Brown-Forman adopts executive change-in-control severance plan effective Oct 31, 2025

BROWN FORMAN CORP

CEO receives 3.0x severance multiple (base salary plus higher of target or earned bonus); other ELT members 2.0x.
Benefits include lump-sum cash, 18 months COBRA, full equity vesting (performance awards at target), and $10,000 tax prep.
Plan covers named executive officers and select key employees; effective immediately for qualifying terminations near a change in control.
Plan supersedes prior severance agreements during the protection period (30 days pre- to 24 months post-change).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.