Brown-Forman director granted deferred stock units
Farrer Marshall reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Farrer Marshall reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corp director Farrer Marshall received a grant of 6,476.1905 Deferred Stock Units (DSUs) on July 23, 2026, tied to Class A common stock. Each DSU represents the right to receive one Class A share and was based on the $26.25 closing price that day. These annual DSU grants vest over the Board year and are settled in Class A stock on the first February 1 at least six months after the director’s termination from Board service. Following this grant and dividend-equivalent credits, Marshall now holds 11,665.5765 DSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 6,476.1905 shares
Grant/Award
1 txn
Insider
Farrer Marshall
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 — 11,665.5765 contracts (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: 6,476.1905 units
Total DSUs after grant: 11,665.5765 units
Reference Class A share price: $26.25
+1 more
4 metrics
Deferred Stock Units granted
6,476.1905 units
Grant of Deferred Stock Units on July 23, 2026
Total DSUs after grant
11,665.5765 units
Director’s Deferred Stock Unit balance following the reported transaction
Reference Class A share price
$26.25
Closing price of Class A common stock on July 23, 2026 used to base DSU grant
Transaction price per DSU
$0.0000
Reported transaction price per Deferred Stock Unit for the grant
Key Terms
Deferred Stock Units, Non-Employee Director Deferred Stock Unit Program, dividend payment date, vest over the course of the Board year, +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"
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"
termination from Board service financial
"at least six months following the director's termination from Board service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Farrer Marshall report for Brown-Forman (BF)?
Farrer Marshall reported a grant of 6,476.1905 Deferred Stock Units on July 23, 2026. The DSUs are tied to Brown-Forman Class A common stock and were awarded as director compensation, increasing his total DSU holdings reported on this Form 4.
How many Deferred Stock Units does Farrer Marshall hold in Brown-Forman (BF) after this filing?
After the reported transaction, Farrer Marshall holds 11,665.5765 Deferred Stock Units. This total includes the new grant of 6,476.1905 DSUs and prior DSU balances, updated for dividend-equivalent credits under the company’s non-employee director DSU program.
What does each Deferred Stock Unit represent at Brown-Forman (BF)?
Each Brown-Forman Deferred Stock Unit represents the right to receive one share of the company’s Class A common stock. DSU balances are also increased by DSU equivalents credited on each dividend payment date under the director deferred stock unit program.
How and when do Brown-Forman (BF) director Deferred Stock Units vest and pay out?
Annual director DSU grants at Brown-Forman vest over the course of the Board year. They are paid out in Class A common stock on the first February 1 that is at least six months after the director terminates service on the Board, according to the program terms.
At what price was the Brown-Forman (BF) DSU grant for Farrer Marshall determined?
The DSU grant was based on the $26.25 closing price of Brown-Forman Class A common stock on July 23, 2026. Although the transaction price per DSU is reported as $0.0000, the grant size references this market closing price.
Was Farrer Marshall’s Brown-Forman (BF) DSU grant made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The transaction is reported as a grant of Deferred Stock Units under the non-employee director program, rather than a trade executed under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
