Matthew E. Hamel - Jan 31, 2024 Form 4 Insider Report for BROWN FORMAN CORP (BFA, BFB)

Role
EVP and General Counsel
Signature
Michael E. Carr, Jr., Attorney in Fact for Matthew E. Hamel
Stock symbol
BFA, BFB
Transactions as of
Jan 31, 2024
Transactions value $
-$60,344
Form type
4
Date filed
2/1/2024, 05:57 PM
Previous filing
Nov 2, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA, BFB Class B Common Options Exercise $304K +8.54K +33.79% $35.60 33.8K Jan 31, 2024 Direct
transaction BFA, BFB Class B Common Tax liability -$364K -6.49K -15.08% $56.11 36.6K Jan 31, 2024 Direct F1, F2
holding BFA, BFB Class B Common 19.8K Jan 31, 2024 2021 GRAT F3
holding BFA, BFB Class B Common 30.7K Jan 31, 2024 GRAT F4
holding BFA, BFB Class B Common 90K Jan 31, 2024 Spouse Trust
holding BFA, BFB Class B Common 5.16K Jan 31, 2024 ESPP F5
holding BFA, BFB Class B Common 20.5K Jan 31, 2024 By 401k F6
holding BFA, BFB Class B Common 19.2 Jan 31, 2024 DRIP F7
holding BFA, BFB Class A Common 11.6K Jan 31, 2024 Direct F8
holding BFA, BFB Class A Common 5.53K Jan 31, 2024 2021 GRAT F9
holding BFA, BFB Class A Common 18.1K Jan 31, 2024 GRAT F10
holding BFA, BFB Class A Common 85.9 Jan 31, 2024 DRIP F7

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, BFB Stock Appreciation Right Options Exercise $0 -8.54K -49.99% $0.00 8.54K Jan 31, 2024 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 January 30, 2024, was used to calculate the withholding obligation.
F2 Total updated to reflect transfer of 3,146 Class B shares from 2021 GRAT to individual holdings and transfer of 6,097 Class B shares from GRAT to individual holdings.
F3 Total updated to reflect transfer of 3,146 Class B shares from 2021 GRAT to individual holdings.
F4 Total updated to reflect transfer of 6,097 Class B shares from GRAT to individual holdings.
F5 Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2024.
F6 Number of shares acquired through the issuer's 401(k) plan as of January 31, 2024.
F7 Number of shares acquired through the issuer's dividend reinvestment plan as of January 31, 2024.
F8 Total updated to reflect transfer of 756 Class A shares from 2021 GRAT to individual holdings and 3,944 Class A shares from GRAT to individual holdings.
F9 Total updated to reflect transfer of 756 Class A shares from 2021 GRAT to individual holdings.
F10 Total updated to reflect transfer of 3,944 Class A shares from GRAT to individual holdings.