Masick Michael Andrew 4

What Happened
Michael Masick, Executive Vice President and President, Americas of Brown‑Forman Corporation, was granted 15,278 restricted stock units (RSUs) on July 23, 2026. The award is recorded as a derivative grant at $0.00 per unit; each RSU represents a contingent right to receive one share of Brown‑Forman Class B common stock upon vesting. This was a compensation award (not a purchase or sale) and does not represent immediately marketable shares.

Key Details

• Transaction date: July 23, 2026; filing date: July 24, 2026 (filed next day).
• Transaction type/code: Award/Grant (A); 15,278 RSUs granted at $0.00 per unit (derivative).
• Vesting: RSUs vest in equal installments on April 30, 2027; April 30, 2028; and April 30, 2029 (footnote).
• Footnote: Each RSU converts to one share of Class B common stock upon vesting.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing appears timely (reported one day after grant).

Context
RSU grants are common executive compensation and typically reflect retention or incentive arrangements rather than a direct buy/sell signal. RSUs only convert into actual shares when they vest; at that point they can dilute outstanding share count and may be subject to tax withholding. For retail investors, such awards are informative about compensation structure but are less indicative of the insider's short‑term market view than open‑market purchases or sales.