Thomas Hinrichs - Jun 1, 2023 Form 4 Insider Report for BROWN FORMAN CORP (BFA)

Role
EVP/Pres., Emerging Intl
Signature
Jaileah X. Huddleston, Attorney in Fact for Thomas Hinrichs
Stock symbol
BFA
Transactions as of
Jun 1, 2023
Transactions value $
-$33,401
Form type
4
Date filed
6/5/2023, 08:18 PM
Previous filing
May 2, 2023
Next filing
Jul 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class A Common Award $0 +1.07K +22.08% $0.00 5.89K Jun 1, 2023 Direct F1
transaction BFA Class A Common Tax liability -$33.4K -507 -8.6% $65.88 5.39K Jun 1, 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 507 shares of Class A common stock.
F3 The closing price of BF-A on April 28, 2023, was used to calculate the withholding obligation.