John V. Hayes - Apr 29, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP/President, USA & Canada
Signature
Jaileah X. Huddleston, Attorney in Fact for John V. Hayes
Stock symbol
BFA
Transactions as of
Apr 29, 2022
Transactions value $
-$328,858
Form type
4
Date filed
5/2/2022, 08:51 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 $503K +22.1K +283.25% $22.74 29.9K Apr 29, 2022 Direct
transaction BFA Class B Common Tax liability -$832K -12.1K -40.46% $68.70 17.8K Apr 29, 2022 Direct F1
holding BFA Class B Common 8K Apr 29, 2022 By 401k F2
holding BFA Class B Common 14.3K Apr 29, 2022 Hayes Investments LLC
holding BFA Class B Common 47K Apr 29, 2022 Revocable 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 -22.1K -100% $0.00* 0 Apr 29, 2022 Class B Common 22.1K $22.72 Direct F3
holding BFA Stock Appreciation Right 9.15K Apr 29, 2022 Class B Common 9.15K $28.03 Direct F4
holding BFA Stock Appreciation Right 7.3K Apr 29, 2022 Class B Common 7.3K $35.60 Direct F5
holding BFA Stock Appreciation Right 9.32K Apr 29, 2022 Class B Common 9.32K $39.58 Direct F6
holding BFA Stock Appreciation Right 12.9K Apr 29, 2022 Class B Common 12.9K $37.94 Direct F7
holding BFA Stock Appreciation Right 10.8K Apr 29, 2022 Class B Common 10.8K $39.20 Direct F8
holding BFA Stock Appreciation Right 8.03K Apr 29, 2022 Class B Common 8.03K $53.24 Direct F9
holding BFA Stock Appreciation Right 9.57K Apr 29, 2022 Class B Common 9.57K $53.88 Direct F10
holding BFA Stock Appreciation Right 14.6K Apr 29, 2022 Class B Common 14.6K $68.24 Direct F11
holding BFA Stock Appreciation Right 8.81K Apr 29, 2022 Class B Common 8.81K $70.24 Direct F12
* 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 Number of shares acquired through the issuer's 401(k) plan as of April 29, 2022.
F3 These stock appreciation rights were previously reported as covering 21,806 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.
F4 These stock appreciation rights were previously reported as covering 9,020 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.
F5 These stock appreciation rights were previously reported as covering 7,201 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.
F6 These stock appreciation rights were previously reported as covering 9,190 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.
F7 These stock appreciation rights were previously reported as covering 12,674 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F8 These stock appreciation rights were previously reported as covering 10,692 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F9 These stock appreciation rights were previously reported as covering 7,912 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F10 These stock appreciation rights were previously reported as covering 9,434 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F11 These stock appreciation rights were previously reported as covering 14,374 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F12 These stock appreciation rights were previously reported as covering 8,681 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.