Brown‑Forman EVP Diane Nguyen Receives Award, Surrenders 597 Shares

What Happened Diane F. Nguyen, Executive Vice President & Chief People & Communications Officer at Brown‑Forman, was issued 1,346 shares on May 27, 2026 pursuant to a performance‑based restricted stock unit (RSU) award (code A). To satisfy tax withholding on the issued shares, she surrendered 597 Class B shares on the same date (code F), valued at $25.94 each for a withholding amount of $15,486. The RSU award originally granted July 27, 2023 had a three‑year performance period that ended April 30, 2026.

Key Details

• Transaction dates: May 27, 2026 (shares issued and 597 shares surrendered).
• Grant: 1,346 shares acquired at $0.00 (award issuance).
• Withholding: 597 shares disposed at $25.94 each; total value surrendered ≈ $15,486.
• Footnotes: Shares issued from a July 27, 2023 performance‑based RSU award (performance period ended 4/30/2026). Withholding calculated using the May 27, 2026 closing price (BF‑B).
• Filing info: Form 4 filed May 29, 2026 reporting the May 27 transaction — appears timely (filed within the standard two business days).
• Shares owned after transaction: Not specified in the filing.

Context This was not a market sale or option exercise in the traditional sense but the routine issuance of RSU shares and a share surrender to cover required tax withholding (common when awards vest). Such withholding transactions are administrative and do not necessarily indicate any change in the insider’s view of the company.