Brink's (NYSE: BCO) CFO disposes shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brink's Company executive Kurt B. McMaken, EVP and Chief Financial Officer, reported routine tax-related share dispositions tied to vesting equity awards. On March 3, 2026, the company withheld 699 and 742 shares of common stock at $125.83 per share to cover tax obligations on Restricted Stock Units that vested that day.
These Form 4 transactions are coded "F," indicating payment of tax liability by delivering shares rather than open-market sales. After these withholdings, McMaken directly owned 76,384 shares of Brink's common stock, a figure that the filing states includes RSUs that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McMaken Kurt B
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 699 | $125.83 | $88K |
| Tax Withholding | Common Stock | 742 | $125.83 | $93K |
Holdings After Transaction:
Common Stock — 77,126 shares (Direct)
Footnotes (1)
- The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units ("RSUs") that vested on March 3, 2026. Includes RSU that have not yet vested.
FAQ
What insider transaction did Brink's (BCO) CFO Kurt B. McMaken report?
Kurt B. McMaken reported tax-related share dispositions, not open-market sales. On March 3, 2026, Brink's withheld 699 and 742 common shares at $125.83 each to cover tax obligations from vesting Restricted Stock Units, as reflected in two Form 4 transactions coded "F."
Was the Brink's (BCO) CFO’s Form 4 transaction a stock sale in the market?
No, the Form 4 shows tax-withholding dispositions, not market sales. Shares were withheld by Brink's to satisfy Kurt B. McMaken’s tax obligations on RSUs that vested on March 3, 2026, consistent with transaction code "F" for tax payment using shares.
What does transaction code "F" mean in the Brink's (BCO) CFO Form 4?
Code "F" indicates shares used to pay exercise price or tax liability. In this case, Brink's withheld common shares from Kurt B. McMaken’s RSU vesting to cover tax withholding, so the disposition reflects an administrative equity event rather than a discretionary open-market trade or sale.