BOUSQUET CHAVANNE PATRICK 4
4 · BROWN FORMAN CORP · Filed Jul 29, 2019
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
BOUSQUET CHAVANNE PATRICK
Director
Transactions
- Award
Deferred Stock Units
2019-07-25+2,530.934→ 23,518.99 total→ Class A Common (2,530.934 underlying) - Award
Deferred Stock Units
2019-07-25+0→ 18,262.27 total→ Class B Common (0 underlying)
Footnotes (4)
- [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 25, 2019, were based on the closing price of the Company's Class A common stock on that date ($53.34). 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]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.
- [F4]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.