Brown‑Forman (NYSE: BF) EVP receives stock award and surrenders shares for taxes
Rhea-AI Filing Summary
Brown‑Forman executive Jeremy J. Shepherd reported a stock-based compensation event involving Class A common shares. On May 27, 2026, he received 3,010 shares of Class A common stock at $0.00 per share as a grant tied to a July 27, 2023 award of performance-based restricted stock units that carried a three-year performance period ending April 30, 2026.
To cover related tax withholding obligations, he surrendered 1,357 shares of Class A common stock, valued using the $26.72 closing price of BF‑A on the same date. After these non‑market transactions, the filing shows 2,210 shares following the tax-withholding disposition and 3,567 shares following the award entry, indicating his direct holdings remain in the low‑thousands of shares. The activity reflects routine equity compensation and tax settlement rather than open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,653 shares
Net Buy
2 txns
Insider
Shepherd Jeremy J
Role
EVP, Chief Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common | 3,010 | $0.00 | -- |
| Tax Withholding | Class A Common | 1,357 | $26.72 | $36K |
Holdings After Transaction:
Class A Common — 2,210 shares (Direct)
Footnotes (1)
- These shares were issued on May 27, 2026, in connection with a July 27, 2023, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2026. To satisfy withholding obligations associated with the July 27, 2023, award of performance-based restricted stock units that were issued as shares on May 27, 2026, the reporting person surrendered 1,357 shares of Class A common stock. The closing price of BF-A on May 27, 2026, was used to calculate the withholding obligation.
Key Figures
Shares surrendered for taxes: 1,357 shares
Withholding valuation price: $26.72 per share
Shares granted from RSU award: 3,010 shares
+3 more
6 metrics
Shares surrendered for taxes
1,357 shares
Class A common, tax withholding on May 27, 2026
Withholding valuation price
$26.72 per share
Closing price of BF-A on May 27, 2026
Shares granted from RSU award
3,010 shares
Class A common, grant/award acquisition on May 27, 2026
Shares after tax-withholding disposition
2,210 shares
Total Class A shares following F-code transaction
Shares after award entry
3,567 shares
Total Class A shares following A-code grant
RSU performance period length
3 years
Performance period ended April 30, 2026
Key Terms
performance-based restricted stock units, withholding obligations, Class A common stock, closing price
4 terms
performance-based restricted stock units financial
"award of performance-based restricted stock units. The award was subject to a three-year performance period"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
withholding obligations financial
"To satisfy withholding obligations associated with the July 27, 2023, award of performance-based restricted stock units"
Class A common stock financial
"the reporting person surrendered 1,357 shares of Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
closing price financial
"The closing price of BF-A on May 27, 2026, was used to calculate the withholding obligation"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Brown-Forman (BF) executive Jeremy Shepherd report in this Form 4?
Jeremy Shepherd reported a stock-based compensation event, receiving Class A common shares from a performance-based restricted stock unit award and surrendering part of those shares to cover tax withholding obligations, with all activity occurring on May 27, 2026.
Were Jeremy Shepherd’s Brown-Forman transactions open-market buys or sells?
No, the transactions were not open-market trades. The filing describes a grant of 3,010 shares as compensation and a surrender of 1,357 shares to cover tax withholding, a routine mechanism rather than discretionary buying or selling in the market.
What was the performance period for Jeremy Shepherd’s Brown-Forman RSU award?
The performance-based restricted stock unit award was granted on July 27, 2023 and had a three-year performance period ending on April 30, 2026. Shares were issued on May 27, 2026 after that period concluded and results were determined.