Brown-Forman board approves $400M share repurchase program through Oct 2026

BROWN FORMAN CORP

Board approved $400M share repurchase authorization from Oct 1, 2025 to Oct 1, 2026.
Repurchases may be made via open market, block trades, Rule 10b5-1 plans, or private transactions.
Company is not obligated to repurchase any minimum number of shares; program may be suspended or terminated anytime.
CEO Lawson Whiting cited strong cash flow and commitment to returning capital while maintaining growth investment flexibility.

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