Brink's (NYSE: BCO) EVP and CHRO awarded 42.15 deferred stock units
Rhea-AI Filing Summary
Galloway Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
The Brink's Company executive Elizabeth A. Galloway, EVP and CHRO, received a grant of 42.15 Program Units tied to company stock. These Program Units are the economic equivalent of Brink's common shares and were credited to her stock incentive account under the Key Employees' Deferral Compensation Program.
The units are valued using a share price of $104.02, which was the closing price of Brink's stock on the final trading day of the month when the deferred compensation would have been paid. After this grant, her account holds a total of 2,930.16 Program Units. The units will settle one-for-one into Brink's common stock and be distributed either after her employment ends or on a future date chosen in her deferral election.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 42.15 | $104.02 | $4K |
Footnotes (1)
- Program Units (each of which is the economic equivalent of one share of The Brink's Company ("BCO") common stock) credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferral 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, on the last business day of each month, compensation deferred by the Reporting Person during that month and/or any matching amounts are converted into Program Units and credited to the Reporting Person's stock incentive account. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $104.02, which is the closing price of BCO common stock on the final trading day of the month in which the deferred compensation would have been payable, calculated in accordance with the terms of the Program.