Brown-Forman director granted 6,476 stock units
Skeans Tracy L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Skeans Tracy L reported acquisition or exercise transactions in this Form 4 filing.
Brown-Forman Corp director Tracy L. Skeans received a grant of 6,476.1905 Deferred Stock Units (DSUs) on July 23, 2026, as director compensation. Each DSU represents one share of Class A common stock and the grant was based on the $26.25 closing price that day. DSUs vest over the Board year, earn dividend-equivalent credits, and are paid in Class A shares after Board service ends. Following this award, Skeans holds 37,952.2656 DSUs directly.
Positive
- None.
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Insider Trade Summary
Grant/Award: 6,476.1905 shares
Grant/Award
1 txn
Insider
Skeans Tracy L
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 — 37,952.2656 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 DSUs
Closing price basis: $26.25 per share
Total DSUs after grant: 37,952.2656 DSUs
+1 more
4 metrics
Deferred Stock Units granted
6,476.1905 DSUs
Grant to director Tracy L. Skeans on July 23, 2026
Closing price basis
$26.25 per share
Class A common stock closing price on July 23, 2026 used to determine DSU grant
Total DSUs after grant
37,952.2656 DSUs
Director Tracy L. Skeans’ direct DSU holdings following the reported grant
Underlying shares per DSU
1 share of Class A stock
Each DSU represents the right to receive one share of Class A common stock
Key Terms
Deferred Stock Units, Non-Employee Director Deferred Stock Unit Program, dividend payment date, Class A common stock
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.
Non-Employee Director Deferred Stock Unit Program financial
"Under the Brown-Forman Corporation Amended and Restated Non-Employee Director Deferred Stock Unit Program"
dividend payment date financial
"On each dividend payment date, participants are credited with DSU equivalents"
Class A common stock financial
"Grants made on July 23, 2026, were based on the closing price of the Company's 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 did Brown-Forman (BF) disclose about Tracy L. Skeans in this Form 4?
The filing reports that director Tracy L. Skeans received a grant of 6,476.1905 Deferred Stock Units on July 23, 2026, as part of Brown-Forman’s non-employee director compensation program.
How many Deferred Stock Units does Tracy L. Skeans now hold at Brown-Forman (BF)?
After the July 23, 2026 grant, Tracy L. Skeans holds 37,952.2656 Deferred Stock Units. These DSUs are credited with dividend equivalents and will be settled in Class A common stock after Board service ends.
What does each Deferred Stock Unit represent for Brown-Forman (BF) directors?
Each Deferred Stock Unit (DSU) represents the right to receive one share of Brown-Forman’s Class A common stock. DSUs for non-employee directors accrue dividend-equivalent credits over time under the company’s deferred stock unit program.
How was the Brown-Forman (BF) DSU grant to Tracy L. Skeans valued?
The July 23, 2026 grant to Tracy L. Skeans was based on the $26.25 closing price of Brown-Forman’s Class A common stock on that date, with 6,476.1905 DSUs awarded under the director deferred stock unit program.
When do Brown-Forman (BF) director Deferred Stock Units vest and pay out?
Annual DSU grants to Brown-Forman non-employee directors vest over the Board year and are paid in Class A common stock on the first February 1 at least six months after the director leaves the Board.
Do Brown-Forman (BF) Deferred Stock Units receive dividends?
On each dividend payment date, participants are credited with DSU equivalents, increasing their DSU totals. These credits reflect dividend-equivalent rights tied to Brown-Forman’s Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
