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: Hawley Kirsten M (SVP, Chief Ppl/Places Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-01	Class A Common	A	2019	—	Acquired	10162	Direct
2022-06-01	Class A Common	F	636	$62.42	Disposed	9526	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	1650.3302	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$37.942	2026-04-30	Class B Common (18041.0)	18041	Direct
Stock Appreciation Right	$53.244	2028-04-30	Class B Common (10775.0)	10775	Direct
Stock Appreciation Right	$53.875	2029-04-30	Class B Common (11778.0)	11778	Direct
Stock Appreciation Right	$68.241	2030-04-30	Class B Common (8973.0)	8973	Direct
Stock Appreciation Right	$70.242	2031-04-30	Class B Common (11154.0)	11154	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 636 shares of Class A common stock.

F3: The closing price of BF-A 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: These stock appreciation rights were previously reported as covering 17,788 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.

F6: These stock appreciation rights were previously reported as covering 10,624 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.

F7: These stock appreciation rights were previously reported as covering 11,613 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.

F8: These stock appreciation rights were previously reported as covering 8,847 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.

F9: These stock appreciation rights were previously reported as covering 10,997 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.