Form 4: Brown-Forman EVP Matthew Hamel Reports Share Transactions and Power of Attorney

Executive Vice President and General Counsel of Brown-Forman, Matthew Hamel, reports transactions involving Class A and Class B common stock and grants a power of attorney for SEC filings.

Summary

• Matthew Hamel, EVP and General Counsel of Brown-Forman, filed a Form 4 detailing changes in beneficial ownership of company stock.
• On April 2, 2024, Hamel exchanged Class A and Class B shares for other assets held by a Spouse Trust.
• The transactions involved 3,602 Class A Common shares at $52.22 and 17,305 Class B Common shares at $50.92.
• Hamel also reported acquisitions of shares through dividend reinvestment plans, employee stock purchase programs, and a 401(k) plan.
• Additionally, Hamel granted a power of attorney authorizing Michael E. Carr, Jr., Mary E. Barrazotto, Nancie Oliver Mauffray, Laura H. Pulliam, and Mary C. Garris to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and grants a power of attorney, without expressing any particular sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for executives of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.

Related Party Transactions

• The exchange of shares with the Spouse Trust is a related party transaction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The power of attorney ensures continued compliance with SEC reporting requirements.

Key Dates