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Constellation Brands CEO’s total compensation rises to $9.3M

The two top leaders at Constellation Brands Inc. saw increases in their total compensation in fiscal 2016, a filing with the Securities and Exchange Commission shows.

Robert Sands, president and CEO, reported total compensation of $9.3 million in fiscal 2016, which ended Feb. 29, up more than 8 percent from $8.6 million in fiscal 2015.

Included in his most recent year’s compensation was a base salary of $1.3 million, stock awards totaling nearly $2.6 million, option awards worth $2.2 million, non-equity incentive plan compensation of $2.4 million and other compensation totaling $820,000.

Chairman Richard Sands had total compensation of $7.4 million in fiscal 2016, up more than 6 percent from roughly $7 million in fiscal 2015. The most recent year’s total includes a base salary of nearly $1.3 million, option awards totaling $3.2 million, non-equity incentive plan compensation of $2.4 million and other compensation totaling nearly $560,000.

Other named executives listed and their compensations are:

David Klein, chief financial officer—total compensation of $2.2 million, which includes a base salary of $475,000, stock awards totaling $638,000, option awards totaling $555,000, non-equity incentive plan compensation of $498,000 and other compensation totaling $49,000;

Robert Ryder, former chief financial officer—total compensation of $4.3 million, including a base salary of $274,000, stock awards totaling $843,000, option awards of $727,000 and other compensation totaling $2.4 million;

William Hackett, chairman of the beer division—total compensation of $2.8 million, including a salary of $592,000, stock awards totaling $794,000, option awards of $686,000, non-equity incentive plan compensation of $657,000 and other compensation totaling $56,000; and

John Wright, president of the Canadian business—total compensation of $2.9 million, including a salary of $623,000, stock awards totaling $837,000, option awards of $723,000, non-equity incentive plan compensation of $692,000 and other compensation of $46,000.

The compensation of the Sands’ brothers and other top Constellation Brands’ executives was included in an SEC filing for the company’s annual meeting of shareholders, slated to be held July 20 at the Nazareth College Arts Center.

Shareholders will be asked at the meeting to vote on the election of directors, ratify the selection of KPMG LLP as the company’s independent public accounting firm for the fiscal year, and approve the compensation of the company’s executive directors.

Constellation Brands is slated to release its first-quarter earnings June 30.

(c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.
 

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