Farrer Marshall 4
4 · BROWN FORMAN CORP · Filed Jul 25, 2025
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
Farrer Marshall
DirectorEVP Chief Strat/Pres Europe
Transactions
- Award
Deferred Stock Units
2025-07-24+5,014.558→ 5,014.558 total→ Class A Common (5,014.558 underlying) - Award
Stock Appreciation Right
2025-07-24+33,513→ 33,513 totalExercise: $31.15From: 2028-05-01Exp: 2035-04-30→ Class B Common (33,513 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 24, 2025, were based on the closing price of the Company's Class A common stock on that date ($30.91). 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.