BROWN FORMAN CORP — Director's Dealing 2022

Jun 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2022-06-01

Reporting Person: Brown Kelli (SVP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-01	Class B Common	A	299	—	Acquired	1627	Direct
2022-06-01	Class B Common	F	108	$67.44	Disposed	1519	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	8.1852	Indirect
Class B Common	853.3998	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$39.582	2025-04-30	Class B Common (665.0)	665	Direct
Stock Appreciation Right	$70.242	2031-04-30	Class B Common (2055.0)	2055	Direct

Footnotes

F1: These shares were issued on June 1, 2022, in connection with a July 25, 2019, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2022.

F2: To satisfy withholding obligations associated with the July 25, 2019, award of performance-based restricted stock units that were issued as shares on June 1, 2022, the reporting person surrendered 108 shares of Class B common stock.

F3: The closing price of BF-B on April 29, 2022, was used to calculate the withholding obligation.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of June 1, 2022.

F5: Number of shares acquired through the issuer's employee stock purchase program as of June 1, 2022.

F6: These stock appreciation rights were previously reported as covering 655 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.

F7: These stock appreciation rights were previously reported as covering 2,026 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.