FolioLanternBeta
BF-BBrown–Forman · Insider ownership research

Brown–Forman insiders sold $1.5M in the past 12 months. How much of their stake is that?

About 0.3% overall. As a group they still hold 99.9% of their starting shares. The biggest individual seller, Lawson Whiting, gave up 87% of starting holdings.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 69 of the 416 other companies we can measure (#348 of 417)See ranking
0
buyers among officers and directors, past 12 months
100%
of sales were under disclosed trading plans, past 12 months
1 of 22
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

May 27, 202610 insiders had 24K shares ($632K) withheld by the company for taxes (not a market sale). That is between 6.3% and 38% of each person's total stake held that day (not shown for 1 person: the holdings on record that day are incomplete; why). 53K shares came in from vesting or option exercises the same day, so their combined holdings rose by 29K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Lawson Whiting
President & CEO, Director
16,494$26.7238%27KMay 27, 2026May 29, 2026
Marshall Farrer
Director
2,176$26.727.6%26KMay 27, 2026May 29, 2026
Jeremy Shepherd
EVP, Chief Marketing
1,357$26.7220%5.4KMay 27, 2026May 29, 2026
Timothy Nall
EVP, Chief Supp/Tech
1,065$26.726.3%16KMay 27, 2026May 29, 2026
Crystal Peterson
EVP, Chief Incl/Global Comm
616$26.7220%2.4KMay 27, 2026May 29, 2026
Christina Graven
EVP, Chief Strategy
607$25.9425%1.9KMay 27, 2026May 29, 2026
Diane Nguyen
EVP, Chief Ppl & Comm
597$25.9428%1.6KMay 27, 2026May 29, 2026
Michael Masick
EVP/Pres., Americas
276$25.94n/an/aMay 27, 2026May 29, 2026
Yiannis Pafilis
EVP, Pres., EU, Africa, Asia
272$26.2128%685May 27, 2026May 29, 2026
Michael Carr Jr.
EVP, General Counsel,Secretary
245$25.9419%1KMay 27, 2026May 29, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? More than usual: $1.5M sold, after almost none in the past 5 years. 1 insider sold; the average is 2 a year. Year by year
Latest filing: Filed May 29 for a tax withholding on May 27. Lawson Whiting had 16K shares withheld by the company for taxes. Filing
37 SEC ownership filings in the period · See the evidence

What stands out

Lawson Whiting sold 87% of vested holdings: 47K shares for $1.5M, all under a disclosed plan.Largest sale, Feb 12, 2026

Percentages cover 12 of 22 officers and directors. 10 are left out

i
Left out: Campbell Brown (most holdings were last confirmed in 2018); Marshall Farrer (most holdings were last confirmed in 2017); Michael Masick (holdings couldn't be fully reconciled); Michael Roney, Michael Todman, Tracy Skeans, Jan Singer, Mark Clouse, Elizabeth Smith and James Peters (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stake
Lawson Whiting
President & CEO, Director
87% · $1.5MDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $662K under a disclosed planDecJanFeb 2026: $804K under a disclosed plan$804KFebMarAprMayJunJulAugSepOct

Common questions

Is the Brown–Forman CEO selling stock?

Yes. Lawson Whiting sold 47K shares ($1.5M, 87% of starting holdings) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Brown–Forman insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any Brown–Forman insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Brown–Forman insiders sell?

