Peterson Crystal L 4

What Happened
Crystal L. Peterson, an EVP and Chief Inclusive/Global Communications officer at Brown‑Forman, was issued 1,367 shares on May 27, 2026 in connection with a July 27, 2023 performance‑based restricted stock unit (RSU) award (three‑year performance period ended April 30, 2026). To satisfy tax withholding on the issued shares, she surrendered 616 Class A shares at the closing price used for withholding ($26.72), representing a withholding value of $16,460. The RSU issuance itself is reported as an award (code A); the share surrender for tax withholding is reported as code F.

Key Details

• Transaction date: May 27, 2026 (award issued and withholding occurred)
• Award: 1,367 shares issued under a July 27, 2023 performance RSU grant (performance period ended April 30, 2026)
• Withholding: 616 shares surrendered to satisfy tax obligations at $26.72/share = $16,460 (reported as disposed)
• Filing: Report filed May 29, 2026 covering the May 27 transaction — appears timely (filed within normal 2‑business‑day window)
• Shares owned after transaction: Not specified in the provided filing
• Footnotes: F1–F3 explain the RSU grant date and performance period, that 616 shares were surrendered to cover withholding, and that the May 27, 2026 closing price ($26.72) was used to calculate withholding

Context
This was an employee equity award (vesting/issuance of performance RSUs) combined with a routine tax‑withholding surrender of shares. The award issuance (A) is not a cash purchase or open‑market sale; the 616‑share disposition (F) reflects tax withholding rather than an opportunistic sale, and so should be viewed as administrative rather than a direct signal of insider sentiment.