Brink's Co (NYSE: BCO) EVP receives stock grant and Program Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The Brink's Company EVP & CLO Kristen Williams Cook reported equity awards. She acquired 1,715 shares of common stock as a grant, increasing her direct holdings to 10,693 shares. She also received 0.29 Program Units, bringing that balance to 179.11 units, which are economically equivalent to common shares.
The common stock grant represents Restricted Stock Units that vest in three annual installments beginning in March 2027 under the 2024 Equity Incentive Plan. The additional Program Units were credited as dividend equivalents and will be settled in common stock after employment ends or on a deferred date she previously elected.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cook Kristen Williams
Role
EVP & CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 0.29 | $125.85 | $36.50 |
| Grant/Award | Common Stock | 1,715 | $0.00 | -- |
Holdings After Transaction:
Program Units — 179.11 shares (Direct);
Common Stock — 10,693 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a right to receive, subject to the terms and conditions of the 2024 Equity Incentive Plan and an RSU Award Agreement, one share of The Brink's Company ("BCO") common stock subject to vesting in three annual installments, beginning in March 2027. Includes RSUs that have not yet vested. Program Units (each of which is the economic equivalent of one share of BCO common stock) credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferred Compensation Program (the "Program") will settle in BCO common stock on a one-for-one basis and shall be distributed in accordance with the Reporting Person's deferral election either (1) following the Reporting Person's termination of employment with BCO or (2) on a future date selected by the Reporting Person at the time of his or her deferral election. In accordance with the terms of the Program, Program Units were credited to the Reporting Person's account as a result of a dividend payment with respect to BCO common stock. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $125.85, which was the closing price of BCO common stock on March 2, 2026, calculated in accordance with the terms of the Program.
FAQ
What insider transaction did BCO report for Kristen Williams Cook?
BCO reported that EVP & CLO Kristen Williams Cook acquired 1,715 shares of common stock as an equity grant and 0.29 Program Units. These awards increased her direct ownership to 10,693 shares and 179.11 Program Units, reflecting routine compensation rather than an open-market purchase.
What are the terms of the BCO restricted stock units granted to Kristen Williams Cook?
Each BCO restricted stock unit represents a right to receive one share of common stock. The RSUs granted to Kristen Williams Cook vest in three annual installments, beginning in March 2027, under the company’s 2024 Equity Incentive Plan and a related RSU Award Agreement.
How do Program Units work in The Brink's Company deferred compensation plan?
BCO Program Units are economically equivalent to one share of common stock each and are credited to a stock incentive account. They settle in common stock on a one-for-one basis after employment ends or on a future date the participant selected in a prior deferral election.
Why were 0.29 Program Units credited to Kristen Williams Cook’s account?
The 0.29 Program Units were credited under BCO’s deferred compensation Program due to a dividend payment on the common stock. The number of units was calculated using the $125.85 closing price of BCO common stock on March 2, 2026, as specified in the Program’s terms.
What is Kristen Williams Cook’s ownership in BCO common stock after this Form 4?
After these transactions, Kristen Williams Cook directly owns 10,693 shares of BCO common stock and 179.11 Program Units. Her common stock total includes RSUs that have not yet vested, and the Program Units will ultimately be settled in common shares based on her deferral elections.