Elizabeth A. Smith - Jul 24, 2025 Form 4 Insider Report for BROWN FORMAN CORP (BFA, BFB)

Role: Director
Signature: Karleen M. Finnegan, Attorney in Fact for Elizabeth A. Smith
Stock symbol: BFA, BFB
Transactions as of: Jul 24, 2025
Transactions value $: $0
Form type: 4
Date filed: 7/25/2025, 04:40 PM
Previous filing: Jul 1, 2025
Next filing: Oct 2, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SMITH ELIZABETH A	Director	850 DIXIE HIGHWAY, LOUISVILLE	Karleen M. Finnegan, Attorney in Fact for Elizabeth A. Smith	2025-07-25	0001209033

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	BFA, BFB	Deferred Stock Units	Award	$0	+7.6K	+73.72%	$0.00	17.9K	Jul 24, 2025	Class A Common	7.6K		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 Amended and Restated 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 24, 2025, were based on the closing price of the Company's Class A common stock on that date ($30.91). 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 Amended and Restated 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 24, 2025, were based on the closing price of the Company's Class A common stock on that date ($30.91). 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.