CONSTELLATION BRANDS INC
For the period ended Feb 28, 2025. Filed Apr 23, 2025.
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FY2025 · Filed Apr 23, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 3. Legal Proceedings
For information regarding Legal Proceedings, see Risk Factors and Note 16.
| PART II | OTHER KEY INFORMATION | Table of Contents |
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Our Class A Stock trades on the New York Stock Exchange under the symbol STZ. There is no public trading market for our Class 1 Stock. At April 16, 2025, the number of holders of record of our Class A Stock and Class 1 Stock were 459 and 19, respectively.
For information regarding dividends and share repurchase programs, see (i) MD&A and (ii) Note 17.
For information on securities authorized for issuance under our equity compensation plans, see Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters under Item 12. of this Form 10-K.
Issuer Purchases of Equity Securities
| Period | Total Numberof SharesPurchased | AveragePrice PaidPer Share | Total Numberof SharesPurchased asPart of aPubliclyAnnouncedProgram | ApproximateDollar Valueof Shares thatMay Yet BePurchasedUnder theProgram (1) |
|---|---|---|---|---|
| (in millions, except share and per share data) | ||||
| December 1 – 31, 2024 | — | $— | — | $1,945.6 |
| January 1 – 31, 2025 | 1,499,241 | $183.26 | 1,499,241 | $1,670.8 |
| February 1 – 28, 2025 | 1,060,314 | $170.70 | 1,060,314 | $1,489.9 |
| Total | 2,559,555 | $178.06 | 2,559,555 | |
(1)In November 2023, we announced that our Board of Directors authorized the repurchase of up to $2.0 billion of our publicly traded common stock under the 2023 Authorization. The Board of Directors did not specify a date upon which the 2023 Authorization would expire. Share repurchases for the periods included herein pursuant to the 2023 Authorization were effected through open market transactions and exclude the impact of Federal excise tax owed pursuant to the IRA. In April 2025, we announced that our Board of Directors authorized the repurchase of up to $4.0 billion of our publicly traded common stock under the 2025 Authorization. The 2025 Authorization replaced the 2023 Authorization in its entirety and no further repurchases will be made pursuant to the 2023 Authorization. The 2025 Authorization expires on February 29, 2028. Subsequent to February 28, 2025, we repurchased 494,094 shares of Class A Stock pursuant to the 2025 Authorization at an average cost of $185.53 per share through open market transactions.
| PART II | ITEM 7. MD&A | Table of Contents |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.