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

Role
Director
Signature
Jaileah X. Huddleston, Attorney in Fact for Jan E. Singer
Stock symbol
BFA
Transactions as of
Jul 28, 2022
Transactions value $
$0
Form type
4
Date filed
8/1/2022, 05:48 PM
Previous filing
Jun 22, 2022
Next filing
Sep 20, 2022

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 +3.05K $0.00 3.05K Jul 28, 2022 Class A Common 3.05K 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.