Brown George Garvin IV 4
4 · BROWN FORMAN CORP · Filed Jul 31, 2017
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
Brown George Garvin IV
Director
Transactions
- Award
Deferred Stock Units
2017-07-27+5,979.717→ 18,510.779 total→ Class A Common (5,979.717 underlying)
Footnotes (2)
- [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 common stock. Grants made on July 27, 2017, were based on the closing price of the Company's Class A common stock on that date ($52.26). 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.