Form 4: Brown-Forman Executive Crystal L. Peterson Reports Acquisition of Stock Appreciation Rights
SEC Form 4 Filing
Crystal L. Peterson, EVP, Chief Inclusion and Global Community Engagement at Brown-Forman, reports the acquisition of stock appreciation rights.
Summary
- Crystal L. Peterson, an executive at Brown-Forman Corporation, filed a Form 4 on July 29, 2024, reporting a transaction.
- On July 25, 2024, Peterson acquired 6,449 stock appreciation rights (SARs) at a price of $45.07.
- These SARs are exercisable from May 1, 2027, and expire on April 30, 2034.
- Following the transaction, Peterson directly owns 6,449 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider transaction reporting.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding executive compensation and ownership in Brown-Forman.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date of Power of Attorney execution |
| 07/25/2024 | Transaction date: Acquisition of stock appreciation rights |
| 05/01/2027 | Date stock appreciation rights become exercisable |
| 04/30/2034 | Expiration date of stock appreciation rights |
| 07/29/2024 | Date of Form 4 filing |
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