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Constellation CEO's compensation jumps to $10.4 million

Rochester Business Journal
June 13, 2014

Total compensation for Robert Sands, president and CEO of Constellation Brands Inc., jumped some 30 percent to $10.4 million in 2014, a filing with the Securities and Exchange Commission shows.

The company reported Sands’ total compensation rose from $8 million in 2013. His base salary was $1.22 million, up from $1.19 million, in 2013. His compensation for 2014 included stock awards totaling nearly $4.5 million, option awards worth nearly $2 million, other compensation of $730,000 and non-equity incentive plan compensation of $2 million.

His brother, Chairman Richard Sands, received 2014 total compensation of $6.5 million, up from nearly $6.4 million in 2013. His base salary was $1.19 million, up from $1.16 million. He received option awards totaling nearly $2.9 million, other compensation of nearly $473,000 and non-equity incentive plan compensation of almost $2 million in 2014.

Robert Ryder, executive vice president and chief financial officer, received total compensation in 2014 of nearly $3.7 million, up from nearly $2.7 million. His base salary in 2014 was nearly $596,000, up from $582,000. Ryder also received in 2014 stock awards totaling $1.8 million, option awards of $643,000, other compensation of nearly $43,000 and non-equity plan compensation of $579,000.

William Hackett, executive vice president and president of the firm’s beer division, reported total compensation in 2014 of $4.5 million, including a salary of nearly $390,000, stock awards totaling nearly $2.8 million, option awards of $678,000, other compensation totaling nearly $34,000 and non-equity incentive plan compensation of $636,000. He was named to the position last June.

Paul Hetterich, executive vice president, business development and corporate strategy, earned total compensation of $4.2 million. That includes a salary of nearly $496,000, stock awards totaling nearly $2.7 million, option awards worth $535,000, other compensation of 33,500 and non-equity incentive plan compensation of nearly $482,000. His salary information for 2013 was not included in the SEC filing.

The salary information was included in the Victor-based firm’s proxy to shareholders for its annual meeting slated for July 23 at the Callahan Theater at the Nazareth College Arts Center.

At the meeting, shareholders will be asked to elect directors, ratify the selection of KPMG LLP as the company’s independent registered public accounting firm and approve the compensation of the company’s executive officers.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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