Brown-Forman Corporation disclosed that Leanne D. Cunningham, its Executive Vice President and Chief Financial Officer, informed the company on August 21, 2025 that she intends to retire effective May 1, 2026. The company furnished a press release dated August 25, 2025 announcing the retirement and attached that release as Exhibit 99.1 to this Form 8-K. The filing clarifies that the Item 7.01 disclosure and Exhibit 99.1 are furnished, not filed, under the Exchange Act and are not incorporated by reference into other filings unless expressly stated.
Brown-Forman (BF) filed a Form 4 disclosing that EVP & CFO Leanne D. Cunningham received a stock appreciation right (SAR) covering 75,105 Class B shares on 07/24/2025. The SAR carries an exercise price of $31.15, becomes exercisable on 05/01/2028, and expires on 04/30/2035. No common shares were bought or sold; the filing records only the new derivative grant. After the award, Cunningham directly holds 75,105 derivative securities and no change is reported for her non-derivative ownership. The transaction appears to be routine long-term incentive compensation and does not materially affect Brown-Forman’s share count or control structure.
On 25 Jul 2025, Brown-Forman (NYSE: BF) filed a Form 4 reporting that Yiannis Pafilis—EVP & President for Europe, Africa and Asia—received 31,317 Stock Appreciation Rights (SARs) on 24 Jul 2025. Each SAR carries a $31.15 exercise price, first becomes exercisable on 1 May 2028 and expires on 30 Apr 2035. The award was coded “A” (grant) and is held directly; no Class A or Class B common shares were bought or sold. The filing reflects routine, compensation-related equity issuance and does not indicate open-market trading by the insider.