Nguyen Diane F 4

What Happened

• Diane F. Nguyen, Executive Vice President & Chief People & Communications Officer of Brown‑Forman (BFA/BFB), received a grant of 9,167 restricted stock units (RSUs) on July 23, 2026. The units were recorded as an award/acquisition (code A) at a $0.00 purchase price (i.e., no cash paid). These are derivative awards that convert to common shares if and when they vest.

Key Details

• Transaction date: 2026-07-23 (Form 4 filed 2026-07-24; filing appears timely).
• Transaction type/code: Award/Grant (A); derivative security (restricted stock units).
• Amount: 9,167 RSUs; acquisition price reported as $0.00.
• Footnotes: Each RSU represents a contingent right to one share of Brown‑Forman Class B common stock (F1). The RSUs vest in equal installments on April 30, 2027; April 30, 2028; and April 30, 2029 (F2).
• Shares owned after transaction: Not specified in the provided filing.

Context

• RSU grants are compensation awards, not open‑market purchases or sales. They do not represent an immediate sale or cash investment by the insider; shares are delivered only if vesting conditions are met. Such grants are common for executive pay and should be interpreted as compensation rather than a direct insider buy/sell signal.