Pafilis Yiannis 4

What Happened

• Pafilis Yiannis, Executive Vice President and President, Europe/Africa/Asia of Brown‑Forman Corp (BFA/BFB), was granted 7,727 restricted stock units (RSUs) on July 23, 2026. The RSUs were recorded at a $0 acquisition price (common for compensation grants) and are reported as derivative awards rather than an open‑market purchase. The filing does not state a cash value or the insider’s total post‑grant holdings.

Key Details

• Transaction type: Award/Grant (derivative RSUs)
• Date: 2026-07-23; filing date: 2026-07-24 (timely)
• Amount: 7,727 RSUs; acquisition price: $0.00 (per filing)
• Vesting: RSUs vest in equal installments on April 30, 2027; April 30, 2028; and April 30, 2029 (footnote)
• Conversion: Each RSU represents a contingent right to one share of Brown‑Forman Class B common stock (footnote)
• Shares owned after transaction: Not disclosed in the provided filing details
• No 10b5-1, tax‑withholding, sale, or late‑filing flags noted in the provided information

Context

• RSU grants are a form of compensation and typically vest over time; they do not indicate an immediate purchase or sale of stock. Because the award vests in installments, the insider does not receive all shares immediately. For retail investors, grants signal company compensation policy rather than an immediate market sentiment change.