Matthew E. Hamel - Apr 28, 2023 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 28, 2023
Transactions value $
-$125,838
Form type
4
Date filed
5/2/2023, 04:29 PM
Previous filing
Feb 2, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $305K +10.9K +29.6% $28.03 47.6K Apr 28, 2023 Direct F1
transaction BFA Class B Common Tax liability -$431K -6.6K -13.85% $65.28 41K Apr 28, 2023 Direct F2
holding BFA Class B Common 22.9K Apr 28, 2023 2021 GRAT F1
holding BFA Class B Common 20K Apr 28, 2023 By 401k F3
holding BFA Class B Common 16.5 Apr 28, 2023 DRIP F4
holding BFA Class B Common 4.73K Apr 28, 2023 ESPP F5
holding BFA Class B Common 36.8K Apr 28, 2023 GRAT
holding BFA Class B Common 70.3K Apr 28, 2023 Spouse Trust
holding BFA Class A Common 5.97K Apr 28, 2023 Direct F1
holding BFA Class A Common 6.28K Apr 28, 2023 2021 GRAT F1
holding BFA Class A Common 75.1 Apr 28, 2023 DRIP F4
holding BFA Class A Common 22K Apr 28, 2023 GRAT

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 -10.9K -100% $0.00* 0 Apr 28, 2023 Class B Common 10.9K $28.03 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Totals updated to reflect transfer of 700 Class A shares and 2,900 Class B shares from 2021 GRAT to direct holdings.
F2 The closing price of BF-B on April 27, 2023, was used to calculate the withholding obligation.
F3 Number of shares acquired through the issuer's 401(k) plan as of April 28, 2023.
F4 Number of shares acquired through the issuer's dividend reinvestment plan as of May 1, 2023.
F5 Number of shares acquired through the issuer's employee stock purchase program as of May 1, 2023.