Kelli Brown - Jun 1, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP, Chief Accounting Officer
Signature
Jaileah X. Huddleston, Attorney in Fact for Kelli Nelson Brown
Stock symbol
BFA
Transactions as of
Jun 1, 2022
Transactions value $
-$7,284
Form type
4
Date filed
6/3/2022, 07:35 PM
Previous filing
Jul 26, 2021
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Award $0 +299 +22.52% $0.00 1.63K Jun 1, 2022 Direct F1
transaction BFA Class B Common Tax liability -$7.28K -108 -6.64% $67.44 1.52K Jun 1, 2022 Direct F2, F3
holding BFA Class B Common 8.19 Jun 1, 2022 DRIP F4
holding BFA Class B Common 853 Jun 1, 2022 ESPP F5

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 665 Jun 1, 2022 Class B Common 665 $39.58 Direct F6
holding BFA Stock Appreciation Right 2.06K Jun 1, 2022 Class B Common 2.06K $70.24 Direct F7
* 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 108 shares of Class B common stock.
F3 The closing price of BF-B on April 29, 2022, was used to calculate the withholding obligation.
F4 Number of shares acquired through the issuer's dividend reinvestment plan as of June 1, 2022.
F5 Number of shares acquired through the issuer's employee stock purchase program as of June 1, 2022.
F6 These stock appreciation rights were previously reported as covering 655 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 2,026 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.