Matias Bentel - Jun 1, 2022 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
SVP, Chief Brands Officer
Signature
Jaileah X. Huddleston, Attorney in Fact for Matias Bentel
Stock symbol
BFA
Transactions as of
Jun 1, 2022
Transactions value $
-$17,400
Form type
4
Date filed
6/3/2022, 07:31 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 B Common Award $0 +823 +31.94% $0.00 3.4K Jun 1, 2022 Direct F1
transaction BFA Class B Common Tax liability -$17.4K -258 -7.59% $67.44 3.14K Jun 1, 2022 Direct F2, F3

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 1.41K Jun 1, 2022 Class B Common 1.41K $39.20 Direct F4
holding BFA Stock Appreciation Right 3.5K Jun 1, 2022 Class B Common 3.5K $53.24 Direct F5
holding BFA Stock Appreciation Right 4.94K Jun 1, 2022 Class B Common 4.94K $53.88 Direct F6
holding BFA Stock Appreciation Right 9.55K Jun 1, 2022 Class B Common 9.55K $68.24 Direct F7
holding BFA Stock Appreciation Right 11.5K Jun 1, 2022 Class B Common 11.5K $70.24 Direct F8
* 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 258 shares of Class B common stock.
F3 The closing price of BF-B on April 29, 2022, was used to calculate the withholding obligation.
F4 These stock appreciation rights were previously reported as covering 1,389 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F5 These stock appreciation rights were previously reported as covering 3,446 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F6 These stock appreciation rights were previously reported as covering 4,865 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F7 These stock appreciation rights were previously reported as covering 9,412 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F8 These stock appreciation rights were previously reported as covering 11,368 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.