Form 4: Brown-Forman Executive Acquires Stock Appreciation Rights
SEC Form 4 Filing
Timothy M. Nall, EVP, Chief Supply Chain and Technology Officer at Brown-Forman Corp, acquired 16,149 Stock Appreciation Rights (SARs) on July 25, 2024.
Summary
- On July 25, 2024, Timothy M. Nall, an executive at Brown-Forman Corp, acquired 16,149 Stock Appreciation Rights (SARs).
- The exercise price of these SARs is $45.07.
- The SARs become exercisable on May 1, 2027, and expire on April 30, 2034.
- Nancie Oliver Mauffray, Attorney in Fact, signed the report on July 29, 2024, on behalf of Timothy M. Nall.
- Nall also has granted power of attorney to several individuals to handle SEC filings related to Brown-Forman securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Brown-Forman. It provides transparency into the compensation and equity ownership of company executives.
Stakeholder Impact
- The acquisition of stock appreciation rights aligns executive interests with shareholder value, as the value of the rights increases with the company's stock price.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of Power of Attorney execution |
| 07/25/2024 | Date of transaction (acquisition of Stock Appreciation Rights) |
| 07/29/2024 | Date of Form 4 filing |
| 05/01/2027 | Date Stock Appreciation Rights become exercisable |
| 04/30/2034 | Expiration date of Stock Appreciation Rights |
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