Elizabeth M. Brown - Jul 25, 2024 Form 4 Insider Report for BROWN FORMAN CORP (BF-B)

Role
Director
Signature
Nancie Oliver Mauffray, Attorney in Fact for Elizabeth M. Brown
Stock symbol
BF-B
Transactions as of
Jul 25, 2024
Transactions value $
$0
Form type
4
Date filed
7/29/2024, 04:14 PM
Previous filing
Aug 4, 2023

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 BF-B Deferred Stock Units Award $0 +5.11K $0.00 5.11K Jul 25, 2024 Class A Common 5.11K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A stock. Grants made on July 25, 2024, were based on the closing price of the Company's Class A common stock on that date ($45.99). On each dividend payment date, participants are credited with DSU equivalents.
F2 Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service.

Remarks:

Includes Exhibit 24 - Power of Attorney