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

Role: SVP, Chief Accounting Officer
Signature: Jaileah X. Huddleston, Attorney in Fact for Kelli Nelson Brown
Issuer symbol: BF-A
Transactions as of: 01 Jun 2022
Net transactions value: -$7,284
Form type: 4
Filing time: 03 Jun 2022, 19:35:12 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	+299	+23%	$0.000000	1,627	01 Jun 2022	Direct	F1
transaction	BFA	Class B Common	Tax liability	$7,284	-108	-6.6%	$67.44	1,519	01 Jun 2022	Direct	F2, F3
holding	BFA	Class B Common						8	01 Jun 2022	DRIP	F4
holding	BFA	Class B Common						853	01 Jun 2022	ESPP	F5

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						665	01 Jun 2022	Class B Common	665	$39.58	Direct	F6
holding	BFA	Stock Appreciation Right						2,055	01 Jun 2022	Class B Common	2,055	$70.24	Direct	F7

* 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 108 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	Number of shares acquired through the issuer's dividend reinvestment plan as of June 1, 2022.
F5	Number of shares acquired through the issuer's employee stock purchase program as of June 1, 2022.
F6	These stock appreciation rights were previously reported as covering 655 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.
F7	These stock appreciation rights were previously reported as covering 2,026 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.