Form 4: Brown-Forman Director Stuart R. Brown Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Stuart R. Brown reports a transaction involving Class A Common stock of Brown-Forman Corp, resulting from a transfer from GRATs.
Summary
- On July 2, 2024, Stuart R. Brown, a director of Brown-Forman Corp, reported a change in beneficial ownership of Class A Common stock.
- The transaction involved the transfer of Class A shares from the 2023 GRAT and the 2023 GRAT #2 to the reporting person in exchange for other assets.
- The price per share for the transaction was $43.09.
- Following the transaction, Mr. Brown directly owns 795,499 shares of Class A Common stock.
- Mr. Brown also indirectly owns shares through various trusts and investment entities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of transaction involving Class A Common stock transfer from GRATs. |
| 07/05/2024 | Date of signature on the Form 4 filing. |
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