Jeremy J. Shepherd - Mar 28, 2023 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
EVP, Pres, USA & Canada
Signature
Jaileah X. Huddleston, Attorney in Fact for Jeremy J. Shepherd
Stock symbol
BFA
Transactions as of
Mar 28, 2023
Transactions value $
-$58,998
Form type
4
Date filed
3/29/2023, 07:19 PM
Previous filing
Aug 1, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Options Exercise $47.2 K +1.68 K +61.83% $28.03 4.41 K Mar 28, 2023 Direct
transaction BFA Class B Common Tax liability -$76.3 K -1.21 K -27.47% $63.06 3.2 K Mar 28, 2023 Direct F1
transaction BFA Class B Common Sale -$29.9 K -473 -14.8% $63.16 2.72 K Mar 28, 2023 Direct F2

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 Stock Appreciation Right Options Exercise $0 -1.68 K -100% $0.00 0 Mar 28, 2023 Class B Common 1.68 K $28.03 Direct

Explanation of Responses:

Id Content
F1 The closing price of BF-B on March 27, 2023, was used to calculate the withholding obligation.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.1604 to $63.18, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.