Timothy M. Nall - Sep 10, 2021 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP CIO
Signature
Jaileah X. Huddleston, Attorney in Fact for Timothy M. Nall
Stock symbol
BFA
Transactions as of
Sep 10, 2021
Transactions value $
-$505,420
Form type
4
Date filed
9/13/2021, 05:03 PM
Previous filing
Jul 26, 2021
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $334K +11.7K +254.49% $28.43 16.4K Sep 10, 2021 Direct
transaction BFA Class B Common Tax liability -$568K -7.97K -48.75% $71.20 8.38K Sep 10, 2021 Direct F1
transaction BFA Class B Common Sale -$272K -3.77K -44.96% $72.06 4.61K Sep 10, 2021 Direct F2
holding BFA Class B Common 6.29K Sep 10, 2021 By 401k F3
holding BFA Class B Common 9 Sep 10, 2021 Family Trust

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 -11.7K -100% $0.00* 0 Sep 10, 2021 Class B Common 11.7K $28.43 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 September 9, 2021 was used to calculate the withholding obligation.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.05 to $72.08, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Number of shares acquired through the issuer's 401(k) plan as of September 9, 2021.