Jan Singer - 28 Jul 2022 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Role
Director
Signature
Jaileah X. Huddleston, Attorney in Fact for Jan E. Singer
Issuer symbol
BF-A
Transactions as of
28 Jul 2022
Net transactions value
$0
Form type
4
Filing time
01 Aug 2022, 17:48:28 UTC
Previous filing
22 Jun 2022
Next filing
20 Sep 2022
SEC
View on sec.gov

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
transaction BFA Deferred Stock Units Award $0 +3,047 $0.000000 3,047 28 Jul 2022 Class A Common 3,047 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A stock. Grants made on July 28, 2022, were based on the closing price of the Company's Class A common stock on that date ($72.10). On each dividend payment date, participants are credited with DSU equivalents.
F2 Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service.