Brown-Forman director granted 6,476.1905 DSUs

RONEY MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/24/2026 - 04:52 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

RONEY MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Brown-Forman Corp director Michael J. Roney received a grant of 6,476.1905 Deferred Stock Units (DSUs) on July 23, 2026. Each DSU represents one share of Class A common stock, with the award based on the $26.25 closing price and vesting over the Board year. DSUs are paid out in Class A stock after Board service ends, and credited dividend equivalents bring his total to 53,187.1166 DSUs held directly.

Insider Trade Summary

Grant/Award: 6,476.1905 shares

Grant/Award 1 txn

Insider RONEY MICHAEL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F1, F2	6,476.1905	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 53,187.1166 contracts (Direct)

Footnotes (2)

1. F1. Under the Brown-Forman Corporation Amended and Restated Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A stock. Grants made on July 23, 2026, were based on the closing price of the Company's Class A common stock on that date ($26.25). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
2. F2. Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service.

Key Figures

Deferred Stock Units granted: 6,476.1905 units DSUs following transaction: 53,187.1166 units Grant reference price: $26.25 per share +1 more

4 metrics

Deferred Stock Units granted 6,476.1905 units Grant to director Michael J. Roney on July 23, 2026

DSUs following transaction 53,187.1166 units Total Deferred Stock Units held directly after the award

Grant reference price $26.25 per share Closing price of Class A common stock on July 23, 2026

Transaction price per DSU $0.0000 Compensation grant with no cash paid per unit by the director

Key Terms

Deferred Stock Units, Non-Employee Director Deferred Stock Unit Program, dividend payment date, vest over the course of the Board year

4 terms

Deferred Stock Units financial

"each DSU represents the right to receive one share of the Company's Class A stock"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Non-Employee Director Deferred Stock Unit Program financial

"Under the Brown-Forman Corporation Amended and Restated Non-Employee Director Deferred Stock Unit Program"

dividend payment date financial

"On each dividend payment date, participants are credited with DSU equivalents"

vest over the course of the Board year financial

"Annual grants of DSUs vest over the course of the Board year"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Brown-Forman (BF) director Michael J. Roney report?

Michael J. Roney reported a grant of 6,476.1905 Deferred Stock Units on July 23, 2026. Each DSU represents the right to receive one share of Brown-Forman Class A common stock as part of the director compensation program.

How many Deferred Stock Units does Michael J. Roney hold in Brown-Forman (BF) after this grant?

After the grant, Michael J. Roney holds 53,187.1166 Deferred Stock Units directly. This total includes additional DSU equivalents credited on each dividend payment date under Brown-Forman’s non-employee director deferred stock unit program.

What does each Deferred Stock Unit represent for Brown-Forman (BF) directors?

Each Brown-Forman DSU represents the right to receive one share of Class A common stock. Under the Amended and Restated Non-Employee Director Deferred Stock Unit Program, DSUs track the value of Class A shares and receive dividend-equivalent credits.

When do the Brown-Forman (BF) Deferred Stock Units granted to directors vest and pay out?

Annual DSU grants to Brown-Forman directors vest over the Board year and are paid in Class A stock. Payout occurs on the first February 1 that is at least six months after the director’s termination from Board service.

How was the value of Michael J. Roney’s Brown-Forman (BF) DSU grant determined?

The DSU grant was based on the $26.25 closing price of Brown-Forman Class A common stock on July 23, 2026. The number of DSUs reflects this reference price, with a transaction price of $0.0000 per unit to the director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RONEY MICHAEL J

(Last) (First) (Middle)

850 DIXIE HIGHWAY

(Street)

LOUISVILLE KENTUCKY 40210

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BROWN FORMAN CORP [ BFA, BFB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	07/23/2026		A		6,476.1905		(2)	(2)	Class A Common	6,476.1905	$0	53,187.1166	D

Explanation of Responses:

1. Under the Brown-Forman Corporation Amended and Restated Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A stock. Grants made on July 23, 2026, were based on the closing price of the Company's Class A common stock on that date ($26.25). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.

2. Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service.

Remarks:

	Karleen M. Finnegan, Attorney in Fact for Michael J. Roney	07/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)