About 0.3% overall. As a group they still hold 99.9% of their starting shares. The biggest individual seller, Lawson Whiting, gave up 87% of starting holdings. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Lawson Whiting
President & CEO, Director
$1.5M
47K shares
87%Disclosed plan
The full ownership picture21 of 22 insiders fully reconciled · 15 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
William Musselman Jr.
Director
12.78M012.78Mno sales
Vesting, gifts, unvested awards and holding lines for William Musselman Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
River Bend 2011 Charitable LPClass A Common2,289,0002,289,000
Hebe Four Limited PartnershipClass A Common1,329,2891,329,289
Olympus Four, LLCClass A Common868,631868,631
River Bend 2012 LPClass A Common826,428826,428
Revocable TrustClass A Common188,604188,604
IBB Fund B, LLCClass A Common143,558143,558
Hebe Exempt TrustClass A Common10,62410,624
Hebe Five Limited PartnershipClass B Common2,112,5882,112,588
Hebe Four Limited PartnershipClass B Common1,638,0411,638,041
Olympus Four, LLCClass B Common1,128,2141,128,214
IBB 2023, LLCClass B Common770,974770,974
IBB Fund B, LLCClass B Common525,052525,052
IBB 2020, LLCClass B Common439,887439,887
Revocable TrustClass B Common87,27987,279
River Bend 2012 LPClass B Common33,44833,448
Spouse Revocable TrustClass B Common7,3017,301
River Bend 2011 Charitable LPClass B Common5,8395,839
IBB 2023, LLCClass A Common379,650379,650
Campbell Brown
!
Most of this insider's holdings were last confirmed in 2018. Confirmed in the last three years: 2,766,768 shares. Not confirmed since: 3,965,909 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
2.77M02.77Msee note
Vesting, gifts, unvested awards and holding lines for Campbell Brown
0shares vested or exercised
0gifted (net of own trusts)
58K → 97Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass B Common180,863180,863
Brown Barker 2013 LLCClass B Common916,987916,987
2025 CLATClass B Common390,000390,000
CPBee Endowment 2018 LLCClass B Common299,326299,326
CPB 2010 #1 LLCClass B Common264,777264,777
GGB4 2013 TrustClass B Common220,090220,090
SCB 2020 LLCClass B Common191,850191,850
CPBee Charitable 2018 LLCClass B Common88,16688,166
CPBee Sale 2018 LLCClass B Common88,16688,166
CPB 2010 #2 LLCClass B Common60,54360,543
Trust FBO Geo Garvin Brown IV (Irrev)Class B Common35,62535,625
Trust FBO Campbell P. BrownClass B Common30,28530,285
Child #1Class B Common4545
Child #2Class B Common4545

Additional holdings last reported May 30, 2018, not confirmed since: 3,965,909 shares. Not included in any total or percentage on this page.

Elizabeth Brown
i
An owner entity could not be identified from the footnotes.
Director
701K0701Kno sales
Vesting, gifts, unvested awards and holding lines for Elizabeth Brown
0shares vested or exercised
0gifted (net of own trusts)
18K → 38Kunvested awards, start → end
  • An owner entity could not be identified from the footnotes.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass B Common17,09817,098
LLCClass B Common650,674650,674
Irrev Trust fbo childClass B Common12,69312,693
childClass B Common1,4731,473
SpouseClass B Common1,4101,410
Revocable TrustClass B Common17,53517,535
Lawson Whiting
President & CEO, Director
54K−47K27K50%
Vesting, gifts, unvested awards and holding lines for Lawson Whiting
0shares vested or exercised
0gifted (net of own trusts)
−16Kwithheld by the company for taxes
0 → 95Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common49,51326,913
DRIPClass A Common33
DirectClass B Common4,7872
DRIPClass B Common11
Marshall Farrer
!
Most of this insider's holdings were last confirmed in 2017. Confirmed in the last three years: 26,314 shares. Not confirmed since: 187,758 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
24K026Ksee note
Vesting, gifts, unvested awards and holding lines for Marshall Farrer
0shares vested or exercised
0gifted (net of own trusts)
−2.2Kwithheld by the company for taxes
5K → 17Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common2,2354,577
Child-1 TrustClass B Common1,3601,360
Child-2 TrustClass B Common1,3601,360
DirectClass B Common19,01719,017

Additional holdings last reported Apr 13, 2017, not confirmed since: 187,758 shares. Not included in any total or percentage on this page.

Timothy Nall
EVP, Chief Supp/Tech
14K016Kno sales
Vesting, gifts, unvested awards and holding lines for Timothy Nall
0shares vested or exercised
0gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
0 → 9.2Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common1,1053,050
Family TrustClass A Common3636
DirectClass B Common6,1586,158
401kClass B Common6,6576,657
Family TrustClass B Common99
Leanne Cunningham
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
EVP, Chief Financial Officer
7.4K07.4Kno sales
Vesting, gifts, unvested awards and holding lines for Leanne Cunningham
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common2,8252,825
ESPPClass A Common4,5904,590

Additional holdings last reported Jul 2, 2021, not confirmed since: 3,372 shares. Not included in any total or percentage on this page.

