Brown-Forman Corp (NYSE: BF) grants director 9,523 deferred stock units
Rhea-AI Filing Summary
Clouse Mark A. reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corp director Mark A. Clouse received a grant of 9,523.8095 Deferred Stock Units (DSUs) on July 23, 2026 under the Non-Employee Director Deferred Stock Unit Program. Each DSU represents one share of Class A common stock, increasing his direct DSU holdings to 27,229.1976. Grants were sized using the July 23, 2026 Class A closing price of $26.25 per share and vest over the Board year. DSUs are settled in Class A stock on the first February 1 at least six months after the director leaves the Board, and are credited with additional DSU equivalents on dividend payment dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clouse Mark A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F1, F2 | 9,523.8095 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 27,229.1976 shares (Direct)
Footnotes (2)
- 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.
- 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: 9,523.8095 units
DSU holdings after transaction: 27,229.1976 units
Class A closing price: $26.25 per share
+2 more
5 metrics
Deferred Stock Units granted
9,523.8095 units
Annual DSU grant to director on July 23, 2026
DSU holdings after transaction
27,229.1976 units
Total direct Deferred Stock Units held by Mark A. Clouse after grant
Class A closing price
$26.25 per share
Price used to determine DSU grant size on July 23, 2026
DSU-to-share ratio
1 DSU : 1 share
Each DSU represents the right to receive one Class A share
Settlement timing
First February 1 ≥ six months post-termination
DSUs paid in Class A stock after director leaves the Board
Key Terms
Deferred Stock Units, Non-Employee Director Deferred Stock Unit Program, vest, dividend payment date, +1 more
5 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"
vest financial
"Annual grants of DSUs vest over the course of the Board year."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
dividend payment date financial
"On each dividend payment date, participants are credited with DSU equivalents"
Class A common stock financial
"Grants made on July 23, 2026, were based on the closing price of the Company's 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Brown-Forman (BF) director Mark A. Clouse report?
Mark A. Clouse reported an award of 9,523.8095 Deferred Stock Units (DSUs) on July 23, 2026. The DSUs were granted under Brown-Forman’s Non-Employee Director Deferred Stock Unit Program and are settled in Class A common stock after Board service ends.
How many Brown-Forman (BF) Deferred Stock Units does Mark A. Clouse hold after this grant?
After the July 23, 2026 DSU grant, Mark A. Clouse holds 27,229.1976 Deferred Stock Units directly. Each DSU represents the right to receive one share of Brown-Forman’s Class A common stock upon payout, subject to the program’s vesting and settlement rules.
What does each Deferred Stock Unit represent for Brown-Forman (BF) directors?
Each Brown-Forman Deferred Stock Unit (DSU) represents one share of the company’s Class A common stock. DSUs accrue additional DSU equivalents on dividend payment dates and are ultimately paid out in Class A shares after a director leaves the Board, following plan rules.
How were the 9,523.8095 Brown-Forman (BF) DSUs granted to Mark A. Clouse determined?
The DSU grant to Mark A. Clouse was based on Brown-Forman Class A’s closing price of $26.25 on July 23, 2026. That closing price was used to size the annual DSU award under the Amended and Restated Non-Employee Director Deferred Stock Unit Program.
When do Brown-Forman (BF) director Deferred Stock Units vest and pay out?
Annual DSU grants vest over the Board year and are paid in Class A common stock on the first February 1 that is at least six months after a director’s termination of Board service, in accordance with the program’s terms.
Was Mark A. Clouse’s Brown-Forman (BF) DSU award under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as a trading plan, and the footnotes describe the transaction as an annual DSU grant under the Non-Employee Director Deferred Stock Unit Program rather than a pre-arranged trading plan.