STZ · Constellation Brands, Inc.

Summary

Constellation Brands, Inc. announced the appointment of Nicholas I. Fink as President and CEO effective April 13, 2026, succeeding William A. Newlands, who will step down from that role and the Board on the same date, serve as Strategic Advisor through April 30, 2026, and then as consultant through December 31, 2026. The company entered into an Employment Agreement with Fink providing $1.4M base salary, 160% AMIP target, $11M equity award, and replacement equity of 85,385 RSUs and 415,295 NQSOs.

Key takeaways

• Nicholas I. Fink appointed President and CEO effective April 13, 2026
• William A. Newlands steps down as President, CEO, and Board member effective April 13, 2026
• Fink's base salary $1,400,000; Fiscal 2027 AMIP target 160% of base; LTSIP equity $11,000,000
• Fink replacement equity: 85,385 RSUs vesting 34%/33%/33% over 3 years; 415,295 NQSOs vesting similarly
• Newlands Strategic Advisor through April 30, 2026; consultant May 1-Dec 31, 2026 for $1,200,000 fee