Constellation Brands names Nicholas I.
Filed with the SEC on · Summarized by InvestorsBot
Constellation Brands names Nicholas I. Fink President & CEO effective Apr 13, 2026; Board member since Jan 2021. Fink is current CEO of Fortune Brands (NYSE: FBIN). Employment agreement signed Feb 10, 2026. $STZ $FBIN 🎯 #Leadership #CorporateGovernance
Fink compensation highlights: base salary $1.4M; FY27 AMIP target 160% of base; FY27 LTSIP award value $11M; Replacement Equity = 85,385 RSUs + 415,295 options, vest pro‑rata over 3 years. Legal fees reimb. up to $50k. $STZ 💼 #ExecComp #Equity
Severance terms: if Fink leaves for Good Reason or is terminated without Cause (or agreement expires) he gets lump sum = 2x base + 2x avg annual bonus (last 3 yrs), 24 months of medical payments, and 18 months outplacement. Pre‑grant protection covers Replacement Equity value. $STZ 🧾 #InvestorAlert
William Newlands will step down as President & CEO and retire from the Board effective Apr 13, 2026; he’ll be Strategic Advisor through Apr 30, 2026, then consultant May 1–Dec 31, 2026 for $1.2M plus expense reimbursement. $STZ 🤝 #Succession #Transition