Brown‑Forman (BFA/BFB) Director Brown Campbell Receives DSU Award

What Happened

• Brown Campbell P, a Brown‑Forman director, was granted 6,476.191 deferred stock units (DSUs) on July 23, 2026. The DSUs were granted at $0.00 (i.e., no cash paid) and are derivative awards. Using the reported closing price of $26.25 on the grant date, the grant is roughly equivalent to $170,000 in Class A common stock value.
• This is a routine director compensation grant (award), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-23; Filing date: 2026-07-24 (timely filing).
• Transaction code: A (award/grant); shares/units granted: 6,476.191; acquisition price reported: $0.00.
• Valuation: Footnote states grants were based on the July 23 closing price of $26.25, implying ≈$170,000 aggregate value.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Each DSU equals the right to receive one share of Class A stock; DSU totals include dividend-equivalent credits.
  • F2: DSUs vest over the Board year and are paid in Class A shares on the first February 1 at least six months after the director leaves Board service.
• Derivative nature: This is a deferred equity award (derivative security), not an immediate transfer of underlying shares.

Context

• DSU grants are standard non-employee director compensation and do not necessarily indicate insider buying or selling intent.
• The award will convert into actual shares only upon payout (per the plan rules and vesting/termination timing), so there is no immediate change in tradable shares held.