[Form 4] BRINKS CO Insider Trading Activity
Rhea-AI Filing Summary
BRINKS CO President and CEO Richard M. Eubanks reported new deferred equity awards. On the reported date, he acquired additional “Program Units,” each economically equivalent to one share of Brink’s common stock, through the Key Employees' Deferral Compensation Program.
The units were credited to his stock incentive account at a reference share price of $103.63, based on the closing price of Brink’s stock used under the program formula. The filing shows multiple awards of Program Units, including 1,838.99 units and 88.46 units, all settling in Brink’s common stock on a one-for-one basis.
These awards represent deferred portions of his annual incentive and any applicable matching amounts, which will be distributed in Brink’s common stock after his employment ends or on a future date chosen in his deferral election. Following these transactions, his reported Program Unit balance is 46,637.23 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 26.54 | $103.63 | $3K |
| Grant/Award | Program Units | 1,838.99 | $103.63 | $191K |
| Grant/Award | Program Units | 88.46 | $103.63 | $9K |
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. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $103.63, 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. Under the terms of the Program, the Reporting Person has chosen to defer a portion of his or her annual incentive award to an incentive account. In accordance with the terms of the Program and the Reporting Person's deferral election, certain deferred amounts and/or any matching amounts are converted into Program Units (each of which is the economic equivalent of one share of BCO common stock) and credited to the Reporting Person's account. 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.