Jeremy Shepherd
EVP, Chief Marketing
3.7K05.4Kno sales
Vesting, gifts, unvested awards and holding lines for Jeremy Shepherd
0shares vested or exercised
0gifted (net of own trusts)
−1.4Kwithheld by the company for taxes
0 → 9.2Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common5572,210
DirectClass B Common3,1593,159
Crystal Peterson
EVP, Chief Incl/Global Comm
1.7K02.4Kno sales
Vesting, gifts, unvested awards and holding lines for Crystal Peterson
0shares vested or exercised
0gifted (net of own trusts)
−616withheld by the company for taxes
0 → 3.3Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common3501,101
DirectClass B Common1,3141,314
Michael Masick
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +45 shares on May 27, 2026 (Direct). See the filing Sales and other transactions for Michael Masick are complete.
EVP/Pres., Americas
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Masick
0shares vested or exercised
0gifted (net of own trusts)
−276withheld by the company for taxes
0 → 15Kunvested awards, start → end
  • New Form 3 filed 2024-07-11; earlier filings set aside.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +45 shares on May 27, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common278278
DirectClass B Common8841,264
Christina Graven
EVP, Chief Strategy
1.1K01.9Kno sales
Vesting, gifts, unvested awards and holding lines for Christina Graven
0shares vested or exercised
0gifted (net of own trusts)
−607withheld by the company for taxes
0 → 8.9Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass B Common1,1231,862
Diane Nguyen
EVP, Chief Ppl & Comm
81001.6Kno sales
Vesting, gifts, unvested awards and holding lines for Diane Nguyen
0shares vested or exercised
0gifted (net of own trusts)
−597withheld by the company for taxes
0 → 9.2Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DaughterClass A Common300300
SonClass A Common200200
ESPPClass A Common2020
DirectClass B Common2901,039
Michael Carr Jr.
i
Minor difference of 14 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.
EVP, General Counsel,Secretary
66101Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Carr Jr.
0shares vested or exercised
0gifted (net of own trusts)
−245withheld by the company for taxes
0 → 11Kunvested awards, start → end
  • Small increase from a 401(k) plan. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass B Common249615
401(k)Class B Common412426

Reconciliation: minor difference of 14 shares. Small increase from a 401(k) plan.

Angela Enyard
SVP, Chief Accounting Officer
62701.2Kno sales
Vesting, gifts, unvested awards and holding lines for Angela Enyard
+884shares vested or exercised
0gifted (net of own trusts)
−307withheld by the company for taxes
1.5K → 4.5Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass B Common6271,204
Yiannis Pafilis
EVP, Pres., EU, Africa, Asia
1770685no sales
Vesting, gifts, unvested awards and holding lines for Yiannis Pafilis
0shares vested or exercised
0gifted (net of own trusts)
−272withheld by the company for taxes
0 → 7.7Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectClass A Common0177
DirectClass B Common177508

21 of 22 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (20 exactly, 1 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 12 of 22 officers and directors. Left out: Campbell Brown (most holdings were last confirmed in 2018); Marshall Farrer (most holdings were last confirmed in 2017); Michael Masick (holdings couldn't be fully reconciled); Michael Roney, Michael Todman, Tracy Skeans, Jan Singer, Mark Clouse, Elizabeth Smith and James Peters (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$1.5M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $1.5M across 47,280 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Taxes

24,012 shares ($640K) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Lawson Whiting
President & CEO, Director
47K$1.5M100%100%Dec 4, 2025 to Feb 12, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$662K$662K$0$0
Jan 2026$0$0$0$0
Feb 2026$804K$804K$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: $1.5M sold, after almost none in the past 5 years. 1 insider sold; the average is 2 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
47K1$1.5M
Oct 9, 2025
1 year earlier
24K1$733K
Oct 9, 2024
2 years earlier
00$0
Oct 10, 2023
3 years earlier
3K3$200K
Oct 10, 2022
4 years earlier
00$0
Oct 10, 2021
5 years earlier
31K5$2.4M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Michael Masick: holdings couldn't be fully reconciled (difference of 45 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +45 shares on May 27, 2026 (Direct). Filing, May 27, 2026

Footnote: "These shares were issued on May 27, 2026, in connection with a July 27, 2023, award of performance-based restricted stock units. The award was subject to a three-year performance period, which ended April 30, 2026."

Michael Carr Jr.: minor difference of 14 shares. Small increase from a 401(k) plan.

