Thomas Hinrichs - 29 Apr 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role: SVP/Pres., Emerging Intl
Signature: Jaileah X. Huddleston, Attorney in Fact for Thomas W. Hinrichs
Issuer symbol: BFA
Transactions as of: 29 Apr 2022
Net transactions value: -$320,135
Form type: 4
Filing time: 02 May 2022, 20:49:00 UTC
Previous filing: 26 Jul 2021
Next filing: 03 Jun 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	$333,202	+14,663	+187%	$22.72	22,513	29 Apr 2022	Direct
transaction	BFA	Class B Common	Tax liability	$653,337	-9,510	-42%	$68.70	13,003	29 Apr 2022	Direct	F1

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	-14,663	-100%	$0.000000^*	0	29 Apr 2022	Class B Common	14,663	$22.72	Direct	F2
holding	BFA	Stock Appreciation Right						11,293	29 Apr 2022	Class B Common	11,293	$28.03	Direct	F3
holding	BFA	Stock Appreciation Right						15,179	29 Apr 2022	Class B Common	15,179	$37.94	Direct	F4
holding	BFA	Stock Appreciation Right						12,827	29 Apr 2022	Class B Common	12,827	$39.20	Direct	F5
holding	BFA	Stock Appreciation Right						11,312	29 Apr 2022	Class B Common	11,312	$53.24	Direct	F6
holding	BFA	Stock Appreciation Right						23,651	29 Apr 2022	Class B Common	23,651	$53.88	Direct	F7
holding	BFA	Stock Appreciation Right						17,960	29 Apr 2022	Class B Common	17,960	$68.24	Direct	F8
holding	BFA	Stock Appreciation Right						11,312	29 Apr 2022	Class B Common	11,312	$70.24	Direct	F9

* 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 April 28, 2022 was used to calculate the withholding obligation.
F2	These stock appreciation rights were previously reported as covering 14,457 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.
F3	These stock appreciation rights were previously reported as covering 11,134 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.
F4	These stock appreciation rights were previously reported as covering 14,966 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F5	These stock appreciation rights were previously reported as covering 12,647 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F6	These stock appreciation rights were previously reported as covering 11,153 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F7	These stock appreciation rights were previously reported as covering 23,319 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F8	These stock appreciation rights were previously reported as covering 17,708 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F9	These stock appreciation rights were previously reported as covering 11,153 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.