Brown Elizabeth M 4
4 · BROWN FORMAN CORP · Filed Jul 29, 2024
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
Brown Elizabeth M
Director
Transactions
- Award
Deferred Stock Units
2024-07-25+5,109.807→ 5,109.807 total→ Class A Common (5,109.807 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 stock. Grants made on July 25, 2024, were based on the closing price of the Company's Class A common stock on that date ($45.99). On each dividend payment date, participants are credited with DSU equivalents.
- [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.