Kirsten M. Hawley - 01 Jun 2022 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Role: SVP, Chief Ppl/Places Officer
Signature: Jaileah X. Huddleston, Attorney in Fact for Kirsten M. Hawley
Issuer symbol: BF-A
Transactions as of: 01 Jun 2022
Net transactions value: -$39,699
Form type: 4
Filing time: 03 Jun 2022, 19:30:22 UTC
Previous filing: 26 Jul 2021
Next filing: 01 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFA	Class A Common	Award	$0	+2,019	+25%	$0.000000	10,162	01 Jun 2022	Direct	F1
transaction	BFA	Class A Common	Tax liability	$39,699	-636	-6.3%	$62.42	9,526	01 Jun 2022	Direct	F2, F3
holding	BFA	Class A Common						1,650	01 Jun 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						18,041	01 Jun 2022	Class B Common	18,041	$37.94	Direct	F5
holding	BFA	Stock Appreciation Right						10,775	01 Jun 2022	Class B Common	10,775	$53.24	Direct	F6
holding	BFA	Stock Appreciation Right						11,778	01 Jun 2022	Class B Common	11,778	$53.88	Direct	F7
holding	BFA	Stock Appreciation Right						8,973	01 Jun 2022	Class B Common	8,973	$68.24	Direct	F8
holding	BFA	Stock Appreciation Right						11,154	01 Jun 2022	Class B Common	11,154	$70.24	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.