Ralph E. de Chabert - Jun 1, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP, Chief Diversity Officer
Signature
Jaileah X. Huddleston, Attorney in Fact for Ralph E. de Chabert
Stock symbol
BFA
Transactions as of
Jun 1, 2022
Transactions value $
-$18,102
Form type
4
Date filed
6/3/2022, 07:32 PM
Previous filing
Jul 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class A Common Award $0 +937 +34.1% $0.00 3.69K Jun 1, 2022 Direct F1
transaction BFA Class A Common Tax liability -$18.1K -290 -7.87% $62.42 3.4K Jun 1, 2022 Direct F2, F3

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
holding BFA Stock Appreciation Right 1.49K Jun 1, 2022 Class B Common 1.49K $28.03 Direct F4
holding BFA Stock Appreciation Right 1.73K Jun 1, 2022 Class B Common 1.73K $35.60 Direct F5
holding BFA Stock Appreciation Right 7.25K Jun 1, 2022 Class B Common 7.25K $39.58 Direct F6
holding BFA Stock Appreciation Right 8.31K Jun 1, 2022 Class B Common 8.31K $37.94 Direct F7
holding BFA Stock Appreciation Right 7.01K Jun 1, 2022 Class B Common 7.01K $39.20 Direct F8
holding BFA Stock Appreciation Right 4.35K Jun 1, 2022 Class B Common 4.35K $53.24 Direct F9
holding BFA Stock Appreciation Right 5.47K Jun 1, 2022 Class B Common 5.47K $53.88 Direct F10
holding BFA Stock Appreciation Right 7.5K Jun 1, 2022 Class B Common 7.5K $68.24 Direct F11
holding BFA Stock Appreciation Right 5.03K Jun 1, 2022 Class B Common 5.03K $70.24 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued on June 1, 2022, in connection with a July 25, 2019, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2022.
F2 To satisfy withholding obligations associated with the July 25, 2019, award of performance-based restricted stock units that were issued as shares on June 1, 2022, the reporting person surrendered 290 shares of Class A common stock.
F3 The closing price of BF-A on April 29, 2022, was used to calculate the withholding obligation.
F4 These stock appreciation rights were previously reported as covering 1,471 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 1,700 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 7,152 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 8,192 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 6,910 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 4,288 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 5,391 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 7,393 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 4,961 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.