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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0306 </schemaVersion> |
| <documentType> 4 </documentType> |
| <periodOfReport> 2022-07-28 </periodOfReport> |
| <notSubjectToSection16> 0 </notSubjectToSection16> |
| <issuer> |
| | <issuerCik> 0000014693 </issuerCik> |
| | <issuerName> BROWN FORMAN CORP </issuerName> |
| | <issuerTradingSymbol> BFA, BFB </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001871904 </rptOwnerCik> |
| | | <rptOwnerName> Nall Timothy M </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> 850 DIXIE HIGHWAY </rptOwnerStreet1> |
| | | <rptOwnerStreet2></rptOwnerStreet2> |
| | | <rptOwnerCity> LOUISVILLE </rptOwnerCity> |
| | | <rptOwnerState> KY </rptOwnerState> |
| | | <rptOwnerZipCode> 40210 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 0 </isDirector> |
| | | <isOfficer> 1 </isOfficer> |
| | | <isTenPercentOwner> 0 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | <officerTitle> SVP CIO </officerTitle> |
| | | <otherText></otherText> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable></nonDerivativeTable> |
| <derivativeTable> |
| | <derivativeTransaction> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 73.61 </value> |
| </conversionOrExercisePrice> |
| | | <transactionDate> |
| <value> 2022-07-28 </value> |
| </transactionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> A </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 6747 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <value> 0 </value> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <exerciseDate> |
| <value> 2025-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2032-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 6747.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 6747 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeTransaction> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 35.603 </value> |
| <footnoteId id="F1"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2017-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2024-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 8043.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 8043 </value> |
| <footnoteId id="F1"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 39.582 </value> |
| <footnoteId id="F2"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2018-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2025-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 13469.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 13469 </value> |
| <footnoteId id="F2"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 39.2 </value> |
| <footnoteId id="F3"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2020-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2027-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 7768.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 7768 </value> |
| <footnoteId id="F3"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 53.244 </value> |
| <footnoteId id="F4"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2021-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2028-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 9640.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 9640 </value> |
| <footnoteId id="F4"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 53.875 </value> |
| <footnoteId id="F5"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2022-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2029-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 9868.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 9868 </value> |
| <footnoteId id="F5"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 68.241 </value> |
| <footnoteId id="F6"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2023-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2030-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 3008.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 3008 </value> |
| <footnoteId id="F6"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Stock Appreciation Right </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 70.242 </value> |
| <footnoteId id="F7"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <value> 2024-05-01 </value> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2031-04-30 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Class B Common </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 4536.0 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 4536 </value> |
| <footnoteId id="F7"/> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | </derivativeTable> |
| <footnotes> |
| | <footnote id="F1"> These stock appreciation rights were previously reported as covering 7,930 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | <footnote id="F2"> These stock appreciation rights were previously reported as covering 13,280 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | <footnote id="F3"> These stock appreciation rights were previously reported as covering 7,659 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | <footnote id="F4"> These stock appreciation rights were previously reported as covering 9,505 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | <footnote id="F5"> These stock appreciation rights were previously reported as covering 9,729 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | <footnote id="F6"> These stock appreciation rights were previously reported as covering 2,965 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | <footnote id="F7"> These stock appreciation rights were previously reported as covering 4,472 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend. </footnote> |
| | </footnotes> |
| <remarks> The Form 3 filed on July 12, 2021, inadvertently included a grant of restricted stock units, which will be omitted from the insider's filings going forward. </remarks> |
| <ownerSignature> |
| | <signatureName> Jaileah X. Huddleston, Attorney in Fact for Timothy M. Nall </signatureName> |
| | <signatureDate> 2022-08-01 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |