Ralph E. de Chabert - 01 Jun 2022 Form 4 Insider Report for BROWN FORMAN CORP (BF-A)

Role
SVP, Chief Diversity Officer
Signature
Jaileah X. Huddleston, Attorney in Fact for Ralph E. de Chabert
Issuer symbol
BF-A
Transactions as of
01 Jun 2022
Net transactions value
-$18,102
Form type
4
Filing time
03 Jun 2022, 19:32:25 UTC
Previous filing
26 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFA Class A Common Award $0 +937 +34% $0.000000 3,685 01 Jun 2022 Direct F1
transaction BFA Class A Common Tax liability $18,102 -290 -7.9% $62.42 3,395 01 Jun 2022 Direct F2, F3

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
holding BFA Stock Appreciation Right 1,492 01 Jun 2022 Class B Common 1,492 $28.03 Direct F4
holding BFA Stock Appreciation Right 1,725 01 Jun 2022 Class B Common 1,725 $35.60 Direct F5
holding BFA Stock Appreciation Right 7,254 01 Jun 2022 Class B Common 7,254 $39.58 Direct F6
holding BFA Stock Appreciation Right 8,309 01 Jun 2022 Class B Common 8,309 $37.94 Direct F7
holding BFA Stock Appreciation Right 7,009 01 Jun 2022 Class B Common 7,009 $39.20 Direct F8
holding BFA Stock Appreciation Right 4,349 01 Jun 2022 Class B Common 4,349 $53.24 Direct F9
holding BFA Stock Appreciation Right 5,468 01 Jun 2022 Class B Common 5,468 $53.88 Direct F10
holding BFA Stock Appreciation Right 7,498 01 Jun 2022 Class B Common 7,498 $68.24 Direct F11
holding BFA Stock Appreciation Right 5,032 01 Jun 2022 Class B Common 5,032 $70.24 Direct F12
* 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, 2022, in connection with a July 25, 2019, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2022.
F2 To satisfy withholding obligations associated with the July 25, 2019, award of performance-based restricted stock units that were issued as shares on June 1, 2022, the reporting person surrendered 290 shares of Class A common stock.
F3 The closing price of BF-A on April 29, 2022, was used to calculate the withholding obligation.
F4 These stock appreciation rights were previously reported as covering 1,471 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.
F5 These stock appreciation rights were previously reported as covering 1,700 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.
F6 These stock appreciation rights were previously reported as covering 7,152 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.
F7 These stock appreciation rights were previously reported as covering 8,192 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.
F8 These stock appreciation rights were previously reported as covering 6,910 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.
F9 These stock appreciation rights were previously reported as covering 4,288 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.
F10 These stock appreciation rights were previously reported as covering 5,391 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.
F11 These stock appreciation rights were previously reported as covering 7,393 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.
F12 These stock appreciation rights were previously reported as covering 4,961 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.