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[8-K] Brown-Forman Corporation Reports Material Event

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8-K
Rhea-AI Filing Summary

United Therapeutics Corp. (UTHR) – Form 144 filing. Director-level insider Paul Mahon has filed to sell an additional 11,000 common shares on or about 24 Jul 2025 through Morgan Stanley Smith Barney. At the indicated market value of $3.35 million, the block equals roughly 0.024 % of the 45.1 million shares outstanding.

The filing also discloses recent insider dispositions totaling 66,000 shares over the past three months, generating $19.56 million in gross proceeds. Including the planned sale, Mahon’s cumulative dispositions would reach 77,000 shares, or ~0.17 % of shares outstanding. All shares derive from stock-option exercises paid in cash.

No company financials are provided; the document is strictly a notice required by Rule 144. While the absolute share count is modest, continued insider selling may attract investor attention. The filing confirms regulatory compliance and does not assert possession of undisclosed adverse information.

United Therapeutics Corp. (UTHR) – Deposito Form 144. L’insider a livello direttivo Paul Mahon ha presentato la richiesta di vendere ulteriori 11.000 azioni ordinarie intorno al 24 luglio 2025 tramite Morgan Stanley Smith Barney. Al valore di mercato indicato di 3,35 milioni di dollari, il blocco rappresenta circa il 0,024% delle 45,1 milioni di azioni in circolazione.

Il deposito rivela inoltre disposizioni recenti da parte dell’insider per un totale di 66.000 azioni negli ultimi tre mesi, generando 19,56 milioni di dollari di proventi lordi. Inclusa la vendita pianificata, le disposizioni cumulative di Mahon raggiungerebbero 77.000 azioni, ovvero circa lo 0,17% delle azioni in circolazione. Tutte le azioni derivano da esercizi di stock option pagati in contanti.

Non sono forniti dati finanziari della società; il documento è esclusivamente una comunicazione richiesta dalla Regola 144. Sebbene il numero assoluto di azioni sia contenuto, la continua vendita da parte dell’insider potrebbe attirare l’attenzione degli investitori. Il deposito conferma la conformità normativa e non indica la presenza di informazioni negative non divulgate.

United Therapeutics Corp. (UTHR) – Presentación del Formulario 144. El insider a nivel directivo Paul Mahon ha presentado la solicitud para vender 11,000 acciones ordinarias adicionales alrededor del 24 de julio de 2025 a través de Morgan Stanley Smith Barney. Al valor de mercado indicado de 3.35 millones de dólares, el bloque representa aproximadamente el 0.024% de las 45.1 millones de acciones en circulación.

La presentación también revela disposiciones recientes por parte del insider que suman 66,000 acciones en los últimos tres meses, generando 19.56 millones de dólares en ingresos brutos. Incluida la venta planificada, las disposiciones acumuladas de Mahon alcanzarían 77,000 acciones, o aproximadamente el 0.17% de las acciones en circulación. Todas las acciones provienen de ejercicios de opciones sobre acciones pagados en efectivo.

No se proporcionan datos financieros de la empresa; el documento es estrictamente un aviso requerido por la Regla 144. Aunque el número absoluto de acciones es modesto, la continua venta por parte del insider podría atraer la atención de los inversores. La presentación confirma el cumplimiento regulatorio y no indica la posesión de información adversa no divulgada.

United Therapeutics Corp. (UTHR) – Form 144 제출. 임원급 내부자 Paul Mahon이 Morgan Stanley Smith Barney를 통해 2025년 7월 24일경 추가로 11,000주 보통주를 매도하기 위해 신고했습니다. 표시된 시장 가치인 335만 달러 기준으로, 이 블록은 약 4,510만 주 발행 주식의 0.024%에 해당합니다.

이 제출 서류는 또한 지난 3개월 동안 총 66,000주최근 내부자 매도 내역을 공개하며, 총 1,956만 달러의 총 수익을 창출했습니다. 계획된 매도를 포함하면, Mahon의 누적 매도 주식은 77,000주로 발행 주식의 약 0.17%에 달합니다. 모든 주식은 현금으로 지급된 스톡옵션 행사에서 비롯되었습니다.

회사 재무 정보는 제공되지 않았으며, 이 문서는 Rule 144에 따라 요구되는 공지에 불과합니다. 절대 주식 수는 적지만, 지속적인 내부자 매도는 투자자의 관심을 끌 수 있습니다. 제출은 규정 준수를 확인하며, 미공개 불리한 정보 보유를 주장하지 않습니다.