Inferred rename: "GRAT (Grantor Trust)" is treated as the same holder as "GRAT (Grantor Trust) '94", because the old name was never reported again and the new one opened with the same balance (1,159,524 shares). Old name, new name

Inferred rename: "BHP Ltd Partnership" is treated as the same holder as "Breeze Hill Ltd Partnership", because the old name was never reported again and the new one opened with the same balance (600,096 shares). Old name, new name

Inferred rename: "Ltd Partnership" is treated as the same holder as "Longview Ltd", because the old name was never reported again and the new one opened with the same balance (299,892 shares). Old name, new name

Inferred rename: "Ltd Partnership PTP" is treated as the same holder as "Ltd Partnership Poplar Terr", because the old name was never reported again and the new one opened with the same balance (1,588,830 shares). Old name, new name

Inferred rename: "Trust/Partnership" is treated as the same holder as "GANYMO Trust/Partnership", because the old name was never reported again and the new one opened with the same balance (1,314,026 shares). Old name, new name

Inferred rename: "Trust/Remainder" is treated as the same holder as "WLLB B Trust/Remainder", because the old name was never reported again and the new one opened with the same balance (2,607,018 shares). Old name, new name

Inferred rename: "Partnership/Hebe" is treated as the same holder as "Hebe, LP", because the old name was never reported again and the new one opened with the same balance (1,050,000 shares). Old name, new name

Inferred rename: "Breeze Hill Ltd Partnership" is treated as the same holder as "Breeze Hill, LP", because the old name was never reported again and the new one opened with the same balance (600,096 shares). Old name, new name

Inferred rename: "Longview Ltd" is treated as the same holder as "Longview, LP", because the old name was never reported again and the new one opened with the same balance (299,892 shares). Old name, new name

Inferred rename: "Ltd Partnership Poplar Terr" is treated as the same holder as "Poplar Terrace, LP", because the old name was never reported again and the new one opened with the same balance (1,588,830 shares). Old name, new name

Inferred rename: "GB Ltd Ptn" is treated as the same holder as "Guilford-Brown, LP", because the old name was never reported again and the new one opened with the same balance (5,977 shares). Old name, new name

Inferred rename: "Partnership/Nectar" is treated as the same holder as "Nectar, LP", because the old name was never reported again and the new one opened with the same balance (11,367 shares). Old name, new name

Inferred rename: "Longview Ltd Ptn" is treated as the same holder as "Longview, LP", because the old name was never reported again and the new one opened with the same balance (3,906 shares). Old name, new name

Inferred rename: "GRAT (Grantor Trust) '94" is treated as the same holder as "GRAT 1994", because the old name was never reported again and the new one opened with the same balance (1,009,551 shares). Old name, new name

Inferred rename: "GRAT 12/01" is treated as the same holder as "GRAT 2001", because the old name was never reported again and the new one opened with the same balance (68,874 shares). Old name, new name

Inferred rename: "Trust/Partnership" is treated as the same holder as "GANYMO Trust/Partnership", because the old name was never reported again and the new one opened with the same balance (1,314,026 shares). Old name, new name

Inferred rename: "Partnership/Hebe" is treated as the same holder as "Hebe, LP", because the old name was never reported again and the new one opened with the same balance (1,050,000 shares). Old name, new name

Inferred rename: "Trust/Remainder" is treated as the same holder as "Olympus One, LLC", because the old name was never reported again and the new one opened with the same balance (6,110,084 shares). Old name, new name

Inferred rename: "GRAT (Grantor trust)" is treated as the same holder as "WLLB GRAT (Grantor trust)", because the old name was never reported again and the new one opened with the same balance (1,790,361 shares). Old name, new name

Inferred rename: "Trust Partnership" is treated as the same holder as "GANYO Trust Partnership", because the old name was never reported again and the new one opened with the same balance (1,314,026 shares). Old name, new name

Inferred rename: "Partnership/Hebe" is treated as the same holder as "Hebe, LP", because the old name was never reported again and the new one opened with the same balance (1,050,000 shares). Old name, new name

Inferred rename: "Partnership/Nectar" is treated as the same holder as "Nectar LP", because the old name was never reported again and the new one opened with the same balance (11,367 shares). Old name, new name

