Form 4: Brown-Forman EVP Jeremy J. Shepherd Reports Stock Transactions

Executive Vice President of Brown-Forman, Jeremy J. Shepherd, reports the acquisition and disposal of Class B Common stock related to stock appreciation rights.

Summary

• On April 30, 2024, Jeremy J. Shepherd, EVP at Brown-Forman Corp, reported transactions involving Class B Common stock.
• Shepherd acquired 1,301 shares of Class B Common stock at a price of $35.603 per share related to the exercise of stock appreciation rights.
• Concurrently, Shepherd disposed of 1,064 shares of Class B Common stock at a price of $48.69 to cover withholding obligations.
• Following these transactions, Shepherd directly owns 3,010 shares of Class B Common stock.
• Shepherd has granted power of attorney to Michael E. Carr, Jr., Mary E. Barrazotto, Nancie Oliver Mauffray, Laura H. Pulliam, and Mary C. Garris to handle SEC filings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive stock transactions, indicating a neutral sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects. Form 4 filings are a standard part of regulatory compliance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of shares.
• The transactions are part of the executive compensation plan, impacting the executive and potentially other employees with similar compensation structures.

Key Dates