Elizabeth A. Smith - Jul 25, 2024 Form 4 Insider Report for BROWN FORMAN CORP (BF-B)

Role: Director
Signature: Nancie Oliver Mauffray, Attorney in Fact for Elizabeth A. Smith
Stock symbol: BF-B
Transactions as of: Jul 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/29/2024, 04:09 PM
Previous filing: Jul 2, 2024
Next filing: Sep 30, 2024

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	BF-B	Deferred Stock Units	Award	$0	+5.11K	+103.38%	$0.00	10.1K	Jul 25, 2024	Class A Common	5.11K		Direct	F1, F2

Showing 1 to 1 of 1 entries

* 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 25, 2024, were based on the closing price of the Company's Class A common stock on that date ($45.99). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
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.

Content

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 25, 2024, were based on the closing price of the Company's Class A common stock on that date ($45.99). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.

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.

Remarks:

Includes Exhibit 24 - Power of Attorney