Kathleen M. Gutmann - Jul 22, 2021 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role: Director
Signature: Jaileah X. Huddleston, Attorney in Fact for Kathleen M. Gutmann
Stock symbol: BFA
Transactions as of: Jul 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/26/2021, 05:28 PM
Previous filing: May 17, 2021
Next filing: Jan 28, 2022

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	Deferred Stock Units	Award	$0	+2.15K		$0.00	2.15K	Jul 22, 2021	Class A Common	2.15K		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 common stock. Grants made on July 22, 2021, were based on the closing price of the Company's Class A common stock on that date ($67.35). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
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.

Content

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 common stock. Grants made on July 22, 2021, were based on the closing price of the Company's Class A common stock on that date ($67.35). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.

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.