Brown-Forman CFO granted 8,992 stock rights

Brown-Forman EVP and CFO James W. Peters received a grant of 8,992 stock appreciation rights.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Brown-Forman EVP and CFO James W. Peters received a grant of 8,992 stock appreciation rights. These derivative awards were granted at an exercise price of $28.40 per share and relate to 8,992 shares of Class B common stock. The rights become exercisable on May 1, 2028 and expire on April 30, 2035. Following this grant, his reported holdings of these stock appreciation rights total 8,992 units held directly.

Insider Trade Summary

Grant/Award: 8,992 shares

Grant/Award 1 txn

Insider Peters James W

Role EVP, Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	8,992	$0.00	$0.00

Holdings After Transaction: Stock Appreciation Right — 8,992 contracts (Direct)

Key Figures

Stock appreciation rights granted: 8,992 units Exercise price: $28.40 per share Underlying shares: 8,992 shares +3 more

6 metrics

Stock appreciation rights granted 8,992 units Grant to EVP and CFO James W. Peters

Exercise price $28.40 per share Stock appreciation rights on Class B common

Underlying shares 8,992 shares Class B common stock underlying SARs

Exercise date May 1, 2028 SARs become exercisable

Expiration date April 30, 2035 End of SARs term

Holdings after transaction 8,992 stock appreciation rights Direct ownership reported

Key Terms

Stock Appreciation Right, Class B Common, grant/award acquisition, derivative security

4 terms

Stock Appreciation Right financial

"security_title: "Stock Appreciation Right""

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

Class B Common financial

"underlying_security_title: "Class B Common""

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

derivative security financial

"transaction_type: "derivative""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

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

What insider transaction did Brown-Forman (BF) report for James W. Peters?

Brown-Forman reported that EVP and CFO James W. Peters received 8,992 stock appreciation rights. These derivative awards were granted at a $28.40 exercise price and are tied to 8,992 shares of Class B common stock, with specific future vesting and expiration dates.

What type of security was granted to the Brown-Forman (BF) CFO?

The CFO received a grant of stock appreciation rights, a type of derivative security. This award covers 8,992 underlying shares of Class B common stock at a $28.40 exercise price, giving potential value based on future share price performance over the award’s term.

When do the Brown-Forman (BF) stock appreciation rights for James W. Peters vest and expire?

The stock appreciation rights granted to James W. Peters become exercisable on May 1, 2028. They carry an expiration date of April 30, 2035, providing a multi-year window during which the rights can be exercised subject to applicable plan terms.

How many stock appreciation rights does the Brown-Forman (BF) CFO hold after this Form 4 filing?

After this reported grant, James W. Peters holds 8,992 stock appreciation rights directly. Each right is linked to one share of Class B common stock at a $28.40 exercise price, as disclosed in the Form 4 insider transaction data.

Was the Brown-Forman (BF) CFO’s Form 4 transaction a buy or a sale of shares?

The Form 4 shows an acquisition through a grant or award, not an open-market buy or sale. James W. Peters received 8,992 stock appreciation rights as compensation, with no reported cash purchase or sale in the open market.

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

Accepted by SEC EDGAR 04/24/2026 - 05:06 PM EDT

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^*

Peters James W

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Right	$28.4	04/23/2026		A		8,992		05/01/2028	04/30/2035	Class B Common	8,992	$0	8,992	D

Explanation of Responses:

Remarks:

	Karleen M. Finnegan, Attorney in Fact for James W. Peters	04/24/2026
	** 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)

Source: View Original Filing on SEC EDGAR