Matias Bentel - 01 Jun 2022 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Role: SVP, Chief Brands Officer
Signature: Jaileah X. Huddleston, Attorney in Fact for Matias Bentel
Issuer symbol: BF-A
Transactions as of: 01 Jun 2022
Net transactions value: -$17,400
Form type: 4
Filing time: 03 Jun 2022, 19:31:28 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 B Common	Award	$0	+823	+32%	$0.000000	3,400	01 Jun 2022	Direct	F1
transaction	BFA	Class B Common	Tax liability	$17,400	-258	-7.6%	$67.44	3,142	01 Jun 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						1,409	01 Jun 2022	Class B Common	1,409	$39.20	Direct	F4
holding	BFA	Stock Appreciation Right						3,495	01 Jun 2022	Class B Common	3,495	$53.24	Direct	F5
holding	BFA	Stock Appreciation Right						4,935	01 Jun 2022	Class B Common	4,935	$53.88	Direct	F6
holding	BFA	Stock Appreciation Right						9,546	01 Jun 2022	Class B Common	9,546	$68.24	Direct	F7
holding	BFA	Stock Appreciation Right						11,530	01 Jun 2022	Class B Common	11,530	$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.