Sign in

    Lawson E. Whiting

    President and Chief Executive Officer at BROWN FORMAN CORP
    Board
    Since January 2019
    Age
    55 years
    Tenure
    Has served as President and Chief Executive Officer since January 2019, leading BF-A's strategy and compliance initiatives.

    Also at BROWN FORMAN CORP

    ASE
    Angela S. Enyard
    Senior Vice President, Chief Accounting Officer
    MEC
    Michael E. Carr
    Executive Vice President, General Counsel, and Corporate Secretary

    About

    Lawson E. Whiting is the current President and Chief Executive Officer at BF-A, having assumed the role in January 2019.

    In his role, he oversees financial reporting, strategic growth, and compliance, including the signing of multiple certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002.

    Limited personal background information is available, but his documented leadership and commitment to BF-A's strategies underscore his significant contributions to the organization.

    $BF-A Performance Under Lawson E. Whiting

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary and Holiday Bonus$1,250,040Fiscal 2024 AnnualIncludes base salary and holiday bonus based on tenure
    Pension & Deferred Compensation$1,145,802Fiscal 2024 AnnualComprises Qualified Pension Plan change ($(7,876)) and Non-Qualified Deferred Earnings ($1,153,678)
    All Other Compensation$108,986Fiscal 2024 AnnualIncludes 401(k) matching ($15,000), life insurance ($2,496), car lease ($17,422), and other benefits ($74,068)

    Performance Compensation

    Data from  FY 2024

    Short-Term Incentive Compensation (STC)

    MetricValueAdditional Details
    Threshold$0 Minimum operating income threshold
    Target$1,600,000 Cash payout target
    Maximum$3,200,000 Cap at 200% of target
    Evaluation PeriodMay 1, 2023 - April 30, 2024 One-year performance period
    Payment ScheduleAnnual cash payout post evaluation

    Performance-Based Restricted Stock Units (PBRSUs)

    MetricValueAdditional Details
    Threshold Payout50% Represents 50% of the target payout
    Target Payout100% (62,243 shares) Base target payout in share quantity
    Maximum Payout150% (93,365 shares) Maximum cap on payout in share quantity
    Vesting DateJune 1, 2026 Vests after a three-year performance period (Fiscal 2024-2026)
    Performance PeriodFiscal 2024-2026 Three-year period over which performance is measured
    Grant DateJuly 27, 2023 Date of grant
    Grant Date Fair Value$4,765,947 Total fair value of the PBRSU award
    Adjustment NoteN/APayout adjusted for dividends in the second and third years

    Stock-Settled Stock Appreciation Rights (SSAR)

    MetricValueAdditional Details
    Number of SSARs101,906 Total number of SSAR units awarded
    Exercise Price$69.87 Based on the closing price of Class B common stock on the grant date
    Grant Date Fair Value$2,216,456 Total fair value of the SSAR award
    Valuation per SSAR$21.69 Determined using the Black-Scholes pricing model
    Vesting DateMay 1, 2026 SSARs become exercisable on this date
    Expiration DateApril 30, 2033 Seven fiscal years after vesting
    Performance ConditionStock price appreciation No additional operating metrics; based solely on stock performance