Lawson E. Whiting

President and Chief Executive Officer at BROWN FORMAN

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

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 Name	Amount	Payment Schedule	Additional Details
Base Salary and Holiday Bonus	$1,250,040	Fiscal 2024 Annual	Includes base salary and holiday bonus based on tenure
Pension & Deferred Compensation	$1,145,802	Fiscal 2024 Annual	Comprises Qualified Pension Plan change ($(7,876)) and Non-Qualified Deferred Earnings ($1,153,678)
All Other Compensation	$108,986	Fiscal 2024 Annual	Includes 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)

Metric	Value	Additional Details
Threshold	$0	Minimum operating income threshold
Target	$1,600,000	Cash payout target
Maximum	$3,200,000	Cap at 200% of target
Evaluation Period	May 1, 2023 - April 30, 2024	One-year performance period
Payment Schedule	Annual cash payout post evaluation

Performance-Based Restricted Stock Units (PBRSUs)

Metric	Value	Additional Details
Threshold Payout	50%	Represents 50% of the target payout
Target Payout	100% (62,243 shares)	Base target payout in share quantity
Maximum Payout	150% (93,365 shares)	Maximum cap on payout in share quantity
Vesting Date	June 1, 2026	Vests after a three-year performance period (Fiscal 2024-2026)
Performance Period	Fiscal 2024-2026	Three-year period over which performance is measured
Grant Date	July 27, 2023	Date of grant
Grant Date Fair Value	$4,765,947	Total fair value of the PBRSU award
Adjustment Note	N/A	Payout adjusted for dividends in the second and third years

Stock-Settled Stock Appreciation Rights (SSAR)

Metric	Value	Additional Details
Number of SSARs	101,906	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 Date	May 1, 2026	SSARs become exercisable on this date
Expiration Date	April 30, 2033	Seven fiscal years after vesting
Performance Condition	Stock price appreciation	No additional operating metrics; based solely on stock performance