Form 4: Brown-Forman Executive Acquires Stock Appreciation Rights
SEC Filing
Yiannis Pafilis, EVP and President of Europe at Brown-Forman, acquired stock appreciation rights on April 25, 2024.
Summary
- Yiannis Pafilis, an Executive Vice President and President of Europe at Brown-Forman Corp, filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on April 25, 2024.
- Pafilis acquired 813 stock appreciation rights at a price of $48.11.
- These rights are exercisable from May 1, 2026, and expire on April 30, 2033.
- The underlying security for these derivative securities is 813 shares of Class B Common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures of insider transactions and are a normal part of corporate governance and regulatory compliance.
Stakeholder Impact
- The acquisition of stock appreciation rights aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: Yiannis Pafilis acquired stock appreciation rights. |
| 04/26/2024 | Date of filing: Form 4 filing date. |
| 05/01/2026 | Date exercisable: Stock appreciation rights become exercisable. |
| 04/30/2033 | Expiration date: Stock appreciation rights expire. |
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