United Therapeutics Corp. (UTHR) – Dépôt du Formulaire 144. L’initié de niveau directeur Paul Mahon a déposé une demande pour vendre 11 000 actions ordinaires supplémentaires aux alentours du 24 juillet 2025 via Morgan Stanley Smith Barney. À la valeur marchande indiquée de 3,35 millions de dollars, ce bloc représente environ 0,024 % des 45,1 millions d’actions en circulation.

Le dépôt révèle également des cessions récentes d’initiés totalisant 66 000 actions au cours des trois derniers mois, générant 19,56 millions de dollars de produits bruts. En incluant la vente prévue, les cessions cumulées de Mahon atteindraient 77 000 actions, soit environ 0,17 % des actions en circulation. Toutes les actions proviennent d’exercices d’options sur actions payés en espèces.

Aucun état financier de la société n’est fourni ; le document est strictement un avis requis par la Règle 144. Bien que le nombre absolu d’actions soit modeste, la vente continue par l’initié pourrait attirer l’attention des investisseurs. Le dépôt confirme la conformité réglementaire et ne prétend pas détenir d’informations défavorables non divulguées.

United Therapeutics Corp. (UTHR) – Form 144 Einreichung. Der Insider auf Direktorenebene, Paul Mahon, hat die Anmeldung eingereicht, um am oder um den 24. Juli 2025 weitere 11.000 Stammaktien zu verkaufen über Morgan Stanley Smith Barney. Zum angegebenen Marktwert von 3,35 Millionen US-Dollar entspricht das Paket etwa 0,024 % der 45,1 Millionen ausstehenden Aktien.

Die Einreichung offenbart außerdem kürzliche Insider-Veräußerungen von insgesamt 66.000 Aktien in den letzten drei Monaten, die Bruttoerlöse von 19,56 Millionen US-Dollar generierten. Einschließlich des geplanten Verkaufs würden Mahons kumulative Veräußerungen 77.000 Aktien erreichen, was etwa 0,17 % der ausstehenden Aktien entspricht. Alle Aktien stammen aus Barbezahlten Ausübungen von Aktienoptionen.

Es werden keine Unternehmensfinanzdaten bereitgestellt; das Dokument ist ausschließlich eine Mitteilung gemäß Regel 144. Obwohl die absolute Aktienzahl gering ist, könnte der fortgesetzte Insider-Verkauf die Aufmerksamkeit der Anleger auf sich ziehen. Die Einreichung bestätigt die Einhaltung der Vorschriften und behauptet nicht, über nicht veröffentlichte nachteilige Informationen zu verfügen.

Positive
  • Regulatory compliance: Filing under Rule 144 signals adherence to disclosure requirements, mitigating legal risk.
Negative
  • Continued insider selling: Aggregate 77,000 shares scheduled or sold in three months may be perceived as a bearish sentiment indicator.
  • Lack of offsetting insider buys: No purchases disclosed to counterbalance the disposals.

Insights

TL;DR: Small—0.024 %—insider sale; ongoing disposals worth $23 m YTD could be viewed as mild negative but not financially material.

The proposed 11,000-share sale adds to a 66,000-share disposal history over the last quarter. Even combined, the 77,000 shares equal just 0.17 % of UTHR’s float, limiting dilution or ownership impact. Insider sales may hint at reduced personal conviction, yet the transactions stem from option exercises, a common liquidity event. No operational data accompany the notice, so fundamental outlook remains unchanged. Overall impact: neutral-to-slightly negative; likely minimal share-price effect absent broader context.

United Therapeutics Corp. (UTHR) – Deposito Form 144. L’insider a livello direttivo Paul Mahon ha presentato la richiesta di vendere ulteriori 11.000 azioni ordinarie intorno al 24 luglio 2025 tramite Morgan Stanley Smith Barney. Al valore di mercato indicato di 3,35 milioni di dollari, il blocco rappresenta circa il 0,024% delle 45,1 milioni di azioni in circolazione.

Il deposito rivela inoltre disposizioni recenti da parte dell’insider per un totale di 66.000 azioni negli ultimi tre mesi, generando 19,56 milioni di dollari di proventi lordi. Inclusa la vendita pianificata, le disposizioni cumulative di Mahon raggiungerebbero 77.000 azioni, ovvero circa lo 0,17% delle azioni in circolazione. Tutte le azioni derivano da esercizi di stock option pagati in contanti.

