Marshall Farrer - Apr 29, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP/Pres. Europe, Director
Signature
Jaileah X. Huddleston, Attorney in Fact for Marshall B. Farrer
Stock symbol
BFA
Transactions as of
Apr 29, 2022
Transactions value $
-$81,232
Form type
4
Date filed
5/2/2022, 08:50 PM
Previous filing
Jul 26, 2021
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $137K +6.02K +33.12% $22.72 24.2K Apr 29, 2022 Direct
transaction BFA Class B Common Tax liability -$218K -3.17K -13.12% $68.70 21K Apr 29, 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 -6.02K -100% $0.00* 0 Apr 29, 2022 Class B Common 6.02K $22.72 Direct F2
holding BFA Stock Appreciation Right 4.88K Apr 29, 2022 Class B Common 4.88K $39.58 Direct F3
holding BFA Stock Appreciation Right 3.34K Apr 29, 2022 Class B Common 3.34K $37.94 Direct F4
holding BFA Stock Appreciation Right 2.68K Apr 29, 2022 Class B Common 2.65K $53.88 Direct F5
holding BFA Stock Appreciation Right 3.41K Apr 29, 2022 Class B Common 3.41K $68.24 Direct F6
holding BFA Stock Appreciation Right 8.75K Apr 29, 2022 Class B Common 8.75K $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.