Brown George Garvin IV 4
4 · BROWN FORMAN CORP · Filed Jul 30, 2018
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
Brown George Garvin IV
Director
Transactions
- Award
Deferred Stock Units
2018-07-26+5,765.683→ 24,860.158 total→ Class A Common (5,765.683 underlying)
Holdings
- 4,770.34
Deferred Stock Units
→ Class B Common (4,770.34 underlying)
Footnotes (6)
- [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 26, 2018, were based on the closing price of the Company's Class A common stock on that date ($54.20). 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.
- [F3]On February 28, 2018, the issuer completed a stock split resulting in the distribution of one share of Class B common stock for every four shares of either Class A or Class B common stock held. On April 23, 2018, the issuer paid a special cash dividend. Total has been updated to reflect the special dividend.
- [F4]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 B common stock. On each dividend payment date, participants are credited with DSU equivalents, and the DSU totals on this form have been updated to reflect such credits.
- [F5]Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class B common stock on the first February 1 that is at least six months following the director's termination from Board service.
- [F6]Updated to reflect the stock split and special dividend.