Brink's (BCO) director Herling credited 12.14 DSAP Units from dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Herling Michael J reported acquisition or exercise transactions in this Form 4 filing.
Brink's director Michael J. Herling was credited with 12.14 DSAP Units on March 2, 2026 under the Directors' Stock Accumulation Plan. Each DSAP Unit is the economic equivalent of one share of Brink's common stock, based on a closing share price of $125.85. This dividend-equivalent grant increased his DSAP balance to 6,001.12 units, which will be settled in Brink's common stock after he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Herling Michael J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | DSAP Units | 12.14 | $125.85 | $2K |
Holdings After Transaction:
DSAP Units — 6,001.12 shares (Direct)
Footnotes (1)
- Under the terms of the Directors' Stock Accumulation Plan, as amended and restated (the "DSAP"), the Reporting Person will be entitled to receive a distribution in The Brink's Company ("BCO") common stock with respect to all units (each of which is the economic equivalent of one share of BCO common stock) ("DSAP Units") in the Reporting Person's account on a one-for-one basis following the Reporting Person's termination of service as a director. In accordance with the terms of the DSAP, DSAP 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 DSAP Units credited to the Reporting Person's account on the Transaction Date is based upon a share price of $125.85, which is the closing price of BCO common stock on March 2, 2026, in accordance with the terms of the DSAP.
FAQ
What insider transaction did Brink's (BCO) director Michael J. Herling report?
Director Michael J. Herling reported an acquisition of 12.14 DSAP Units under Brink's Directors' Stock Accumulation Plan. These units were credited as dividend equivalents and are economically equal to Brink's common shares, increasing his DSAP balance to 6,001.12 units.
How many DSAP Units does Michael J. Herling hold after the latest BCO Form 4?
After the reported transaction, Michael J. Herling holds 6,001.12 DSAP Units. Each DSAP Unit represents the economic equivalent of one share of Brink's common stock, to be distributed in stock when his board service ends under the plan’s terms.
What is a DSAP Unit in the Brink's (BCO) Directors' Stock Accumulation Plan?
A DSAP Unit is the economic equivalent of one share of Brink's common stock credited to directors’ accounts. Under the plan, these units are ultimately settled one-for-one in Brink's common stock after the director’s termination of service on the board.
How was the price for Michael J. Herling’s DSAP Units determined in the BCO filing?
The DSAP Units were valued using a share price of $125.85, which was the closing price of Brink's common stock on March 2, 2026. This price is used under the plan to determine the number of units credited for dividend-equivalent distributions.
Why were additional DSAP Units credited to the Brink's (BCO) director’s account?
Additional DSAP Units were credited to Michael J. Herling’s account because of a dividend payment on Brink's common stock. Under the Directors' Stock Accumulation Plan, dividends trigger dividend-equivalent credits, adding DSAP Units instead of paying cash.