Brinks (NYSE: BCO) EVP Cook gains 41.66 deferred stock units in Form 4
Rhea-AI Filing Summary
Cook Kristen Williams reported acquisition or exercise transactions in this Form 4 filing.
The Brink's Company executive Kristen Williams Cook received 41.66 Program Units as a compensation award. These units are economically equivalent to 41.66 shares of Brink's common stock and were credited to her stock incentive account under the Key Employees' Deferral Compensation Program.
The units were valued using a share price of $104.02, the closing price of Brink's stock on the final trading day of the month in which the deferred compensation would have been payable. Following this transaction, Cook holds a total of 303.18 Program Units, which will settle in Brink's common stock on a one-for-one basis after her termination of employment or on a future date she previously elected.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 41.66 | $104.02 | $4K |
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 $104.02, 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.