Brink's (BCO) CFO receives 55.01 deferred stock Program Units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McMaken Kurt B
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 55.01 | $106.75 | $6K |
Holdings After Transaction:
Program Units — 5,364.55 shares (Direct, null)
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 $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
Program Units granted: 55.01 units
Share price basis: $106.75 per share
Total Program Units after grant: 5,364.55 units
3 metrics
Program Units granted
55.01 units
Grant of Program Units on 2026-04-30
Share price basis
$106.75 per share
Closing price used to calculate Program Units
Total Program Units after grant
5,364.55 units
Holdings following the reported transaction
Key Terms
Program Units, Key Employees' Deferral Compensation Program, stock incentive account, deferred compensation
4 terms
Program Units financial
"Program Units (each of which is the economic equivalent of one share..."
Key Employees' Deferral Compensation Program financial
"...under the terms of the Key Employees' Deferral Compensation Program (the "Program")..."
stock incentive account financial
"...credited to the Reporting Person's stock incentive account under the terms of the..."
deferred compensation financial
"In accordance with the terms of the Program, on the last business day of each month, compensation deferred by the Reporting Person..."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
FAQ
What did Brink's (BCO) CFO Kurt McMaken report in this Form 4?
Kurt McMaken reported receiving 55.01 Program Units as a compensation award. These units are tied to The Brink's Company common stock and were credited under the Key Employees' Deferral Compensation Program as part of his deferred compensation, not through an open-market stock purchase.
What are Program Units in The Brink's Company (BCO) Form 4 filing?
Program Units are instruments economically equivalent to one Brink's common share each. They are credited to a stock incentive account under the Key Employees' Deferral Compensation Program and will settle in Brink's common stock on a one-for-one basis at a future distribution date.
How many Brink's (BCO) Program Units did the CFO receive and at what price?
The CFO received 55.01 Program Units, with the number calculated using a share price of $106.75. That price reflects the closing price of Brink's common stock on the final trading day of the month when the deferred compensation would otherwise have been paid in cash.
When will the Brink's (BCO) Program Units be settled into common stock?
The Program Units will settle into Brink's common stock on a one-for-one basis. Distribution will occur either after the CFO’s termination of employment with Brink's or on a future date he selected previously as part of his deferral election under the program.
How many total Brink's (BCO) Program Units does the CFO hold after this transaction?
After this transaction, the CFO holds 5,364.55 Program Units. These represent deferred compensation tracked in his stock incentive account, each unit being economically equivalent to one Brink's common share and scheduled to be settled in stock at a later distribution date.
Is the Brink's (BCO) Form 4 transaction an open-market stock purchase or sale?
The transaction is not an open-market trade. It reflects a grant or award of 55.01 Program Units under a deferred compensation program. The units were credited based on the stock’s month-end closing price rather than bought or sold on the public market.