Brink's director converts 1,844 DSUs into shares
Brink's Company director Michael J. Herling increased his equity stake through routine compensation-related awards and vesting.
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Form Type
4
Rhea-AI Filing Summary
Brink's Company director Michael J. Herling increased his equity stake through routine compensation-related awards and vesting. On April 28, 2026, 1,844 Deferred Stock Units (DSUs) vested and were converted into 1,844 shares of Brink's common stock, reflecting the settlement of DSUs on a one-for-one basis.
Following this conversion, Herling directly held 19,338 shares of common stock. On the same day, he was also granted 1,578 new DSUs under the 2024 Equity Incentive Plan, which will vest based on service as a director and are likewise settled in common stock upon vesting.
Insider Trade Summary
1,844 shares exercised/converted
Exercise
3 txns
Insider
Herling Michael J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 1,844 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 1,578 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,844 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 23,117 contracts (Direct);
Common Stock — 19,338 shares (Direct)
Footnotes (4)
- F1. Represents the conversion upon vesting of Deferred Stock Units ("DSUs") into The Brink's Company (the "Company") Common Stock.
- F2. Each DSU represents the right to receive, at settlement, one share of Company Common Stock.
- F3. This DSU award was granted on May 8, 2025 and vested in full on April 28, 2026.
- F4. Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement (the "Award Agreement"), the Reporting Person has been granted DSUs that vest upon the earlier of: (1) the one year anniversary of the grant date; and (2) the following year's annual meeting of shareholders, but in any event the DSUs shall not have a vesting period of less than six months. The vesting accelerates upon a change in control of The Company. The DSUs will be settled in Company common stock on a one-for-one basis upon vesting. Pursuant to terms of the Award Agreement, the DSUs will be forfeited if the director ceases to serve as a member of the Board of Directors of the Company prior to the expiration of the vesting period.
Key Figures
Common shares from DSU conversion: 1,844 shares
New DSU grant: 1,578 DSUs
Shares held after transaction: 19,338 shares
+3 more
6 metrics
Common shares from DSU conversion
1,844 shares
DSUs converted into Brink's common stock on April 28, 2026
New DSU grant
1,578 DSUs
Granted as equity award on April 28, 2026
Shares held after transaction
19,338 shares
Direct Brink's common stock holdings following Form 4 transactions
DSUs exercised
1,844 DSUs
Deferred Stock Units converted into common stock on vesting
DSU grant vesting date
April 28, 2026
DSU award granted May 8, 2025 vested in full on this date
Exercise/settlement price
$0.00 per unit
Non-cash DSU conversion and grant at no exercise price
Key Terms
Deferred Stock Units, Equity Incentive Plan, vesting period, change in control, +1 more
5 terms
Deferred Stock Units financial
"Represents the conversion upon vesting of Deferred Stock Units ("DSUs") into The Brink's Company Common Stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Equity Incentive Plan financial
"Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vesting period financial
"but in any event the DSUs shall not have a vesting period of less than six months."
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
change in control financial
"The vesting accelerates upon a change in control of The Company."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Award Agreement financial
"Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Brink's (BCO) director Michael J. Herling report?
Michael J. Herling reported equity compensation activity, including the vesting and conversion of 1,844 Deferred Stock Units into Brink's common stock and the grant of 1,578 new DSUs, all as part of his director compensation program.
What are Deferred Stock Units (DSUs) in the Brink's (BCO) Form 4 filing?
Deferred Stock Units are equity-based awards where each unit represents the right to receive one share of Brink's common stock at settlement. In this filing, vested DSUs converted into shares and new DSUs were granted as part of director compensation.
Did Michael J. Herling buy or sell Brink's (BCO) stock on the open market?
The Form 4 does not show open-market purchases or sales. Instead, it reports non-cash equity compensation events: DSUs vesting and converting into 1,844 common shares and a grant of 1,578 new DSUs under the company’s equity incentive plan.
What is the vesting structure of Brink's (BCO) DSU awards mentioned in the filing?
The DSU awards vest upon the earlier of one year after grant or the following year’s annual shareholder meeting, with a minimum six-month vesting period. Vesting accelerates upon a change in control, and DSUs settle in common stock on a one-for-one basis at vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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