Brink's director credited DSAP units via dividend
Herling Michael J reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Herling Michael J reported acquisition or exercise transactions in this Form 4 filing.
Brink's Company director Michael J. Herling received additional DSAP Units as a compensation-related award. On the transaction date, 14.86 DSAP Units, each economically equivalent to one share of Brink's common stock, were credited to his account at a reference share price of $103.02.
These units were added under the Directors' Stock Accumulation Plan as a result of a dividend payment on Brink's common stock. Following this credit, Herling holds a total of 6,015.98 DSAP Units, which will be distributable in Brink's common stock on a one-for-one basis after his service as a director ends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | DSAP Units | 14.86 | $103.02 | $2K |
Footnotes (3)
- F1. Under the terms of the Directors' Stock Accumulation Plan, as amended and restated (the "DSAP"), the Reporting Person will be entitled to receive a distribution in The Brink's Company ("BCO") common stock with respect to all units (each of which is the economic equivalent of one share of BCO common stock) ("DSAP Units") in the Reporting Person's account on a one-for-one basis following the Reporting Person's termination of service as a director.
- F2. In accordance with the terms of the DSAP, DSAP Units were credited to the Reporting Person's account as a result of a dividend payment with respect to BCO common stock.
- F3. The number of DSAP Units credited to the Reporting Person's account on the Transaction Date is based upon a share price of $103.02, which is the closing price of BCO common stock on June 1, 2026, in accordance with the terms of the DSAP.
Key Figures
Key Terms
Directors' Stock Accumulation Plan financial
DSAP Units financial
economic equivalent financial
distribution in common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Brink's (BCO) director Michael J. Herling report?
What are DSAP Units in the Brink's (BCO) Directors' Stock Accumulation Plan?
How many DSAP Units does Michael J. Herling hold after this Brink's (BCO) Form 4 filing?
How was the number of DSAP Units determined in this Brink's (BCO) transaction?
When will Michael J. Herling receive Brink's (BCO) common stock for his DSAP Units?
AI-generated analysis. How Rhea-AI works. Not financial advice.