Inferred rename: "Trust/Remainder" is treated as the same holder as "Log House Partners Ltd", because the old name was never reported again and the new one opened with the same balance (8,649,156 shares). Old name, new name

Inferred rename: "George Garvin Brown III Trust" is treated as the same holder as "George Garvin Brown III Trust UW", because the old name was never reported again and the new one opened with the same balance (8,993,232 shares). Old name, new name

Inferred rename: "GGB4 2012 LLC" is treated as the same holder as "GGB4 2012 LP", because the old name was never reported again and the new one opened with the same balance (1,206,464 shares). Old name, new name

Inferred rename: "Spouse" is treated as the same holder as "Spouse's trust", because the old name was never reported again and the new one opened with the same balance (8,292 shares). Old name, new name

Inferred rename: "GGB4 2010#1 LLC" is treated as the same holder as "GGB4 2010 #1 LP", because the old name was never reported again and the new one opened with the same balance (1,059,108 shares). Old name, new name

Inferred rename: "UTMA f/b/o Sara S. Brown" is treated as the same holder as "UTMA f/b/o Child", because the old name was never reported again and the new one opened with the same balance (16,524 shares). Old name, new name

Inferred rename: "Trust f/b/o Children" is treated as the same holder as "Trust fbo Children", because the old name was never reported again and the new one opened with the same balance (4,500 shares). Old name, new name

Inferred rename: "UTMA f/b/o Child" is treated as the same holder as "UTMA f/b/o Child-2", because the old name was never reported again and the new one opened with the same balance (2,384 shares). Old name, new name

Inferred rename: "Catilin Joy UTMA" is treated as the same holder as "Caitlin Joy UTMA", because the old name was never reported again and the new one opened with the same balance (11,844 shares). Old name, new name

Inferred rename: "Trust FBO Child" is treated as the same holder as "Trust fbo Child-1", because the old name was never reported again and the new one opened with the same balance (90 shares). Old name, new name

Inferred rename: "Trust fbo child" is treated as the same holder as "Trust fbo Child-2", because the old name was never reported again and the new one opened with the same balance (4,512 shares). Old name, new name

Inferred rename: "Trust fbo Owsley Brown III" is treated as the same holder as "OB3 GST Exempt Trust", because the old name was never reported again and the new one opened with the same balance (33,692 shares). Old name, new name

Inferred rename: "GST Non-Exempt QTIP Trust" is treated as the same holder as "OB2 Marital Trust", because the old name was never reported again and the new one opened with the same balance (403,472 shares). Old name, new name

Inferred rename: "GST Exempt QTIP Trust" is treated as the same holder as "OB2 Reverse QTIP Trust", because the old name was never reported again and the new one opened with the same balance (102,880 shares). Old name, new name

Inferred rename: "CLB Trust fbo Cora Holland" is treated as the same holder as "CLB Trust fbo Child-1", because the old name was never reported again and the new one opened with the same balance (22,668 shares). Old name, new name

Inferred rename: "Trust fbo Child-2" is treated as the same holder as "Trust fbo Child-3", because the old name was never reported again and the new one opened with the same balance (1,494 shares). Old name, new name

Inferred rename: "Owsley Brown II IRA" is treated as the same holder as "Christina Brown IRA", because the old name was never reported again and the new one opened with the same balance (3,960 shares). Old name, new name

Inferred rename: "Trust fbo child" is treated as the same holder as "Trust fbo Child-2", because the old name was never reported again and the new one opened with the same balance (17,036 shares). Old name, new name

Inferred rename: "UTMA" is treated as the same holder as "UTMA-2", because the old name was never reported again and the new one opened with the same balance (1,124 shares). Old name, new name

Inferred rename: "Trust fbo OB3" is treated as the same holder as "OB3 GST Exempt Trust", because the old name was never reported again and the new one opened with the same balance (190,970 shares). Old name, new name

Inferred rename: "GST Exempt QTIP Trust" is treated as the same holder as "OB2 Reverse QTIP Trust", because the old name was never reported again and the new one opened with the same balance (102,880 shares). Old name, new name

Inferred rename: "GST Non-Exempt QTIP Trust" is treated as the same holder as "OB2 Marital Trust", because the old name was never reported again and the new one opened with the same balance (403,472 shares). Old name, new name

