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 Campbell P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-01	Class B Common	A	330	—	Acquired	570335	Direct
2022-06-01	Class B Common	F	122	$67.44	Disposed	570213	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	0	Indirect
Class B Common	0	Indirect
Class B Common	916987	Indirect
Class B Common	45	Indirect
Class B Common	45	Indirect
Class B Common	264777	Indirect
Class B Common	60543	Indirect
Class B Common	88166	Indirect
Class B Common	299326	Indirect
Class B Common	88166	Indirect
Class B Common	220090	Indirect
Class B Common	30285	Indirect
Class B Common	35625	Indirect
Class B Common	191850	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$35.603	2024-04-30	Class B Common (2874.0)	2874	Direct
Stock Appreciation Right	$37.942	2026-04-30	Class B Common (7366.0)	7366	Direct
Stock Appreciation Right	$39.2	2027-04-30	Class B Common (9320.0)	9320	Direct
Stock Appreciation Right	$53.244	2028-04-30	Class B Common (5784.0)	5784	Direct
Stock Appreciation Right	$53.875	2029-04-30	Class B Common (5920.0)	5920	Direct
Stock Appreciation Right	$68.241	2030-04-30	Class B Common (9021.0)	9021	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: Total adjusted to reflect transfer of 12,883 shares previously held in the issuer's employee stock purchase plan and 22,997 shares previously held in the issuer's 401(k) plan.

F3: 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 122 shares of Class B common stock.

F4: The closing price of BF-B on April 29, 2022, was used to calculate the withholding obligation.

F5: Total adjusted to reflect updated balance and subsequent transfer of 12,883 shares previously held in the issuer's employee stock purchase plan to direct holdings.

F6: Total adjusted to reflect updated balance and subsequent transfer of 22,997 shares previously held in the issuer's 401(k) plan to direct holdings.

F7: Holding was inadvertently omitted from previous form filed on June 3, 2021.

F8: These stock appreciation rights were previously reported as covering 2,833 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.

F9: These stock appreciation rights were previously reported as covering 7,262 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.

F10: These stock appreciation rights were previously reported as covering 9,189 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.

F11: These stock appreciation rights were previously reported as covering 5,703 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.

F12: These stock appreciation rights were previously reported as covering 5,837 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.

F13: These stock appreciation rights were previously reported as covering 8,894 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.