J. Michael Nauman - 08 Nov 2021 Form 4 Insider Report for BRADY CORP (BRC)

Role
President & CEO, Director
Signature
Heidi Knueppel, Attorney-In-Fact
Issuer symbol
BRC
Transactions as of
08 Nov 2021
Net transactions value
-$1,680,851
Form type
4
Filing time
10 Nov 2021, 16:26:04 UTC
Previous filing
04 Oct 2021
Next filing
23 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRC Class A Common Stock Options Exercise $1,996,000 +100,000 +135% $19.96 174,295 08 Nov 2021 Direct F1
transaction BRC Class A Common Stock Tax liability $3,676,851 -65,988 -38% $55.72 108,307 08 Nov 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 -100,000 -100% $0.000000* 0 08 Nov 2021 Class A Common Stock 100,000 $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.