Lawson E. Whiting - Jan 13, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
President & CEO, Director
Signature
Jaileah X. Huddleston, Attorney in Fact for Lawson E. Whiting
Stock symbol
BFA
Transactions as of
Jan 13, 2022
Transactions value $
-$417,861
Form type
4
Date filed
1/14/2022, 04:57 PM
Previous filing
Jul 26, 2021
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $455K +20K +172.32% $22.72 31.7K Jan 13, 2022 Direct
transaction BFA Class B Common Tax liability -$873K -13K -41.14% $67.01 18.6K Jan 13, 2022 Direct F1
holding BFA Class B Common 0.7 Jan 13, 2022 DRIP F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFA Stock Appreciation Right Options Exercise $0 -20K -100% $0.00* 0 Jan 13, 2022 Class B Common 20K $22.72 Direct F3
holding BFA Stock Appreciation Right 22.2K Jan 13, 2022 Class B Common 22.2K $28.03 Direct F4
holding BFA Stock Appreciation Right 15.6K Jan 13, 2022 Class B Common 15.6K $35.60 Direct F5
holding BFA Stock Appreciation Right 20.3K Jan 13, 2022 Class B Common 20.3K $39.58 Direct F6
holding BFA Stock Appreciation Right 29.3K Jan 13, 2022 Class B Common 29.3K $37.94 Direct F7
holding BFA Stock Appreciation Right 34.6K Jan 13, 2022 Class B Common 34.6K $39.20 Direct F8
holding BFA Stock Appreciation Right 41.3K Jan 13, 2022 Class B Common 41.3K $53.24 Direct F9
holding BFA Stock Appreciation Right 112K Jan 13, 2022 Class B Common 112K $53.88 Direct F10
holding BFA Stock Appreciation Right 109K Jan 13, 2022 Class B Common 109K $68.24 Direct F11
holding BFA Stock Appreciation Right 102K Jan 13, 2022 Class B Common 102K $70.24 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The closing price of BF-B on January 12, 2022, was used to calculate the withholding obligation.
F2 Number of shares acquired through the issuer's dividend reinvestment plan as of January 14, 2022.
F3 These stock appreciation rights were previously reported as covering 19,763 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.
F4 These stock appreciation rights were previously reported as covering 21,884 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.
F5 These stock appreciation rights were previously reported as covering 15,382 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.
F6 These stock appreciation rights were previously reported as covering 20,045 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.
F7 These stock appreciation rights were previously reported as covering 28,903 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F8 These stock appreciation rights were previously reported as covering 34,134 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F9 These stock appreciation rights were previously reported as covering 40,688 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F10 These stock appreciation rights were previously reported as covering 110,063 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F11 These stock appreciation rights were previously reported as covering 107,803 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F12 These stock appreciation rights were previously reported as covering 100,332 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.