Brown-Forman (BF) CFO awarded 8,992 stock appreciation rights at $28.40
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
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 | -- |
Holdings After Transaction:
Stock Appreciation Right — 8,992 shares (Direct, null)
Footnotes (1)
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
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.