Marshall B. Farrer - 29 Apr 2022 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Role: SVP/Pres. Europe, Director
Signature: Jaileah X. Huddleston, Attorney in Fact for Marshall B. Farrer
Issuer symbol: BF-A
Transactions as of: 29 Apr 2022
Net transactions value: -$81,232
Form type: 4
Filing time: 02 May 2022, 20:50:10 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	$136,753	+6,018	+33%	$22.72	24,187	29 Apr 2022	Direct
transaction	BFA	Class B Common	Tax liability	$217,985	-3,173	-13%	$68.70	21,014	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	-6,018	-100%	$0.000000^*	0	29 Apr 2022	Class B Common	6,018	$22.72	Direct	F2
holding	BFA	Stock Appreciation Right						4,883	29 Apr 2022	Class B Common	4,883	$39.58	Direct	F3
holding	BFA	Stock Appreciation Right						3,338	29 Apr 2022	Class B Common	3,338	$37.94	Direct	F4
holding	BFA	Stock Appreciation Right						2,683	29 Apr 2022	Class B Common	2,645	$53.88	Direct	F5
holding	BFA	Stock Appreciation Right						3,406	29 Apr 2022	Class B Common	3,406	$68.24	Direct	F6
holding	BFA	Stock Appreciation Right						8,752	29 Apr 2022	Class B Common	8,752	$70.24	Direct	F7

* 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 5,933 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 4,814 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.
F4	These stock appreciation rights were previously reported as covering 3,291 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 2,645 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F6	These stock appreciation rights were previously reported as covering 3,358 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F7	These stock appreciation rights were previously reported as covering 8,629 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.