Brown‑Forman (BFA/BFB) Director Marshall Farrer Receives Award

What Happened

• Marshall Farrer, a director of Brown‑Forman Corporation, was granted 6,476.191 deferred stock units (DSUs) on July 23, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 cash price; using the Class A closing price that day ($26.25) the grant is roughly $170,000 in value. This is a director compensation award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-07-23; filing date: 2026-07-24 (timely filing).
• Reported transaction type: A = Award/Grant (derivative); reported price: $0.00 (no cash paid).
• Grant size: 6,476.191 DSUs; valuation used in footnote: $26.25 closing price → ~ $170,000.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — each DSU equals the right to one Class A share; grant amount reflects closing price and has been updated for dividend-equivalent credits. F2 — DSUs vest over the board year and are paid in Class A shares on the first Feb 1 at least six months after the director leaves Board service.

Context

• DSUs are deferred compensation (a derivative right to receive shares later), so this grant does not immediately increase voting shares outstanding or indicate an immediate market purchase. Such grants are routine director compensation and should be interpreted as remuneration, not a direct buy/sell signal.