Matthew E. Hamel - Jan 31, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
EVP and General Counsel
Signature
Jaileah X. Huddleston, Attorney in Fact for Matthew E. Hamel
Stock symbol
BFA
Transactions as of
Jan 31, 2022
Transactions value $
-$293,036
Form type
4
Date filed
2/1/2022, 06:54 PM
Previous filing
Nov 2, 2021
Next filing
May 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $321K +14.1K +204.62% $22.72 21K Jan 31, 2022 Direct F1
transaction BFA Class B Common Tax liability -$614K -9.13K -43.41% $67.25 11.9K Jan 31, 2022 Direct F2
holding BFA Class A Common 998 Jan 31, 2022 Direct F3
holding BFA Class A Common 59.5 Jan 31, 2022 DRIP F4
holding BFA Class A Common 6.98K Jan 31, 2022 2021 GRAT F5
holding BFA Class A Common 24.9K Jan 31, 2022 GRAT F6
holding BFA Class B Common 18.7K Jan 31, 2022 By 401k F7
holding BFA Class B Common 12.9 Jan 31, 2022 DRIP F4
holding BFA Class B Common 4K Jan 31, 2022 ESPP F8
holding BFA Class B Common 25.8K Jan 31, 2022 2021 GRAT F9
holding BFA Class B Common 41.6K Jan 31, 2022 GRAT F10
holding BFA Class B Common 70.3K Jan 31, 2022 Spouse Trust

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 -14.1K -49.3% $0.00 14.5K Jan 31, 2022 Class B Common 14.1K $22.72 Direct F11
holding BFA Stock Appreciation Right 43.5K Jan 31, 2022 Class B Common 43.5K $28.03 Direct F12
holding BFA Stock Appreciation Right 34.2K Jan 31, 2022 Class B Common 34.2K $35.60 Direct F13
holding BFA Stock Appreciation Right 39K Jan 31, 2022 Class B Common 39K $39.58 Direct F14
holding BFA Stock Appreciation Right 57.3K Jan 31, 2022 Class B Common 57.3K $37.94 Direct F15
holding BFA Stock Appreciation Right 48.3K Jan 31, 2022 Class B Common 48.3K $39.20 Direct F16
holding BFA Stock Appreciation Right 30K Jan 31, 2022 Class B Common 30K $53.24 Direct F17
holding BFA Stock Appreciation Right 30.7K Jan 31, 2022 Class B Common 30.7K $53.88 Direct F18
holding BFA Stock Appreciation Right 23.4K Jan 31, 2022 Class B Common 23.4K $68.24 Direct F19
holding BFA Stock Appreciation Right 13.7K Jan 31, 2022 Class B Common 13.7K $70.24 Direct F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total adjusted to reflect the transfer of 5,104 Class B shares from GRAT to direct holdings, and the transfer of 25,812 Class B shares from direct holdings to 2021 GRAT.
F2 The closing price of BF-B on January 28, 2022, was used to calculate the withholding obligation.
F3 Total adjusted to reflect the transfer of 2,955 Class A shares from GRAT to direct holdings, and the transfer of 6,983 Class A shares from direct holdings to 2021 GRAT.
F4 Number of shares acquired through the issuer's dividend reinvestment plan as of January 31, 2022.
F5 Reflects the transfer of 6,983 Class A shares from direct holdings to 2021 GRAT.
F6 Total adjusted to reflect the transfer of 2,955 Class A shares from GRAT to direct holdings.
F7 Number of shares acquired through the issuer's 401(k) plan as of January 31, 2022.
F8 Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2022.
F9 Reflects the transfer of 25,812 Class B shares from direct holdings to 2021 GRAT.
F10 Total adjusted to reflect the transfer of 5,104 Class B shares from GRAT to direct holdings.
F11 These stock appreciation rights were previously reported as covering 28,265 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.
F12 These stock appreciation rights were previously reported as covering 42,910 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.
F13 These stock appreciation rights were previously reported as covering 33,676 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.
F14 These stock appreciation rights were previously reported as covering 38,419 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.
F15 These stock appreciation rights were previously reported as covering 56,472 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F16 These stock appreciation rights were previously reported as covering 47,637 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F17 These stock appreciation rights were previously reported as covering 29,569 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F18 These stock appreciation rights were previously reported as covering 30,264 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F19 These stock appreciation rights were previously reported as covering 23,056 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F20 These stock appreciation rights were previously reported as covering 13,519 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.