Non sono forniti dati finanziari della società; il documento è esclusivamente una comunicazione richiesta dalla Regola 144. Sebbene il numero assoluto di azioni sia contenuto, la continua vendita da parte dell’insider potrebbe attirare l’attenzione degli investitori. Il deposito conferma la conformità normativa e non indica la presenza di informazioni negative non divulgate.

United Therapeutics Corp. (UTHR) – Presentación del Formulario 144. El insider a nivel directivo Paul Mahon ha presentado la solicitud para vender 11,000 acciones ordinarias adicionales alrededor del 24 de julio de 2025 a través de Morgan Stanley Smith Barney. Al valor de mercado indicado de 3.35 millones de dólares, el bloque representa aproximadamente el 0.024% de las 45.1 millones de acciones en circulación.

La presentación también revela disposiciones recientes por parte del insider que suman 66,000 acciones en los últimos tres meses, generando 19.56 millones de dólares en ingresos brutos. Incluida la venta planificada, las disposiciones acumuladas de Mahon alcanzarían 77,000 acciones, o aproximadamente el 0.17% de las acciones en circulación. Todas las acciones provienen de ejercicios de opciones sobre acciones pagados en efectivo.

No se proporcionan datos financieros de la empresa; el documento es estrictamente un aviso requerido por la Regla 144. Aunque el número absoluto de acciones es modesto, la continua venta por parte del insider podría atraer la atención de los inversores. La presentación confirma el cumplimiento regulatorio y no indica la posesión de información adversa no divulgada.

United Therapeutics Corp. (UTHR) – Form 144 제출. 임원급 내부자 Paul Mahon이 Morgan Stanley Smith Barney를 통해 2025년 7월 24일경 추가로 11,000주 보통주를 매도하기 위해 신고했습니다. 표시된 시장 가치인 335만 달러 기준으로, 이 블록은 약 4,510만 주 발행 주식의 0.024%에 해당합니다.

이 제출 서류는 또한 지난 3개월 동안 총 66,000주최근 내부자 매도 내역을 공개하며, 총 1,956만 달러의 총 수익을 창출했습니다. 계획된 매도를 포함하면, Mahon의 누적 매도 주식은 77,000주로 발행 주식의 약 0.17%에 달합니다. 모든 주식은 현금으로 지급된 스톡옵션 행사에서 비롯되었습니다.

회사 재무 정보는 제공되지 않았으며, 이 문서는 Rule 144에 따라 요구되는 공지에 불과합니다. 절대 주식 수는 적지만, 지속적인 내부자 매도는 투자자의 관심을 끌 수 있습니다. 제출은 규정 준수를 확인하며, 미공개 불리한 정보 보유를 주장하지 않습니다.

United Therapeutics Corp. (UTHR) – Dépôt du Formulaire 144. L’initié de niveau directeur Paul Mahon a déposé une demande pour vendre 11 000 actions ordinaires supplémentaires aux alentours du 24 juillet 2025 via Morgan Stanley Smith Barney. À la valeur marchande indiquée de 3,35 millions de dollars, ce bloc représente environ 0,024 % des 45,1 millions d’actions en circulation.

Le dépôt révèle également des cessions récentes d’initiés totalisant 66 000 actions au cours des trois derniers mois, générant 19,56 millions de dollars de produits bruts. En incluant la vente prévue, les cessions cumulées de Mahon atteindraient 77 000 actions, soit environ 0,17 % des actions en circulation. Toutes les actions proviennent d’exercices d’options sur actions payés en espèces.

Aucun état financier de la société n’est fourni ; le document est strictement un avis requis par la Règle 144. Bien que le nombre absolu d’actions soit modeste, la vente continue par l’initié pourrait attirer l’attention des investisseurs. Le dépôt confirme la conformité réglementaire et ne prétend pas détenir d’informations défavorables non divulguées.

United Therapeutics Corp. (UTHR) – Form 144 Einreichung. Der Insider auf Direktorenebene, Paul Mahon, hat die Anmeldung eingereicht, um am oder um den 24. Juli 2025 weitere 11.000 Stammaktien zu verkaufen über Morgan Stanley Smith Barney. Zum angegebenen Marktwert von 3,35 Millionen US-Dollar entspricht das Paket etwa 0,024 % der 45,1 Millionen ausstehenden Aktien.

