TODMAN MICHAEL 4

4 · BROWN FORMAN CORP · Filed Jul 24, 2026

AI-generated summary of this filing

Updated Jul 24, 2026

Brown‑Forman Director Michael Todman Receives 6,476 DSUs

What Happened

Michael Todman, a director of Brown‑Forman Corporation, was granted 6,476.191 deferred stock units (DSUs) on July 23, 2026. The DSUs were granted as an award (transaction code A) at $0.00 cash cost; the grant value based on the July 23 closing price ($26.25) is approximately $170,000. This is a routine director compensation grant (not an open‑market purchase or sale).

Key Details

Transaction date and type: 2026-07-23 — Grant/Award (A), derivative DSUs acquired at $0.00.
Grant value: 6,476.191 DSUs × $26.25 closing price ≈ $170,000.
Shares owned after transaction: Not disclosed in the filing provided.
Footnotes: F1—Each DSU equals the right to one Class A share; DSU totals reflect dividend equivalents credited on dividend dates. F2—DSUs vest over the Board year and are paid in Class A common stock on the first Feb 1 at least six months after a director’s board service ends.
Filing timeliness: Report filed 2026‑07‑24 for a 2026‑07‑23 grant — appears timely (not flagged late).

Context

DSUs are a form of deferred equity compensation for non‑employee directors and represent a future right to receive shares; they are derivative awards (not immediate share ownership). Such grants are routine compensation and don’t necessarily signal a director buying or selling stock.

Form 4

Period: 2026-07-23

Director

Transactions

Award
Deferred Stock Units
[F1][F2]
2026-07-23+6,476.191→ 42,555.311 total
→ Class A Common (6,476.191 underlying)

Footnotes (2)

[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 23, 2026, were based on the closing price of the Company's Class A common stock on that date ($26.25). 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.

Signature

Karleen M. Finnegan, Attorney in Fact for Michael A. Todman|2026-07-24

1 file