Brown-Forman director granted 6476.1905 DSUs
TODMAN MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
TODMAN MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corp director Michael Todman received a grant of 6,476.1905 Deferred Stock Units (DSUs) linked to Class A common stock on July 23, 2026. The award was calculated using the $26.25 Class A closing price that day, bringing his directly held DSUs to 42,555.3111. Under the non-employee director DSU program, annual DSU grants vest over the Board year, earn additional DSU credits on each dividend payment date, and are paid out in Class A shares on the first February 1 at least six months after his Board service ends.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 6,476.1905 shares
Grant/Award
1 txn
Insider
TODMAN MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F1, F2 | 6,476.1905 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 42,555.3111 contracts (Direct)
Footnotes (2)
- F1. Under the Brown-Forman Corporation Amended and Restated Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A stock. Grants made on July 23, 2026, were based on the closing price of the Company's Class A common stock on that date ($26.25). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
- F2. Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service.
Key Figures
Deferred Stock Units Granted: 6,476.1905 units
Reference Closing Price: $26.25 per share
Total DSUs After Grant: 42,555.3111 units
3 metrics
Deferred Stock Units Granted
6,476.1905 units
Annual DSU grant to director Michael Todman on July 23, 2026
Reference Closing Price
$26.25 per share
Closing price of Class A common stock on July 23, 2026 used to calculate DSU grant
Total DSUs After Grant
42,555.3111 units
Director Michael Todman’s directly held Deferred Stock Units following the reported award
Key Terms
Deferred Stock Units, dividend payment date, vest over the course of the Board year, termination from Board service
4 terms
Deferred Stock Units financial
"each DSU represents the right to receive one share of the Company's Class A stock"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend payment date financial
"On each dividend payment date, participants are credited with DSU equivalents"
vest over the course of the Board year financial
"Annual grants of DSUs vest over the course of the Board year"
termination from Board service financial
"paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Brown-Forman (BF) director Michael Todman report?
Director Michael Todman reported receiving a grant of 6,476.1905 Deferred Stock Units tied to Brown-Forman Class A common stock. The award is a compensation grant, not an open-market purchase or sale, and increases his directly held DSU balance.
How many deferred stock units does Michael Todman now hold at Brown-Forman (BF)?
After the reported grant, Michael Todman directly holds 42,555.3111 Deferred Stock Units. Each DSU represents the right to receive one share of Brown-Forman’s Class A common stock, subject to vesting and payout conditions under the director DSU program.
What price was used to determine Michael Todman’s DSU grant at Brown-Forman (BF)?
The DSU grant was based on the $26.25 closing price of Brown-Forman’s Class A common stock on July 23, 2026. That closing price determined the number of Deferred Stock Units awarded under the non-employee director deferred stock unit program.
When do Michael Todman’s Brown-Forman (BF) Deferred Stock Units vest and pay out?
Annual DSU grants to Michael Todman vest over the course of the Board year. They are paid out in Class A common stock on the first February 1 that is at least six months after his termination from Board service, according to the program terms.
Do Michael Todman’s Brown-Forman (BF) DSUs receive dividend equivalents?
Yes. On each dividend payment date, Michael Todman is credited with DSU equivalents, increasing his DSU balance. The total DSUs reported in this filing already reflect those additional credits tied to Brown-Forman’s dividend payments.
What does each Deferred Stock Unit represent for Brown-Forman (BF) directors?
Under Brown-Forman’s non-employee director deferred stock unit program, each Deferred Stock Unit represents the right to receive one share of Class A common stock. Actual shares are delivered after vesting and following the director’s departure from the Board, per plan rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
