Form 4: Former Brown-Forman Director Holland Reports Stock Transactions

Augusta Brown Holland, a former director of Brown-Forman Corp, reports a gift transaction involving Class B Common stock and updates beneficial ownership.

Summary

• Augusta Brown Holland, a former director of Brown-Forman Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On July 6, 2023, Holland engaged in a gift transaction, acquiring 12,776 shares of Class B Common stock.
• The reported transaction updated Holland's direct holdings to 691,537 shares of Class B Common stock.
• Holland also has indirect ownership through various trusts, including those for her spouse and children, as well as the Hebe Exempt Trust and the Holland Family Trust.
• The filing was signed on June 5, 2024, by Michael E. Carr, Jr., Attorney-in-Fact for Augusta Brown Holland.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates