William A. Newlands has been the CEO of Constellation Brands since March 2019, taking over a company with a strong presence in the beverage industry. Before this, he was the President and COO and had various roles including EVP and...

Current Market Cap

$47.27B

Number of Employees

10.6K

Total Compensation

2019 - 2023

Trending down by -35.00% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Down by -0.85% last year

Bonus

Up by 0.00% last year

Other

Down by -2.21% last year

Year

2023

Total Compensation

$4.67M

Salary

$1.34M

Board Justification

The compensation philosophy aims to attract, retain, and motivate key executives while aligning their interests with those of stockholders through performance-based incentives.

Bonus

$3.11M

Board Justification

Based on the Fiscal 2023 results, Mr. Newlands received an AMIP payment at approximately 127% of the target awards set by the Committee.

Other

$224.69K

Board Justification

Includes contributions under the 401(k) and Profit Sharing Plan, NQSP contributions, and perquisites such as personal use of corporate aircraft and charitable contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus is on the current year’s compensation.

Performance Metrics

The performance metrics for determining compensation include Net Sales, Comparable EBIT, and Free Cash Flow (FCF) targets.

SEC Filing

From June 3, 2024