STOCK TITAN
  1. Home
  2. Sec-filings
  3. BF
  4. [Form 4] BROWN FORMAN CORP Insider Trading Activity

Brown-Forman (NYSE: BF) EVP awarded shares, uses stock for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Brown-Forman executive Crystal L. Peterson received 1,367 shares of Class A common stock as a performance-based restricted stock unit award that vested after a three-year period ending April 30, 2026. To cover related tax withholding, she surrendered 616 shares at a price of $26.72, leaving her with 1,717 directly held shares.

Positive

  • None.

Negative

  • None.
Insider Peterson Crystal L
Role EVP, Chief Incl/Global Comm
Type Security Shares Price Value
Grant/Award Class A Common 1,367 $0.00 --
Tax Withholding Class A Common 616 $26.72 $16K
Holdings After Transaction: Class A Common — 1,717 shares (Direct, null)
Footnotes (1)
  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 616 shares of Class A common stock. The closing price of BF-A on May 27, 2026, was used to calculate the withholding obligation.
Shares granted 1,367 shares Performance-based restricted stock units issued as shares on May 27, 2026
Shares surrendered for tax 616 shares Surrendered to satisfy withholding obligations on May 27, 2026
Withholding price $26.72 per share Closing price of BF-A on May 27, 2026 used to calculate withholding
Post-transaction holdings 1,717 shares Class A common stock held directly after transactions
Performance period length three-year period Performance-based RSU period ended April 30, 2026
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"
Class A common financial
"the reporting person surrendered 616 shares of Class A common stock"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Peterson Crystal L
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Chief Incl/Global Comm
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common05/27/2026A1,367(1)A$01,717D
Class A Common05/27/2026F616(2)D$26.72(3)1,101D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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 616 shares of Class A common stock.
3. The closing price of BF-A on May 27, 2026, was used to calculate the withholding obligation.
Remarks:
Karleen M. Finnegan, Attorney in Fact for Crystal L. Peterson05/29/2026
** Signature of Reporting PersonDate
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

FAQ

What did Brown-Forman (BF) executive Crystal L. Peterson report on this Form 4?

Crystal L. Peterson reported a performance-based equity award vesting and a tax-related share surrender. She received 1,367 Class A shares and surrendered 616 shares to satisfy withholding obligations tied to the award, reflecting a routine compensation-related transaction.

How many Brown-Forman (BF) shares did Crystal L. Peterson acquire and dispose of?

Peterson acquired 1,367 Class A common shares at a price of $0.00 per share as an award. She disposed of 616 shares through a tax-withholding surrender, a non-market transaction used to cover associated tax liabilities.

What was the tax withholding price used in Crystal L. Peterson’s Brown-Forman (BF) Form 4?

The tax withholding obligation was calculated using a share price of $26.72, the closing price of BF-A on May 27, 2026. This price determined the value of the 616 surrendered shares used to satisfy withholding requirements.

What is the origin of the shares in Crystal L. Peterson’s Brown-Forman (BF) award?

The 1,367 shares issued to Peterson on May 27, 2026 came from a July 27, 2023 grant of performance-based restricted stock units. The award vested after a three-year performance period ending on April 30, 2026.

How many Brown-Forman (BF) shares does Crystal L. Peterson hold after these transactions?

Following the award and tax-withholding surrender, Peterson holds 1,717 shares of Brown-Forman Class A common stock directly. This figure reflects her updated ownership after receiving 1,367 shares and surrendering 616 shares for taxes.