Inferred rename: "CLB Trust fbo Charles Barzun" is treated as the same holder as "CLB Trust fbo Child-1", because the old name was never reported again and the new one opened with the same balance (23,498 shares). Old name, new name

Inferred rename: "Hebe Limited Partnership" is treated as the same holder as "Hebe Three Limited Partnership", because the old name was never reported again and the new one opened with the same balance (633,674 shares). Old name, new name

Inferred rename: "Hebe Tr fbo Owsley Brown III" is treated as the same holder as "Hebe Trust fbo Owsley Brown III", because the old name was never reported again and the new one opened with the same balance (128,150 shares). Old name, new name

Inferred rename: "Trust fbo child" is treated as the same holder as "Trust fbo Child-1", because the old name was never reported again and the new one opened with the same balance (20,324 shares). Old name, new name

Inferred rename: "c/f child" is treated as the same holder as "c/f Child-1", because the old name was never reported again and the new one opened with the same balance (1,124 shares). Old name, new name

Inferred rename: "GST Non-Exempt QTIP Trust" is treated as the same holder as "OB2 Marital Trust", because the old name was never reported again and the new one opened with the same balance (403,472 shares). Old name, new name

Inferred rename: "GST Exempt QTIP Trust" is treated as the same holder as "OB2 Reverse QTIP Trust", because the old name was never reported again and the new one opened with the same balance (102,880 shares). Old name, new name

Inferred rename: "CLB Trust fbo Catalina Brown" is treated as the same holder as "CLB Trust fbo Child-3", because the old name was never reported again and the new one opened with the same balance (24,254 shares). Old name, new name

Inferred rename: "CLB Trust fbo Chiara Brown" is treated as the same holder as "CLB Trust fbo Child-2", because the old name was never reported again and the new one opened with the same balance (20,640 shares). Old name, new name

Inferred rename: "CLB Trust fbo William Brown" is treated as the same holder as "CLB Trust fbo Child-1", because the old name was never reported again and the new one opened with the same balance (20,544 shares). Old name, new name

Inferred typo: the share class "Class A. Common" is treated as the same class as "Class A Common" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Paul Varga, 444 shares): old title, new title

Inferred typo: the share class "Class B Comon" is treated as the same class as "Class B Common" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (James Welch Jr., 56,301 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,771 filings from SEC EDGAR, and how we read them

