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
* 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.

Remarks:

Includes Exhibit 24 - Power of Attorney