Jeremy J. Shepherd - 01 Jun 2023 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Signature
Jaileah X. Huddleston, Attorney in Fact for Jeremy J. Shepherd
Issuer symbol
BF-A
Transactions as of
01 Jun 2023
Net transactions value
-$1,497
Form type
4
Filing time
05 Jun 2023, 19:57:21 UTC
Previous filing
29 Mar 2023
Next filing
31 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class B Common Award $0 +74 +2.7% $0.000000 2,796 01 Jun 2023 Direct F1
transaction BFA Class B Common Tax liability $1,497 -23 -0.82% $65.09 2,773 01 Jun 2023 Direct F2, F3
* 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, 2023, in connection with a July 30, 2020, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2023.
F2 To satisfy withholding obligations associated with the July 30, 2020, award of performance-based restricted stock units that were issued as shares on June 1, 2023, the reporting person surrendered 23 shares of Class B common stock.
F3 The closing price of BF-B on April 28, 2023, was used to calculate the withholding obligation.