Peterson Crystal L reported acquisition or exercise transactions in this Form 4 filing.
BROWN FORMAN CORP executive Crystal L. Peterson, EVP, Chief Incl/Global Comm, received a grant of 3,285 Restricted Stock Units tied to Class B common stock on July 23, 2026. The RSUs vest in equal installments on April 30 of 2027, 2028, and 2029, with 3,285 RSUs reported as directly owned after the grant.
Carr Michael E Jr reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corporation reported that executive officer Michael E. Carr Jr., EVP, General Counsel and Secretary, received a grant of 11,458 Restricted Stock Units. Each unit represents a contingent right to receive one share of Class B common stock. The RSUs were granted on July 23, 2026 and will vest in three equal installments on April 30, 2027, April 30, 2028, and April 30, 2029.
Shepherd Jeremy J reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman executive Jeremy J. Shepherd, EVP and Chief Marketing Officer, received a grant of 9,231 restricted stock units tied to Class B common stock on July 23, 2026. Each unit represents one share and will vest in three equal installments on April 30 of 2027, 2028, and 2029.
Graven Christina M reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corp executive Christina M. Graven, EVP and Chief Strategy Officer, received a grant of 8,912 Restricted Stock Units. Each unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
The RSUs were granted on July 23, 2026 and will vest in three equal installments on April 30, 2027, April 30, 2028, and April 30, 2029. Following this grant, Graven holds 8,912 RSUs directly.
Nguyen Diane F reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corp reported a grant of 9,167 restricted stock units to EVP, Chief People & Communications Officer Diane F. Nguyen. Each unit represents one share of Class B common stock and will vest in three equal installments on April 30, 2027, April 30, 2028, and April 30, 2029.
Brown-Forman Corporation reported voting results from its July 23, 2026 annual meeting of stockholders. Class A stockholders elected the full slate of director nominees, approved on a non-binding advisory basis the compensation of named executive officers, and ratified Ernst & Young LLP as independent registered public accounting firm for fiscal 2027.
The board also approved a regular quarterly cash dividend of $0.2310 per share on Class A and Class B common stock, payable October 1, 2026 to stockholders of record on September 3, 2026. Brown-Forman highlighted its 82-year record of regular quarterly dividends and 42 consecutive years of dividend increases, and described an ongoing CEO succession process with Lawson Whiting remaining available in an advisory capacity after a successor is appointed.
Brown-Forman Corporation reported that President and Chief Executive Officer Lawson Whiting has decided to retire after nearly 30 years with the company. His retirement will become effective upon the appointment of a successor, and he will remain available in an advisory capacity for a period of time to support a smooth transition.
The Board of Directors has begun a CEO search pursuant to its succession process, considering both internal and external candidates, led by the Corporate Governance and Nominating Committee chaired by Tracy Skeans. Wolf Pen Branch, which represents a controlling interest, expressed confidence in the company’s competitive position and in the Board’s process to identify the next CEO. The company also reiterated its previously disclosed fiscal 2027 outlook.
Brown-Forman Corp notified the New York Stock Exchange that the 1.200% Notes due 2026 have been removed from listing and/or registration under Section 12(b) of the Exchange Act. The Exchange and the issuer each certified compliance with the applicable withdrawal procedures under 17 CFR 240.12d2-2.
Brown-Forman Corporation has issued its 2026 proxy statement and notice of annual meeting. Stockholders of Class A common stock as of June 9, 2026 may vote at the in-person meeting on July 23, 2026 at Churchill Downs in Louisville, Kentucky.
Holders are asked to elect eleven directors, approve on an advisory basis the compensation of named executive officers, and ratify Ernst & Young LLP as independent auditor for fiscal 2027. The Board recommends voting FOR all three proposals.
Brown-Forman describes its controlled-company structure, with the Brown family holding a majority of Class A voting stock and four Brown family directors, alongside six independent directors and one management director. Governance features include a lead independent director, fully independent audit and compensation committees, and annual Board and committee self-assessments.
The company emphasizes pay-for-performance, using short- and long-term incentive plans tied to metrics such as organic net sales, organic operating income, and total shareholder return. In fiscal 2026, reported net sales decreased 1% and reported operating income decreased 10%, while Brown-Forman returned $427 million in dividends and repurchased $400 million of Class A and Class B shares.