All 1,771 Forms 3, 4 and 5 filed for Brown–Forman (SEC CIK 14693) from Oct 16, 2002 to Jul 24, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 1 filing was left out because Brown–Forman filed them as an owner of another company's stock. 37 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Apr 7, 2004 (first filing that shows post-split balances). Splits aren't reported as transactions; 37 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 3-for-2 stock split on or before Aug 14, 2012 (first filing that shows post-split balances). Splits aren't reported as transactions; 169 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Aug 23, 2016 (split date stated in a footnote). Splits aren't reported as transactions; 179 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (60)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Kirsten HawleyJul 29, 202423,153 shares, last reported balance as of Jun 3, 2024
Kelli BrownJul 29, 20242,811 shares, last reported balance as of Jun 3, 2024
Matias BentelJul 29, 20244,940 shares, last reported balance as of Jun 3, 2024
Stuart BrownJul 5, 202420,850,009 shares, last reported balance as of Jul 2, 2024
Augusta HollandJun 5, 202432,258,509 shares, last reported balance as of Jul 11, 2023
Thomas HinrichsJun 5, 202422,525 shares, last reported balance as of Jun 3, 2024
Matthew HamelMay 2, 2024246,422 shares, last reported balance as of Apr 30, 2024
John CookAug 1, 202231,045 shares, last reported balance as of Jan 9, 2020
John HayesAug 1, 202281,396 shares, last reported balance as of Jun 1, 2022
Ralph de ChabertJun 3, 20228,501 shares, last reported balance as of Jun 1, 2022
Chavanne BousquetJul 26, 202160,415 shares, last reported balance as of Sep 9, 2020
Alejandro AlvarezJul 26, 202111,666 shares, last reported balance as of Jun 1, 2021
Kathleen GutmannJul 26, 2021No balance on record
Jane MorreauJun 3, 202167,103 shares, last reported balance as of Jun 1, 2021
George Brown IVJun 3, 202123,057,555 shares, last reported balance as of Dec 16, 2020
Mark McCallumSep 13, 201982,293 shares, last reported balance as of Sep 12, 2019
Bruce ByrnesJul 29, 2019No balance on record
Paul VargaJun 11, 2019989,772 shares, last reported balance as of Jun 10, 2019
Laura FrazierJun 5, 201927,620,538 shares, last reported balance as of Sep 13, 2018
Mike KeyesJun 5, 201928,321 shares, last reported balance as of Dec 31, 2018
Brian FitzgeraldJul 30, 20187,522 shares, last reported balance as of Apr 30, 2018
Lisa SteinerJul 30, 201822,526 shares, last reported balance as of Jun 1, 2018
Wolf Pen Branch, LPMar 30, 201842,000,000 shares, last reported balance as of Mar 23, 2017
Jill JonesJul 31, 2017101,335 shares, last reported balance as of Jun 1, 2017
McCauley BrownMar 28, 20173,469,793 shares, last reported balance as of Jan 3, 2017
Christina BrownMar 21, 201729,951,276 shares, last reported balance as of Mar 17, 2017
Brooke BarzunMar 21, 201730,525,764 shares, last reported balance as of Mar 17, 2017
Owsley Brown IIIMar 21, 201734,837,087 shares, last reported balance as of Mar 17, 2017
James Welch Jr.Jun 24, 2016144,576 shares, last reported balance as of Jun 23, 2016
Sandra FrazierMay 3, 201613,538,999 shares, last reported balance as of Apr 29, 2016
Martin Brown Jr.Apr 15, 201615,562,794 shares, last reported balance as of Apr 14, 2016
Joan AmbleMar 31, 20166,000 shares, last reported balance as of Jul 23, 2015
Catherine JoySep 18, 201528,678,433 shares, last reported balance as of Sep 16, 2015
Dace StubbsMar 11, 201526,689,733 shares, last reported balance as of Mar 9, 2015
Donald BergJun 26, 2014133,292 shares, last reported balance as of Oct 14, 2013
Frazier BrownOct 25, 201330,017,042 shares, last reported balance as of Oct 23, 2013
Amelia Brown Frazier Trust u/a f/b/o Owsley Brown FrazierJul 5, 2013No balance on record
John SirchioDec 27, 20123,390 shares, last reported balance as of Dec 24, 2012
William MitchellJul 30, 20123,750 shares, last reported balance as of Jul 26, 2012
Ina BondJul 18, 201270,934,057 shares, last reported balance as of Jul 13, 2012
Owsley Brown IIApr 24, 201261,572,592 shares, last reported balance as of Jul 26, 2011
Owsley Brown Frazier 2011 Irrevocable Trust #1Dec 6, 20116,908,499 shares, last reported balance as of Nov 25, 2011
Richard MayerOct 12, 201163,756 shares, last reported balance as of Jul 28, 2011
William StreetJul 6, 20115,890,371 shares, last reported balance as of Jul 1, 2011
Owsley Brown Frazier TrustJul 7, 201023,663,181 shares, last reported balance as of Jul 2, 2010
James BareutherMay 5, 2009161,361 shares, last reported balance as of May 1, 2009
Donald CalderDec 22, 200894,500 shares, last reported balance as of Dec 18, 2008
Donald CalderDec 22, 20087,500 shares, last reported balance as of Dec 18, 2008
Matthew SimmonsJul 28, 200848,105 shares, last reported balance as of Jul 24, 2008
Barry BramleyJul 28, 200817,652 shares, last reported balance as of Jul 24, 2008
Lyons Brown Jr.Jul 8, 200815,844,242 shares, last reported balance as of Jul 8, 2008
Phoebe WoodMay 1, 200831,107 shares, last reported balance as of Apr 30, 2008
Michael CrutcherJun 5, 2007119,922 shares, last reported balance as of Jun 1, 2007
Stephen OneilMar 22, 2007No balance on record
Stephen OneilMar 22, 20073,000 shares, last reported balance as of Mar 20, 2007
George Brown IIIMar 16, 200613,447,224 shares, last reported balance as of Mar 14, 2006
James HanauerOct 19, 20054,347 shares, last reported balance as of Oct 18, 2005
Stanley KrangelJul 28, 2003No balance on record
Lawrence ProbusNo balance on record
Lois MateusNo balance on record

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