Brink's (BCO) EVP receives 53.3 Program Units under deferred compensation plan
Rhea-AI Filing Summary
Peschard Mijares Guillermo Eduardo reported acquisition or exercise transactions in this Form 4 filing.
Brink's Company executive Guillermo Eduardo Peschard Mijares received a routine equity-based compensation award through a deferred compensation program. He was granted 53.3 Program Units, each economically equivalent to one share of Brink's common stock, based on a share price of $106.75.
These Program Units are credited to his stock incentive account under the Key Employees' Deferral Compensation Program and will settle in Brink's common stock on a one-for-one basis. Settlement will occur either after his termination of employment or on a future date he selected when making his deferral election. Following this award, he holds 853.03 Program Units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 53.3 | $106.75 | $6K |
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.