Brown-Forman Executive Vice President Jill Jones cashed in 15,106 class B shares on Friday for nearly $1.5 million, the company said in a regulatory filing this afternoon.

She received the shares in the form of SARs — or stock appreciation rights — under the executive compensation plan, for the equivalent of $38.43 each, or a total $581,000. So, her pre-tax net was about $919,000.