Constellation Brands Inc., the company behind popular beverages such as Corona Extra and Modelo, has reported a decline in the compensation of its Chief Legal Officer, James Bourdeau. As per the company’s most recent proxy statement, Bourdeau’s total compensation for the fiscal year ending February 28, 2025, was approximately $3.2 million. This signifies a reduction of about $900,000 from the previous fiscal year.
The fiscal 2025 compensation is down from the $4.1 million received in fiscal 2024 and the $4.3 million in fiscal 2023. The decline in the legal chief’s pay is largely attributed to the slump in Constellation’s shares, reflecting broader challenges that the beverage giant is facing within the market.
For those interested in a detailed examination of the corporate filings and compensation specifics, the company’s proxy statement provides further insights.
The reduction in Bourdeau’s compensation comes amidst a challenging period for Constellation Brands, which has seen fluctuating stock performance. This situation underscores the intricacies of executive compensations, which are often tied to stock performance and market dynamics.
For more information about the pay adjustments and their implications for Constellation Brands, you can view the detailed report on Bloomberg Law.