Brink's (NYSE: BCO) CFO receives stock grant and deferred Program Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McMaken Kurt B reported acquisition or exercise transactions in this Form 4 filing.
The Brink's Company executive Kurt B. McMaken reported equity awards that increase his ownership stake. On the reported date, he received 4,035 shares of common stock as a grant and 9.0700 Program Units, which are deferred compensation units economically equivalent to common shares. The Program Units were credited to his account based on a closing share price of $125.85, reflecting dividend payments, and will be settled in Brink's stock in the future under the company’s deferred compensation program. Related restricted stock units are scheduled to vest in three annual installments beginning in March 2027.
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 |
|---|---|---|---|---|
| Grant/Award | Program Units | 9.07 | $125.85 | $1K |
| Grant/Award | Common Stock | 4,035 | $0.00 | -- |
Holdings After Transaction:
Program Units — 4,535.43 shares (Direct);
Common Stock — 77,825 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a right to receive, subject to the terms and conditions of the 2024 Equity Incentive Plan and an RSU Award Agreement, one share of The Brink's Company ("BCO") common stock subject to vesting in three annual installments, beginning in March 2027. Includes RSUs that have not yet vested. Program Units (each of which is the economic equivalent of one share of BCO common stock) credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferred 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, Program Units were credited to the Reporting Person's account as a result of a dividend payment with respect to BCO common stock. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $125.85, which was the closing price of BCO common stock on March 2, 2026, calculated in accordance with the terms of the Program.
FAQ
What insider transaction did Brink's (BCO) CFO Kurt McMaken report?
Kurt B. McMaken reported equity awards that increase his Brink's holdings. He received 4,035 shares of common stock as a grant and 9.0700 Program Units under a deferred compensation program, all classified as acquisitions rather than open-market purchases or sales.
What are Brink's (BCO) Program Units reported in this filing?
Program Units are deferred compensation units economically equivalent to one Brink's common share. They are credited to the executive’s stock incentive account and will settle one-for-one in Brink's common stock, either after employment termination or on a future date chosen in the executive’s deferral election.
How were the new Program Units for Brink's (BCO) CFO calculated?
The 9.0700 Program Units were credited based on a Brink's closing share price of $125.85 on March 2, 2026. This credit resulted from a dividend payment under the deferred compensation program, using that closing price to determine how many units to add to the account.
What vesting schedule applies to Brink's (BCO) restricted stock units?
Each restricted stock unit represents a right to receive one Brink's common share. These RSUs vest in three annual installments beginning in March 2027, subject to the terms of the 2024 Equity Incentive Plan and the individual RSU award agreement signed by the executive.