J. Michael Nauman - Nov 8, 2021 Form 4 Insider Report for BRADY CORP (BRC)

Role
President & CEO, Director
Signature
Heidi Knueppel, Attorney-In-Fact
Stock symbol
BRC
Transactions as of
Nov 8, 2021
Transactions value $
-$1,680,851
Form type
4
Date filed
11/10/2021, 04:26 PM
Previous filing
Oct 4, 2021
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRC Class A Common Stock Options Exercise $2M +100K +134.6% $19.96 174K Nov 8, 2021 Direct F1
transaction BRC Class A Common Stock Tax liability -$3.68M -66K -37.86% $55.72 108K Nov 8, 2021 Direct F1

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 BRC Stock Option Options Exercise $0 -100K -100% $0.00* 0 Nov 8, 2021 Class A Common Stock 100K $19.96 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents net exercise of stock option. 100,000 options were exercised, resulting in a net gain of 34,012 shares (64,175 gross shares less payroll tax withholding of 30,163 shares).
F2 Represents options exercisable one third each year for the three years subsequent to the grant date.