Thomas Hinrichs - Apr 29, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP/Pres., Emerging Intl
Signature
Jaileah X. Huddleston, Attorney in Fact for Thomas W. Hinrichs
Stock symbol
BFA
Transactions as of
Apr 29, 2022
Transactions value $
-$320,135
Form type
4
Date filed
5/2/2022, 08:49 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 $333K +14.7K +186.79% $22.72 22.5K Apr 29, 2022 Direct
transaction BFA Class B Common Tax liability -$653K -9.51K -42.24% $68.70 13K Apr 29, 2022 Direct F1

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 -14.7K -100% $0.00* 0 Apr 29, 2022 Class B Common 14.7K $22.72 Direct F2
holding BFA Stock Appreciation Right 11.3K Apr 29, 2022 Class B Common 11.3K $28.03 Direct F3
holding BFA Stock Appreciation Right 15.2K Apr 29, 2022 Class B Common 15.2K $37.94 Direct F4
holding BFA Stock Appreciation Right 12.8K Apr 29, 2022 Class B Common 12.8K $39.20 Direct F5
holding BFA Stock Appreciation Right 11.3K Apr 29, 2022 Class B Common 11.3K $53.24 Direct F6
holding BFA Stock Appreciation Right 23.7K Apr 29, 2022 Class B Common 23.7K $53.88 Direct F7
holding BFA Stock Appreciation Right 18K Apr 29, 2022 Class B Common 18K $68.24 Direct F8
holding BFA Stock Appreciation Right 11.3K Apr 29, 2022 Class B Common 11.3K $70.24 Direct F9
* 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 April 28, 2022 was used to calculate the withholding obligation.
F2 These stock appreciation rights were previously reported as covering 14,457 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.
F3 These stock appreciation rights were previously reported as covering 11,134 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.
F4 These stock appreciation rights were previously reported as covering 14,966 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F5 These stock appreciation rights were previously reported as covering 12,647 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F6 These stock appreciation rights were previously reported as covering 11,153 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F7 These stock appreciation rights were previously reported as covering 23,319 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F8 These stock appreciation rights were previously reported as covering 17,708 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F9 These stock appreciation rights were previously reported as covering 11,153 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.