Brown-Forman (BF) accounting chief reports RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
884 shares exercised/converted
Mixed
5 txns
Insider
Enyard Angela S
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 258 | $0.00 | -- |
| Exercise | Restricted Stock Units | 419 | $0.00 | -- |
| Exercise | Restricted Stock Units | 207 | $0.00 | -- |
| Exercise | Class B Common | 884 | $0.00 | -- |
| Tax Withholding | Class B Common | 307 | $25.77 | $8K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class B Common — 1,511 shares (Direct, null)
Footnotes (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. The closing price of BF-B on April 30, 2026, was used to calculate the withholding obligation. The restricted stock units were granted on July 27, 2023, and vested on April 30, 2026. The restricted stock units were granted on July 25, 2024, vesting in equal installments on April 30, 2026, and April 30, 2027. 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
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.
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.
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.