Brink's CFO granted 55 Program Units in plan
The Brink's Company EVP and CFO Kurt B. McMaken acquired 55.01 Program Units as a compensation grant under a deferred stock program.
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Rhea-AI Filing Summary
The Brink's Company EVP and CFO Kurt B. McMaken acquired 55.01 Program Units as a compensation grant under a deferred stock program. Each Program Unit is economically equivalent to one share of Brink's common stock and will settle in common shares on a one-for-one basis.
The units were credited to his stock incentive account under the Key Employees' Deferral Compensation Program, based on a share price of $106.75, the month-end closing price. Following this grant, McMaken holds a total of 5,364.55 Program Units, which represent deferred compensation rather than an open-market purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 55.01 | $106.75 | $6K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $106.75, 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.
Key Figures
Key Terms
Program Units financial
Key Employees' Deferral Compensation Program financial
stock incentive account financial
deferred compensation financial
FAQ
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What did Brink's (BCO) CFO Kurt McMaken report in this Form 4?
What are Program Units in The Brink's Company (BCO) Form 4 filing?
How many Brink's (BCO) Program Units did the CFO receive and at what price?
When will the Brink's (BCO) Program Units be settled into common stock?
How many total Brink's (BCO) Program Units does the CFO hold after this transaction?
Is the Brink's (BCO) Form 4 transaction an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.