuel J (Officer) | Discretionary sale | 555 | $153.78 | $85K |
| 2025-07-21 | Bourdeau James O. (Officer) | Discretionary sale | 821 | $169.00 | $139K |
| 2025-07-08 | Baldwin Christopher J (Director) | Open-market buy | 1,000 | $169.62 | $170K |
| 2025-07-07 | Baldwin Christopher J (Director) | Open-market buy | 1,000 | $171.27 | $171K |
| 2025-05-13 | Glaetzer Samuel J (Officer) | Discretionary sale | 3,150 | $188.54 | $594K |
| 2025-01-17 | GILES WILLIAM T (Director) | Open-market buy | 1,000 | $186.39 | $186K |
| 2024-11-20 | SANDS RICHARD (Director) | Discretionary sale | 660 | $241.00 | $159K |
| 2024-11-20 | SANDS ROBERT (Director) | Discretionary sale | 660 | $241.00 | $159K |
| 2024-11-14 | Newlands William A (CEO) | Discretionary sale | 25K | $243.58 | $6.1M |
| 2024-11-14 | Sabia James A. Jr. (Officer) | Discretionary sale | 36.1K | $242.99 | $8.8M |
| 2024-11-13 | SANDS RICHARD (Director) | Discretionary sale | 59.6K | $240.38 | $14.3M |
| 2024-11-13 | SANDS ROBERT (Director) | Discretionary sale | 59.6K | $240.38 | $14.3M |
| 2024-11-13 | STERN ZACHARY M (Other) | Discretionary sale | 59.6K | $240.38 | $14.3M |
| 2024-11-13 | Carey Kaneenat Kristann (Officer) | Discretionary sale | 330 | $239.00 | $79K |
| 2024-10-29 | Newlands William A (CEO) | Discretionary sale | 7,426 | $237.24 | $1.8M |
| 2024-10-16 | SANDS ROBERT (Director) | Discretionary sale | 8,023 | $243.40 | $2M |
| 2024-10-16 | SANDS ROBERT (Director) | Discretionary sale | 48.3K | $242.00 | $11.7M |
| 2024-10-16 | SANDS ROBERT (Director) | Discretionary sale | 62.9K | $242.53 | $15.3M |
| 2024-10-14 | Glaetzer Samuel J (Officer) | Discretionary sale | 1,510 | $245.57 | $371K |
| 2024-08-09 | Hankinson Garth (CFO) | Discretionary sale | 20.1K | $240.16 | $4.8M |
| 2024-08-08 | Hankinson Garth (CFO) | Discretionary sale | 13.6K | $240.00 | $3.3M |
| 2024-07-26 | MCCARTHY DANIEL J (Director) | Discretionary sale | 1,854 | $252.43 | $468K |
| 2024-07-12 | Carey Kaneenat Kristann (Officer) | Discretionary sale | 977 | $261.00 | $255K |
| 2024-05-10 | Newlands William A (CEO) | Discretionary sale | 6,189 | $262.05 | $1.6M |
| 2024-05-10 | Newlands William A (CEO) | Discretionary sale | 18.8K | $261.38 | $4.9M |
| 2024-05-03 | McGrew Michael (Officer) | Discretionary sale | 3,237 | $255.50 | $827K |
| 2024-04-19 | Newlands William A (CEO) | Discretionary sale | 4,013 | $263.25 | $1.1M |
| 2024-04-12 | Sabia James A. Jr. (Officer) | Discretionary sale | 15.8K | $263.63 | $4.2M |
| 2024-01-09 | Sands Family Foundation (Other) | Discretionary sale | 1,427 | $249.17 | $356K |
| 2024-01-09 | Sands Family Foundation (Other) | Discretionary sale | 1,601 | $247.82 | $397K |
| 2024-01-09 | Sands Family Foundation (Other) | Discretionary sale | 2,448 | $250.62 | $614K |
| 2024-01-09 | Sands Family Foundation (Other) | Discretionary sale | 49K | $251.09 | $12.3M |
| 2024-01-08 | Sands Family Foundation (Other) | Discretionary sale | 13.4K | $251.38 | $3.4M |
| 2024-01-08 | Sands Family Foundation (Other) | Discretionary sale | 15.4K | $248.76 | $3.8M |
| 2024-01-08 | Sands Family Foundation (Other) | Discretionary sale | 154.8K | $250.70 | $38.8M |
| 2024-01-08 | Sands Family Foundation (Other) | Discretionary sale | 171K | $249.90 | $42.7M |
| 2023-11-08 | Sands Family Foundation (Other) | Discretionary sale | 4,559 | $243.09 | $1.1M |
| 2023-11-08 | Sands Family Foundation (Other) | Discretionary sale | 37.7K | $242.30 | $9.1M |
| 2023-11-08 | Sands Family Foundation (Other) | Discretionary sale | 59.9K | $241.46 | $14.5M |
| 2023-11-07 | Sands Family Foundation (Other) | Discretionary sale | 6,247 | $243.54 | $1.5M |
| 2023-11-07 | Sands Family Foundation (Other) | Discretionary sale | 15.1K | $241.02 | $3.6M |
| 2023-11-07 | Sands Family Foundation (Other) | Discretionary sale | 37.1K | $242.42 | $9M |
| 2023-11-07 | Sands Family Foundation (Other) | Discretionary sale | 112.1K | $243.07 | $27.3M |
| 2023-11-06 | Sands Family Foundation (Other) | Discretionary sale | 4,375 | $243.38 | $1.1M |
| 2023-11-06 | Sands Family Foundation (Other) | Discretionary sale | 64.7K | $242.61 | $15.7M |
| 2023-11-06 | Sands Family Foundation (Other) | Discretionary sale | 67.3K | $241.87 | $16.3M |
| 2023-08-04 | Hernandez Ernesto M (Director) | Discretionary sale | 5,086 | $269.00 | $1.4M |
| 2023-08-03 | Bourdeau James O. (Officer) | Discretionary sale | 30.7K | $269.00 | $8.3M |
| 2023-07-24 | MCCARTHY DANIEL J (Director) | Discretionary sale | 1,736 | $269.86 | $468K |
| 2023-07-20 | Newlands William A (CEO) | Discretionary sale | 2,945 | $266.67 | $785K |
| 2023-07-20 | Newlands William A (CEO) | Discretionary sale | 8,657 | $268.30 | $2.3M |
| 2023-07-20 | Newlands William A (CEO) | Discretionary sale | 37.8K | $267.91 | $10.1M |
| 2023-07-20 | Hanson Robert Lee (Officer) | Discretionary sale | 12.3K | $268.10 | $3.3M |
| 2023-07-20 | Hankinson Garth (CFO) | Discretionary sale | 1,550 | $267.96 | $415K |
| 2023-07-20 | Carey Kaneenat Kristann (Officer) | Discretionary sale | 5,682 | $269.00 | $1.5M |
| 2023-05-10 | SANDS RICHARD (Director) | Discretionary sale | 3.9M | $223.53 | $862.5M |
| 2023-05-10 | SANDS ROBERT (Director) | Discretionary sale | 3.9M | $223.53 | $862.5M |
| 2023-05-10 | RSS Business Management LLC (Other) | Discretionary sale | 156 | $223.53 | $35K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.