[8-K] Regal Rexnord Corporation Reports Material Event
On 07/24/2025 Brown-Forman (BFA/BFB) EVP & Chief Supply/Technology Officer Timothy M. Nall filed a Form 4 reporting the grant of 28,418 Stock Appreciation Rights (SARs) tied to Class B common shares at an exercise price of $31.15. The award becomes exercisable on 05/01/2028 and expires on 04/30/2035. Following the transaction, Nall directly owns 28,418 derivative securities. No open-market purchases or sales of Brown-Forman stock were disclosed, indicating the filing reflects a routine equity-based compensation grant rather than a change in ownership position.
Il 24/07/2025, Timothy M. Nall, EVP e Chief Supply/Technology Officer di Brown-Forman (BFA/BFB), ha presentato un Modulo 4 segnalando la concessione di 28.418 Stock Appreciation Rights (SAR) legati alle azioni ordinarie di Classe B, con un prezzo di esercizio di 31,15 dollari. Il premio sar脿 esercitabile dal 01/05/2028 e scadr脿 il 30/04/2035. A seguito dell'operazione, Nall detiene direttamente 28.418 titoli derivati. Non sono state comunicate operazioni di acquisto o vendita sul mercato aperto delle azioni Brown-Forman, indicando che la segnalazione riguarda una normale concessione di compensi basati su azioni e non un cambiamento nella posizione azionaria.
El 24/07/2025, Timothy M. Nall, EVP y Director de Suministro/Tecnolog铆a de Brown-Forman (BFA/BFB), present贸 un Formulario 4 reportando la concesi贸n de 28,418 Derechos de Apreciaci贸n de Acciones (SAR) vinculados a acciones comunes Clase B con un precio de ejercicio de $31.15. La concesi贸n ser谩 ejercitable a partir del 01/05/2028 y expirar谩 el 30/04/2035. Tras la transacci贸n, Nall posee directamente 28,418 valores derivados. No se divulgaron compras o ventas en el mercado abierto de acciones de Brown-Forman, lo que indica que el reporte refleja una concesi贸n rutinaria de compensaci贸n basada en acciones y no un cambio en la posici贸n de propiedad.
2025雲� 7鞗� 24鞚�, Brown-Forman(BFA/BFB)鞚� EVP 瓴� 斓滉碃 瓿店笁/旮办垹 毂呾瀯鞛愳澑 Timothy M. Nall鞚� 韥措灅鞀� B 氤错喌欤检檧 鞐瓣硠霅� 28,418欤检潣 欤检嫕 臧�旃� 靸侅姽 甓岆Μ(SAR) 攵�鞐�毳� 氤搓碃頃橂姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 頄夓偓臧�瓴╈潃 31.15雼煬鞚措┌, 鞚� 甓岆Μ電� 2028雲� 5鞗� 1鞚茧秬韯� 頄夓偓 臧�電ロ晿瓿� 2035雲� 4鞗� 30鞚检棎 毵岆霅╇媹雼�. 瓯半灅 頉� Nall鞚� 歆侅爲 28,418臧滌潣 韺岇儩 歃濌秾鞚� 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�. Brown-Forman 欤检嫕鞚� 瓿店皽 鞁滌灔 毵るГ電� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞚措姅 靻岇湢 歆�攵� 氤�頇旉皜 鞎勲媽 鞚检儊鞝侅澑 欤检嫕 旮半皹 氤挫儊 攵�鞐瀯鞚� 雮橅儉雰呺媹雼�.
Le 24/07/2025, Timothy M. Nall, EVP et Directeur principal des op茅rations d'approvisionnement/technologie chez Brown-Forman (BFA/BFB), a d茅pos茅 un formulaire 4 signalant l'octroi de 28 418 Stock Appreciation Rights (SAR) li茅s aux actions ordinaires de classe B 脿 un prix d'exercice de 31,15 $. Cette attribution devient exer莽able 脿 partir du 01/05/2028 et expire le 30/04/2035. Apr猫s cette op茅ration, Nall d茅tient directement 28 418 titres d茅riv茅s. Aucun achat ou vente sur le march茅 ouvert des actions Brown-Forman n鈥檃 茅t茅 divulgu茅, ce qui indique que le d茅p么t refl猫te une attribution de r茅mun茅ration en actions de routine et non un changement de position de propri茅t茅.
Am 24.07.2025 reichte Timothy M. Nall, EVP und Chief Supply/Technology Officer von Brown-Forman (BFA/BFB), ein Formular 4 ein, in dem die Gew盲hrung von 28.418 Stock Appreciation Rights (SARs) auf Stammaktien der Klasse B zu einem Aus眉bungspreis von 31,15 USD gemeldet wurde. Die Aus眉bung ist ab dem 01.05.2028 m枚glich und l盲uft am 30.04.2035 ab. Nach der Transaktion besitzt Nall direkt 28.418 derivative Wertpapiere. Keine K盲ufe oder Verk盲ufe von Brown-Forman-Aktien am offenen Markt wurden offengelegt, was darauf hinweist, dass die Meldung eine routinem盲脽ige aktienbasierte Verg眉tung darstellt und keine 脛nderung der Eigentumsposition.
- None.
- None.
Insights
TL;DR: Routine SAR grant; aligns executive incentives, immaterial to BF valuation.
