Brown-Forman authorizes $400M share repurchase program through Oct 2024

BROWN FORMAN CORP

$400M share repurchase authorization for Class A and B common stock.
Program runs Oct 2, 2023 through Oct 1, 2024, subject to market conditions.
Repurchases may be made via open market, block trades, Rule 10b5-1 plans, or private transactions.
No minimum repurchase obligation; program may be modified, suspended, or terminated at any time.
CEO Lawson Whiting cites confidence in long-term brand portfolio despite uncertain market conditions.

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