Brown-Forman officer nets shares from RSU vesting

Brown-Forman senior vice president and chief accounting officer Angela S. Enyard reported compensation-related equity activity in Class B common stock.

Rhea-AI Filing Summary

Brown-Forman senior vice president and chief accounting officer Angela S. Enyard reported compensation-related equity activity in Class B common stock. On April 30, 2026, she exercised restricted stock units, converting 884 shares of RSUs into Class B common shares, with each RSU representing one share.

To cover tax obligations, 307 Class B shares were disposed of through a tax-withholding transaction at $25.77 per share, based on the BF-B closing price on April 30, 2026. After these transactions, Enyard directly held 1,204 Class B shares, reflecting a routine vesting and tax-settlement event rather than an open-market trade.

Insider Trade Summary

884 shares exercised/converted

Exercise 5 txns

Insider Enyard Angela S

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	258	$0.00	$0.00
Exercise	Restricted Stock Units	419	$0.00	$0.00
Exercise	Restricted Stock Units	207	$0.00	$0.00
Exercise	Class B Common	884	$0.00	$0.00
Exercise Price or Tax Liability	Class B Common	307	$25.77	$8K

Holdings After Transaction: Restricted Stock Units — 620 contracts (Direct); Class B Common — 1,204 shares (Direct)

Footnotes (5)

1. F1. Each Restricted Stock Unit represents a contingent right to receive one share of Brown-Forman Class B common stock. The RSU totals on this form have been updated to reflect credited dividends.
2. F2. The closing price of BF-B on April 30, 2026, was used to calculate the withholding obligation.
3. F3. The restricted stock units were granted on July 27, 2023, and vested on April 30, 2026.
4. F4. The restricted stock units were granted on July 25, 2024, vesting in equal installments on April 30, 2026, and April 30, 2027.
5. F5. The restricted stock units were granted on January 30, 2025, vesting in equal installments on April 30, 2026, and April 30, 2027.

Key Figures

RSU conversion: 884 shares Tax-withheld shares: 307 shares Withholding price: $25.77 per share +3 more

6 metrics

RSU conversion 884 shares Class B common shares acquired via RSU exercise on April 30, 2026

Tax-withheld shares 307 shares Class B shares delivered to cover tax liability at $25.77 per share

Withholding price $25.77 per share Closing price of BF-B on April 30, 2026 used for tax calculation

Post-transaction holdings 1,204 shares Brown-Forman Class B shares directly held after transactions

Tax-withholding shares count 1 transaction, 307 shares Single F-code disposition for tax obligations

Derivative exercises 3 transactions, 884 shares M-code exercises or conversions of restricted stock units

Key Terms

Restricted Stock Units, Class B Common, tax-withholding disposition, derivative security, +1 more

5 terms

Restricted Stock Units financial

"Each Restricted Stock Unit represents a contingent right to receive one share of Brown-Forman Class B common stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class B Common financial

"Each Restricted Stock Unit represents a contingent right to receive one share of Brown-Forman Class B common stock."

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

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.

derivative security financial

"Exercise or conversion of derivative security"

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.

credited dividends financial

"The RSU totals on this form have been updated to reflect credited dividends."

FAQ

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

What did Brown-Forman (BF) executive Angela Enyard report in this Form 4?

Angela Enyard reported routine equity compensation activity involving restricted stock units converting into Class B common shares and a related tax-withholding disposition. The transactions reflect RSU vesting and tax settlement, not an open-market purchase or sale of Brown-Forman stock.

How many Brown-Forman (BF) shares were acquired through RSU vesting?

A total of 884 Class B common shares were acquired through the exercise or conversion of restricted stock units. Each RSU represented the right to receive one Brown-Forman Class B share, reflecting equity compensation vesting for the executive on April 30, 2026.

How many Brown-Forman (BF) shares were withheld for taxes in this filing?

The filing shows 307 Class B common shares disposed of via tax-withholding. The company used the April 30, 2026, BF-B closing price of $25.77 per share to calculate the withholding obligation on the vested restricted stock units reported for the executive.

What are restricted stock units (RSUs) in the Brown-Forman (BF) filing?

In this filing, each restricted stock unit represents a contingent right to receive one Brown-Forman Class B common share. The reported RSU totals were updated to reflect credited dividends, and several RSU grants vested partially or fully on April 30, 2026, for the executive.

How many Brown-Forman (BF) Class B shares does Angela Enyard hold after these transactions?

After the reported transactions, Angela Enyard directly holds 1,204 shares of Brown-Forman Class B common stock. These holdings reflect the net result of restricted stock units converting into shares and the shares withheld to satisfy tax obligations on April 30, 2026.

Were the Brown-Forman (BF) insider transactions open-market trades?

No, the reported transactions are not open-market trades. They consist of RSU exercises or conversions into Brown-Forman Class B shares plus a tax-withholding disposition, where shares were delivered to cover tax liabilities associated with the vesting rather than sold on the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 04:44 PM EDT Learn about SEC filing dates

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^*

Enyard Angela S

(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)
	SVP, Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class B Common	04/30/2026		M		884	A	(1)	1,511	D
Class B Common	04/30/2026		F		307	D	$25.77(2)	1,204	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	04/30/2026		M			258	(3)	(3)	Class B Common	258	$0	0	D
Restricted Stock Units	(1)	04/30/2026		M			419	(4)	(4)	Class B Common	419	$0	410	D
Restricted Stock Units	(1)	04/30/2026		M			207	(5)	(5)	Class B Common	207	$0	210	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one share of Brown-Forman Class B common stock. The RSU totals on this form have been updated to reflect credited dividends.

2. The closing price of BF-B on April 30, 2026, was used to calculate the withholding obligation.

3. The restricted stock units were granted on July 27, 2023, and vested on April 30, 2026.

4. The restricted stock units were granted on July 25, 2024, vesting in equal installments on April 30, 2026, and April 30, 2027.

5. The restricted stock units were granted on January 30, 2025, vesting in equal installments on April 30, 2026, and April 30, 2027.

Remarks:

	Karleen M. Finnegan, Attorney in Fact for Angela S. Enyard	05/05/2026
	** 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.
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* Form 4: SEC 1474 (03-26)