Kirsten M. Hawley - Jun 1, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP, Chief Ppl/Places Officer
Signature
Jaileah X. Huddleston, Attorney in Fact for Kirsten M. Hawley
Stock symbol
BFA
Transactions as of
Jun 1, 2022
Transactions value $
-$39,699
Form type
4
Date filed
6/3/2022, 07:30 PM
Previous filing
Jul 26, 2021
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BFA Class A Common Award $0 +2.02 K +24.79% $0.00 10.2 K Jun 1, 2022 Direct F1
transaction BFA Class A Common Tax liability -$39.7 K -636 -6.26% $62.42 9.53 K Jun 1, 2022 Direct F2, F3
holding BFA Class A Common 1.65 K Jun 1, 2022 DRIP F4

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
holding BFA Stock Appreciation Right 18 K Jun 1, 2022 Class B Common 18 K $37.94 Direct F5
holding BFA Stock Appreciation Right 10.8 K Jun 1, 2022 Class B Common 10.8 K $53.24 Direct F6
holding BFA Stock Appreciation Right 11.8 K Jun 1, 2022 Class B Common 11.8 K $53.88 Direct F7
holding BFA Stock Appreciation Right 8.97 K Jun 1, 2022 Class B Common 8.97 K $68.24 Direct F8
holding BFA Stock Appreciation Right 11.2 K Jun 1, 2022 Class B Common 11.2 K $70.24 Direct F9

Explanation of Responses:

Id Content
F1 These shares were issued on June 1, 2022, in connection with a July 25, 2019, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2022.
F2 To satisfy withholding obligations associated with the July 25, 2019, award of performance-based restricted stock units that were issued as shares on June 1, 2022, the reporting person surrendered 636 shares of Class A common stock.
F3 The closing price of BF-A on April 29, 2022, was used to calculate the withholding obligation.
F4 Number of shares acquired through the issuer's dividend reinvestment plan as of June 1, 2022.
F5 These stock appreciation rights were previously reported as covering 17,788 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F6 These stock appreciation rights were previously reported as covering 10,624 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 11,613 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 8,847 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 10,997 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.