Matthew E. Hamel - 29 Apr 2022 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Role
EVP and General Counsel
Signature
Jaileah X. Huddleston, Attorney in Fact for Matthew E. Hamel
Issuer symbol
BF-A
Transactions as of
29 Apr 2022
Net transactions value
-$253,140
Form type
4
Filing time
02 May 2022, 20:52:13 UTC
Previous filing
01 Feb 2022
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 $325,726 +14,334 +120% $22.72 26,241 29 Apr 2022 Direct
transaction BFA Class B Common Tax liability $578,866 -8,426 -32% $68.70 17,815 29 Apr 2022 Direct F1, F2
holding BFA Class B Common 25,812 29 Apr 2022 2021 GRAT
holding BFA Class B Common 19,120 29 Apr 2022 By 401k F3
holding BFA Class B Common 14 29 Apr 2022 DRIP F4
holding BFA Class B Common 4,143 29 Apr 2022 ESPP F5
holding BFA Class B Common 41,617 29 Apr 2022 GRAT
holding BFA Class B Common 70,272 29 Apr 2022 Spouse 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 -14,334 -100% $0.000000* 0 29 Apr 2022 Class B Common 14,334 $22.72 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 April 28, 2022, was used to calculate the withholding obligation.
F2 On the Form 4 dated February 1, 2022, an exercise of 14,133 shares and a withholding of 9,133 shares was reported. Due to a typographical error, an exercise of 14,333 shares and a withholding of 9,333 shares should have been reported. The net acquisition of 5,000 shares was correct and the total shares held following the earlier exercise remains correct.
F3 Number of shares acquired through the issuer's 401(k) plan as of April 29, 2022.
F4 Number of shares acquired through the issuer's dividend reinvestment plan as of April 29, 2022.
F5 Number of shares acquired through the issuer's employee stock purchase program as of April 29, 2022.