Brink's (NYSE: BCO) EVP Galloway receives deferred Program Units award
Rhea-AI Filing Summary
Galloway Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
BRINKS CO EVP and CHRO Elizabeth A. Galloway reported routine compensation-related awards under a deferred stock program. She received 422.92 and 42.31 Program Units, each economically equivalent to one share of Brink's common stock, credited to her stock incentive account under the Key Employees' Deferred Compensation Program.
The Program Units will settle in Brink's common stock on a one-for-one basis following her termination of employment or on a future date chosen in her deferral election. The number of units was based on a share price of $103.63, resulting in 2,846.93 Program Units held after these awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 422.92 | $103.63 | $44K |
| Grant/Award | Program Units | 42.31 | $103.63 | $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' Deferred 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. 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. 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. 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.
Key Figures
Key Terms
Program Units financial
Key Employees' Deferred Compensation Program financial
deferral election financial
matching amounts financial
FAQ
What did Brink's (BCO) executive Elizabeth A. Galloway report in this Form 4?
What are Brink's (BCO) Program Units reported in this Form 4?
How were the Brink's (BCO) Program Units valued for Elizabeth Galloway?
When will Elizabeth Galloway’s Brink's (BCO) Program Units be paid out?
How are Brink's (BCO) deferred compensation amounts converted into Program Units?