Die Einreichung offenbart außerdem kürzliche Insider-Veräußerungen von insgesamt 66.000 Aktien in den letzten drei Monaten, die Bruttoerlöse von 19,56 Millionen US-Dollar generierten. Einschließlich des geplanten Verkaufs würden Mahons kumulative Veräußerungen 77.000 Aktien erreichen, was etwa 0,17 % der ausstehenden Aktien entspricht. Alle Aktien stammen aus Barbezahlten Ausübungen von Aktienoptionen.

Es werden keine Unternehmensfinanzdaten bereitgestellt; das Dokument ist ausschließlich eine Mitteilung gemäß Regel 144. Obwohl die absolute Aktienzahl gering ist, könnte der fortgesetzte Insider-Verkauf die Aufmerksamkeit der Anleger auf sich ziehen. Die Einreichung bestätigt die Einhaltung der Vorschriften und behauptet nicht, über nicht veröffentlichte nachteilige Informationen zu verfügen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
July 24, 2025

Brown-Forman Corporation

(Exact Name of Registrant as Specified in its Charter)
                   

Delaware001-0012361-0143150
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

850 Dixie Highway,Louisville,Kentucky40210
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (502) 585-1100

Not Applicable
(Former Name or Former Address, if Changed Since Last Report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))









Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock (voting), $0.15 par value
BFANew York Stock Exchange
Class B Common Stock (nonvoting), $0.15 par value
BFBNew York Stock Exchange
1.200% Notes due 2026
BF26New York Stock Exchange
2.600% Notes due 2028
BF28New York Stock Exchange

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 5.07. Submission of Matters to a Vote of Security Holders.

On July 24, 2025, Brown-Forman Corporation (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). The matters submitted to a vote of the Company's Class A common stockholders at the Annual Meeting and the voting results of such matters are as follows:

Proposal 1: Election of Directors

The Company's Class A common stockholders elected each of the director nominees proposed by the Company's Board of Directors to serve until the next Annual Meeting of Stockholders or until such director's successor is duly elected and qualified, by the following voting results:

Name of NomineeForAgainstAbstainBroker Non-Votes
Campbell P. Brown148,938,1653,267,9695,148,3604,937,587
Elizabeth M. Brown149,546,6437,697,673110,1784,937,587
Mark A. Clouse149,662,4282,541,6295,150,4374,937,587
Marshall B. Farrer149,550,3067,711,89292,2964,937,587
W. Austin Musselman, Jr.149,571,1097,672,539110,8464,937,587
Michael J. Roney149,486,5152,716,4195,151,5604,937,587
Jan E. Singer148,164,4844,027,7465,162,2644,937,587
Tracy L. Skeans148,647,7523,556,3105,150,4324,937,587
Elizabeth A. Smith151,683,189520,1295,151,1764,937,587
Michael A. Todman149,451,2792,747,2755,155,9404,937,587
Lawson E. Whiting150,997,1496,247,681109,6644,937,587

Proposal 2: Ratification of the Selection of the Independent Registered Public Accounting Firm for Fiscal 2026

The Company's Class A common stockholders ratified the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending April 30, 2026, by the following voting results:

ForAgainstAbstainBroker Non-Votes
161,880,896365,22545,960N/A

Item 7.01. Regulation FD Disclosure.

On July 24, 2025, the Company issued a press release announcing the voting results of the Annual Meeting and the approval by the Board of Directors of the Company’s regular quarterly cash dividend. A copy of the press release is attached hereto as Exhibit 99.1.

The information furnished under this Item 7.01 (and the related information in Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits

Exhibit No.Description
99.1
Brown-Forman Corporation Press Release dated July 24, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


BROWN-FORMAN CORPORATION
(Registrant)
Date: July 24, 2025/s/ Michael E. Carr, Jr.
Michael E. Carr, Jr.
Executive Vice President, General Counsel and Corporate Secretary




                        





FAQ

How many United Therapeutics (UTHR) shares are being sold under this Form 144?

11,000 common shares are slated for sale.

What is the estimated market value of the planned UTHR share sale?

Approximately $3.35 million based on the filing’s stated price.

How significant is the sale relative to shares outstanding?

The block equals about 0.024 % of the 45.1 million shares outstanding, a minor portion of float.

Have there been other recent insider sales by the same filer?

Yes. Mahon has already sold 66,000 shares since May 2025, generating roughly $19.56 million in proceeds.

What is the nature of the shares being sold?

All shares originate from stock-option exercises paid for in cash.

Which broker is handling the transaction?

Morgan Stanley Smith Barney LLC, Executive Financial Services desk.
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