Matthew E. Hamel - 29 Oct 2021 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
Issuer symbol: BFA
Transactions as of: 29 Oct 2021
Net transactions value: -$301,567
Form type: 4
Filing time: 02 Nov 2021, 16:25:47 UTC
Previous filing: 13 Sep 2021
Next filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFA	Class B Common	Options Exercise	$325,723	+14,133	+63%	$23.05	36,722	29 Oct 2021	Direct
transaction	BFA	Class B Common	Tax liability	$627,290	-9,107	-25%	$68.88	27,615	29 Oct 2021	Direct	F1
holding	BFA	Class B Common						46,721	29 Oct 2021	GRAT
holding	BFA	Class B Common						70,272	29 Oct 2021	Spouse Trust
holding	BFA	Class B Common						18,341	29 Oct 2021	By 401k	F2
holding	BFA	Class B Common						3,806	29 Oct 2021	ESPP	F3
holding	BFA	Class B Common						9	29 Oct 2021	DRIP	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	Options Exercise	$0	-14,133	-33%	$0.000000	28,265	29 Oct 2021	Class B Common	14,133	$23.05	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 October 28, 2021, was used to calculate the withholding obligation.
F2	Number of shares acquired through the issuer's 401(k) plan as of November 1, 2021.
F3	Number of shares acquired through the issuer's employee stock purchase program as of November 1, 2021.
F4	Number of shares acquired through the issuer's dividend reinvestment plan as of November 1, 2021.