Brink's CFO awarded deferred stock units
Kurt B. McMaken, EVP and Chief Financial Officer of The Brink's Company, acquired 49.5800 Program Units, each economically equivalent to one share of common stock, under the Key Employees' Deferral Compensation Program.
Rhea-AI Filing Summary
Kurt B. McMaken, EVP and Chief Financial Officer of The Brink's Company, acquired 49.5800 Program Units, each economically equivalent to one share of common stock, under the Key Employees' Deferral Compensation Program.
The units are credited monthly to his stock incentive account based on deferred compensation and a reference share price of $118.45, and will settle one-for-one in Brink's common stock after his employment ends or on a future date he previously elected. Following this credit, he holds 5,546.0400 Program Units directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units F1, F2, F3 | 49.58 | $118.45 | $6K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $118.45, 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.
Key Figures
Key Terms
Program Units financial
Key Employees' Deferral Compensation Program financial
stock incentive account financial
deferred compensation financial
FAQ
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What insider transaction did Brink's (BCO) CFO Kurt McMaken report?
How are the 49.5800 Program Units for Brink's (BCO) CFO valued?
What is Kurt McMaken’s total deferred Brink's (BCO) Program Units holding after this transaction?
When will Brink's (BCO) Program Units for the CFO be settled into common stock?
How often are Brink's (BCO) Program Units credited under the deferral program?
AI-generated analysis. How Rhea-AI works. Not financial advice.