The filing documents a standard long-term incentive award. SARs link Nall鈥檚 compensation to share price appreciation without immediate share dilution. Quantity (28,418) and strike ($31.15) are modest relative to Brown-Forman鈥檚 ~480 m diluted shares outstanding, so the grant has negligible EPS impact. No buy/sell signals emerge; therefore, the event is neutral for investors.
TL;DR: Neutral governance impact; transparent reporting of executive award.
Brown-Forman continues to disclose insider transactions promptly, reflecting good governance practice. Grant terms (3-year cliff before exercisable, seven-year exercise window) promote retention and long-term value creation. Because this is compensation, not a market transaction, it should not influence near-term stock performance.
Il 24/07/2025, Timothy M. Nall, EVP e Chief Supply/Technology Officer di Brown-Forman (BFA/BFB), ha presentato un Modulo 4 segnalando la concessione di 28.418 Stock Appreciation Rights (SAR) legati alle azioni ordinarie di Classe B, con un prezzo di esercizio di 31,15 dollari. Il premio sar脿 esercitabile dal 01/05/2028 e scadr脿 il 30/04/2035. A seguito dell'operazione, Nall detiene direttamente 28.418 titoli derivati. Non sono state comunicate operazioni di acquisto o vendita sul mercato aperto delle azioni Brown-Forman, indicando che la segnalazione riguarda una normale concessione di compensi basati su azioni e non un cambiamento nella posizione azionaria.
El 24/07/2025, Timothy M. Nall, EVP y Director de Suministro/Tecnolog铆a de Brown-Forman (BFA/BFB), present贸 un Formulario 4 reportando la concesi贸n de 28,418 Derechos de Apreciaci贸n de Acciones (SAR) vinculados a acciones comunes Clase B con un precio de ejercicio de $31.15. La concesi贸n ser谩 ejercitable a partir del 01/05/2028 y expirar谩 el 30/04/2035. Tras la transacci贸n, Nall posee directamente 28,418 valores derivados. No se divulgaron compras o ventas en el mercado abierto de acciones de Brown-Forman, lo que indica que el reporte refleja una concesi贸n rutinaria de compensaci贸n basada en acciones y no un cambio en la posici贸n de propiedad.
2025雲� 7鞗� 24鞚�, Brown-Forman(BFA/BFB)鞚� EVP 瓴� 斓滉碃 瓿店笁/旮办垹 毂呾瀯鞛愳澑 Timothy M. Nall鞚� 韥措灅鞀� B 氤错喌欤检檧 鞐瓣硠霅� 28,418欤检潣 欤检嫕 臧�旃� 靸侅姽 甓岆Μ(SAR) 攵�鞐�毳� 氤搓碃頃橂姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 頄夓偓臧�瓴╈潃 31.15雼煬鞚措┌, 鞚� 甓岆Μ電� 2028雲� 5鞗� 1鞚茧秬韯� 頄夓偓 臧�電ロ晿瓿� 2035雲� 4鞗� 30鞚检棎 毵岆霅╇媹雼�. 瓯半灅 頉� Nall鞚� 歆侅爲 28,418臧滌潣 韺岇儩 歃濌秾鞚� 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�. Brown-Forman 欤检嫕鞚� 瓿店皽 鞁滌灔 毵るГ電� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞚措姅 靻岇湢 歆�攵� 氤�頇旉皜 鞎勲媽 鞚检儊鞝侅澑 欤检嫕 旮半皹 氤挫儊 攵�鞐瀯鞚� 雮橅儉雰呺媹雼�.
Le 24/07/2025, Timothy M. Nall, EVP et Directeur principal des op茅rations d'approvisionnement/technologie chez Brown-Forman (BFA/BFB), a d茅pos茅 un formulaire 4 signalant l'octroi de 28 418 Stock Appreciation Rights (SAR) li茅s aux actions ordinaires de classe B 脿 un prix d'exercice de 31,15 $. Cette attribution devient exer莽able 脿 partir du 01/05/2028 et expire le 30/04/2035. Apr猫s cette op茅ration, Nall d茅tient directement 28 418 titres d茅riv茅s. Aucun achat ou vente sur le march茅 ouvert des actions Brown-Forman n鈥檃 茅t茅 divulgu茅, ce qui indique que le d茅p么t refl猫te une attribution de r茅mun茅ration en actions de routine et non un changement de position de propri茅t茅.
Am 24.07.2025 reichte Timothy M. Nall, EVP und Chief Supply/Technology Officer von Brown-Forman (BFA/BFB), ein Formular 4 ein, in dem die Gew盲hrung von 28.418 Stock Appreciation Rights (SARs) auf Stammaktien der Klasse B zu einem Aus眉bungspreis von 31,15 USD gemeldet wurde. Die Aus眉bung ist ab dem 01.05.2028 m枚glich und l盲uft am 30.04.2035 ab. Nach der Transaktion besitzt Nall direkt 28.418 derivative Wertpapiere. Keine K盲ufe oder Verk盲ufe von Brown-Forman-Aktien am offenen Markt wurden offengelegt, was darauf hinweist, dass die Meldung eine routinem盲脽ige aktienbasierte Verg眉tung darstellt und keine 脛nderung der Eigentumsposition.
