BF-A.NYSEBrown Forman CORP

Form 4: Brown-Forman Executive Acquires and Disposes of Class B Common Stock to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

📋All filings for Brown Forman CORP
🔒Login to Follow

Yiannis Pafilis, EVP and President of Europe at Brown-Forman, acquired 188 shares of Class B Common Stock and disposed of 110 shares to cover withholding obligations related to a performance-based restricted stock unit award.

Summary

  • On June 3, 2024, Yiannis Pafilis, an executive at Brown-Forman, acquired 188 shares of Class B Common Stock related to a performance-based restricted stock unit award from July 22, 2021.
  • The performance period for the award concluded on April 30, 2024.
  • To satisfy withholding obligations associated with the award, Pafilis surrendered 110 shares of Class B Common Stock at a price of $47.85 per share.
  • Following these transactions, Pafilis directly owns 78 shares of Class B Common Stock.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of granting stock-based compensation and managing tax obligations associated with it.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.

Key Dates

DateDescription
07/22/2021Date of the performance-based restricted stock unit award.
04/30/2024End date of the three-year performance period for the restricted stock units.
06/03/2024Date of the stock acquisition and disposal transactions.
06/05/2024Date of the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.