Matthew E. Hamel - Apr 29, 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
Apr 29, 2022
Transactions value $
-$253,140
Form type
4
Date filed
5/2/2022, 08:52 PM
Previous filing
Feb 1, 2022
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 $326K +14.3K +120.38% $22.72 26.2K Apr 29, 2022 Direct
transaction BFA Class B Common Tax liability -$579K -8.43K -32.11% $68.70 17.8K Apr 29, 2022 Direct F1, F2
holding BFA Class B Common 25.8K Apr 29, 2022 2021 GRAT
holding BFA Class B Common 19.1K Apr 29, 2022 By 401k F3
holding BFA Class B Common 13.6 Apr 29, 2022 DRIP F4
holding BFA Class B Common 4.14K Apr 29, 2022 ESPP F5
holding BFA Class B Common 41.6K Apr 29, 2022 GRAT
holding BFA Class B Common 70.3K Apr 29, 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 -14.3K -100% $0.00* 0 Apr 29, 2022 Class B Common 14.3K $22.72 Direct
* 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 On the Form 4 dated February 1, 2022, an exercise of 14,133 shares and a withholding of 9,133 shares was reported. Due to a typographical error, an exercise of 14,333 shares and a withholding of 9,333 shares should have been reported. The net acquisition of 5,000 shares was correct and the total shares held following the earlier exercise remains correct.
F3 Number of shares acquired through the issuer's 401(k) plan as of April 29, 2022.
F4 Number of shares acquired through the issuer's dividend reinvestment plan as of April 29, 2022.
F5 Number of shares acquired through the issuer's employee stock purchase program as of April 29, 2022.