Whiting Lawson E 4
4 · BROWN FORMAN CORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Brown-Forman CEO Whiting Lawson Sells 25,915 Shares
What Happened
Whiting Lawson E (President & CEO, Director) sold 25,915 shares of Brown‑Forman on February 12, 2026 in open-market transactions. The weighted-average sale price was $31.01, with individual trades ranging from $31.00 to $31.04, for total proceeds of approximately $803,624. This was a sale (not a purchase), and these transactions were executed under a pre-established trading plan.
Key Details
- Transaction date: February 12, 2026. Filing date: February 13, 2026 (filed the next day; appears timely).
- Shares sold: 25,915; reported weighted-average price: $31.01; price range: $31.00–$31.04. Total proceeds ≈ $803,624. (Footnote F1: price is a weighted average across multiple trades.)
- Plan/authorization: Sales effected pursuant to a Rule 10b5-1 trading plan adopted March 31, 2025 (Footnote F2).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Other footnote: F3 references shares acquired through the issuer’s dividend reinvestment plan as of Feb 12, 2026.
- No indication in the filing excerpt of tax-withholding or gift-related codes.
Context
Trades executed under a Rule 10b5-1 plan are pre-arranged and typically scheduled in advance, so they often reflect a planned disposition rather than a change in the insider’s view of the company. Sales are routine insider activity and, by themselves, do not necessarily indicate negative insider sentiment.
Insider Transaction Report
- Sale
Class A Common
[F1][F2]2026-02-12$31.01/sh−25,915$803,624→ 7,018 total
- 3.11(indirect: DRIP)
Class A Common
[F3]
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.04 inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1).
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person, dated March 31, 2025.
- [F3]Number of shares acquired through the issuer's dividend reinvestment plan as of February 12, 2026.