Brinks (NYSE: BCO) grants 1,578 deferred stock units to director
Rhea-AI Filing Summary
Andrade Kathie J. reported acquisition or exercise transactions in this Form 4 filing.
BRINKS CO director Kathie J. Andrade received a grant of 1,578 Deferred Stock Units as director compensation. Each unit represents the right to receive one share of Brinks common stock at settlement. After this grant, she holds a total of 3,422 Deferred Stock Units.
These DSUs were granted under the company’s 2024 Equity Incentive Plan and a DSU Award Agreement. They vest on the earlier of one year from the grant date or the following year’s annual shareholder meeting, with a minimum vesting period of six months. Vesting accelerates if there is a change in control, and the units are forfeited if she leaves the board before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Andrade Kathie J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,578 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 3,422 shares (Direct)
Footnotes (2)
- F1. Each DSU represents the right to receive, at settlement, one share of Company Common Stock.
- F2. Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement (the "Award Agreement"), the Reporting Person has been granted DSUs that vest upon the earlier of: (1) the one year anniversary of the grant date; and (2) the following year's annual meeting of shareholders, but in any event the DSUs shall not have a vesting period of less than six months. The vesting accelerates upon a change in control of The Company. The DSUs will be settled in Company common stock on a one-for-one basis upon vesting. Pursuant to terms of the Award Agreement, the DSUs will be forfeited if the director ceases to serve as a member of the Board of Directors of the Company prior to the expiration of the vesting period.
Key Figures
Deferred Stock Units granted: 1,578 units
Deferred Stock Units after grant: 3,422 units
DSU-to-share ratio: 1 DSU : 1 share
+1 more
4 metrics
Deferred Stock Units granted
1,578 units
Director grant on 2026-04-28
Deferred Stock Units after grant
3,422 units
Total DSUs held following transaction
DSU-to-share ratio
1 DSU : 1 share
Each DSU settles into one share of common stock
Minimum vesting period
Six months
Vesting cannot be shorter than six months under award terms
Key Terms
Deferred Stock Units, 2024 Equity Incentive Plan, DSU Award Agreement, change in control, +1 more
5 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units""
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2024 Equity Incentive Plan financial
"Subject to the terms and conditions of the 2024 Equity Incentive Plan"
DSU Award Agreement financial
"and a DSU Award Agreement (the "Award Agreement")"
change in control financial
"The vesting accelerates upon a change in control of The Company."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Board of Directors financial
"if the director ceases to serve as a member of the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BRINKS CO (BCO) report for Kathie J. Andrade?
BRINKS CO reported a grant of 1,578 Deferred Stock Units to director Kathie J. Andrade. These units are a form of stock-based director compensation that will settle in common stock when they vest, aligning her interests more closely with shareholders over time.
How many Deferred Stock Units does Kathie J. Andrade hold after this BCO Form 4?
After the new grant of 1,578 Deferred Stock Units, Kathie J. Andrade holds 3,422 Deferred Stock Units in total. Each unit represents a right to receive one share of BRINKS CO common stock upon settlement, subject to the plan’s vesting conditions and forfeiture rules.
When do the newly granted BRINKS CO Deferred Stock Units vest for Kathie J. Andrade?
The Deferred Stock Units vest on the earlier of the one-year anniversary of the grant date or the following year’s annual shareholder meeting. The vesting period cannot be shorter than six months, and vesting accelerates if there is a change in control of the company.
What happens to Kathie J. Andrade’s BRINKS CO DSUs if she leaves the board before vesting?
Under the DSU Award Agreement, the Deferred Stock Units will be forfeited if Kathie J. Andrade stops serving as a member of the Board of Directors before the vesting period ends. This condition encourages continued board service during the vesting timeframe.
How are BRINKS CO Deferred Stock Units settled for Kathie J. Andrade?
Each Deferred Stock Unit entitles Kathie J. Andrade to receive one share of BRINKS CO common stock at settlement. Settlement occurs when the DSUs vest, subject to the terms of the 2024 Equity Incentive Plan and the specific DSU Award Agreement governing these awards.