Matthew E. Hamel - Jul 27, 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
Jul 27, 2023
Transactions value $
-$138,531
Form type
4
Date filed
7/31/2023, 05:03 PM
Previous filing
Jun 26, 2023
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $304K +8.54K +40.01% $35.60 29.9K Jul 31, 2023 Direct
transaction BFA Class B Common Tax liability -$442K -6.25K -20.91% $70.82 23.6K Jul 31, 2023 Direct F1
holding BFA Class B Common 22.9K Jul 27, 2023 2021 GRAT
holding BFA Class B Common 36.8K Jul 27, 2023 GRAT
holding BFA Class B Common 90K Jul 27, 2023 Spouse Trust
holding BFA Class B Common 17.3 Jul 27, 2023 DRIP F2
holding BFA Class B Common 4.88K Jul 27, 2023 ESPP F3
holding BFA Class B Common 20.3K Jul 27, 2023 By 401k F4

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 Award $0 +11.2K $0.00 11.2K Jul 27, 2023 Class B Common 11.2K $69.87 Direct
transaction BFA Stock Appreciation Right Options Exercise $0 -8.54K -25% $0.00 25.6K Jul 31, 2023 Class B Common 8.54K $35.60 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 July 28, 2023, was used to calculate the withholding obligation.
F2 Number of shares acquired through the issuer's dividend reinvestment plan as of July 31, 2023.
F3 Number of shares acquired through the issuer's employee stock purchase program as of July 31, 2023.
F4 Number of shares acquired through the issuer's 401(k) plan as of July 28, 2023.