Brown-Forman CEO reports RSU vesting and tax shares
BROWN FORMAN CORP President & CEO Lawson E. Whiting reported compensation-related equity activity in Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
BROWN FORMAN CORP President & CEO Lawson E. Whiting reported compensation-related equity activity in Class A common stock. On May 27, 2026, he acquired 36,389 shares at no cost from a July 27, 2023 award of performance-based restricted stock units that vested after a three-year performance period ending April 30, 2026. To cover tax withholding on this vesting, he surrendered 16,494 Class A shares, with the obligation calculated using the May 27, 2026 BF-A closing price of $26.72 per share. A separate entry reflects 3.13 shares held through the company’s dividend reinvestment plan as of May 29, 2026.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Whiting Lawson E
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common | 36,389 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common | 16,494 | $26.72 | $441K |
| holding | Class A Common | -- | -- | -- |
Holdings After Transaction:
Class A Common — 26,913 shares (Direct);
Class A Common — 3.13 shares (Indirect, DRIP)
Footnotes (4)
- F1. 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.
- F2. 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 16,494 shares of Class A common stock.
- F3. The closing price of BF-A on May 27, 2026, was used to calculate the withholding obligation.
- F4. Number of shares acquired through the issuer's dividend reinvestment plan as of May 29, 2026.
Key Figures
RSU shares vested: 36,389 shares
Shares surrendered for taxes: 16,494 shares
Withholding price: $26.72 per share
+3 more
6 metrics
RSU shares vested
36,389 shares
Performance-based restricted stock units issued as shares on May 27, 2026
Shares surrendered for taxes
16,494 shares
Class A common shares surrendered to satisfy withholding obligations
Withholding price
$26.72 per share
Closing price of BF-A on May 27, 2026 used to calculate withholding
Direct holdings after tax disposition
26,913 shares
Total Class A shares following the tax-withholding transaction
Direct holdings after grant entry
43,407 shares
Total Class A shares following the grant/award acquisition entry
DRIP shares
3.13 shares
Class A shares acquired through dividend reinvestment plan as of May 29, 2026
Key Terms
performance-based restricted stock units, withholding obligations, dividend reinvestment plan, Class A common stock
4 terms
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"
dividend reinvestment plan financial
"Number of shares acquired through the issuer's dividend reinvestment plan as of May 29, 2026."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Class A common stock financial
"the reporting person surrendered 16,494 shares of Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BF President & CEO Lawson Whiting report?
Lawson Whiting reported vesting of performance-based restricted stock units into 36,389 Class A shares and surrender of 16,494 shares for tax withholding. These are compensation and tax-related entries, not open-market purchases or sales of Brown-Forman (BF) stock.
What is the size of the equity award reported by BF CEO Lawson Whiting?
The filing reports 36,389 Class A common shares issued on May 27, 2026 from a July 27, 2023 performance-based restricted stock unit award. The award covered a three-year performance period ending April 30, 2026, and was delivered in shares at the end of that period.
What does the dividend reinvestment plan entry mean for BF stock?
The filing shows 3.13 Class A shares held via Brown-Forman’s dividend reinvestment plan as of May 29, 2026. This reflects small incremental share accumulation from reinvested dividends rather than active trading, and is recorded as an indirect ownership position for Lawson Whiting.
Are the insider transactions in this BF Form 4 routine compensation events?
Yes, the entries reflect routine compensation and tax events. Performance-based restricted stock units from a 2023 grant vested into 36,389 shares, and 16,494 shares were surrendered for withholding. Such grant-and-withhold patterns are common in executive equity compensation for Brown-Forman (BF).
AI-generated analysis. How Rhea-AI works. Not financial advice.
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