Brink’s (NYSE: BCO) EVP & CLO awarded 40.59 Program Units under deferral plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cook Kristen Williams reported acquisition or exercise transactions in this Form 4 filing.
The Brink's Company executive Kristen Williams Cook, EVP & CLO, received a compensation-related award tied to company stock. On the reported date, she was credited with 40.59 Program Units, each economically equivalent to one share of Brink's common stock, under the Key Employees' Deferral Compensation Program.
These Program Units are based on a share price of $106.75, the closing price of Brink's stock on the final trading day of the relevant month. Her total balance in this program increased to 261.52 Program Units, which will ultimately settle in Brink's common stock on a one-for-one basis according to her deferral election, either after employment ends or on a future chosen date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cook Kristen Williams
Role
EVP & CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 40.59 | $106.75 | $4K |
Holdings After Transaction:
Program Units — 261.52 shares (Direct, null)
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. 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. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $106.75, 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
Program Units granted: 40.59 Program Units
Share price basis: $106.75 per share
Total Program Units after transaction: 261.52 Program Units
+1 more
4 metrics
Program Units granted
40.59 Program Units
Grant/award acquisition on transaction date
Share price basis
$106.75 per share
Closing price of BCO stock on final trading day of month
Total Program Units after transaction
261.52 Program Units
Balance in deferral program following award
Underlying common stock
40.59 shares
One Brink’s common share per Program Unit
Key Terms
Program Units, Key Employees' Deferral Compensation Program, stock incentive account, deferred compensation
4 terms
Program Units financial
"Program Units (each of which is the economic equivalent of one share"
Key Employees' Deferral Compensation Program financial
"under the terms of the Key Employees' Deferral Compensation Program"
stock incentive account financial
"credited to the Reporting Person's stock incentive account under the terms"
deferred compensation financial
"compensation deferred by the Reporting Person during that month and/or any matching amounts"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
FAQ
What did Brink's (BCO) EVP & CLO Kristen Williams Cook report in this Form 4?
Kristen Williams Cook reported receiving 40.59 Program Units, a compensation-related award linked to Brink’s common stock. This increased her total balance in the deferral program to 261.52 Program Units, which will eventually settle in Brink’s stock on a one-for-one basis.
What are Program Units in the Brink's (BCO) Key Employees' Deferral Compensation Program?
Program Units are bookkeeping entries each economically equivalent to one Brink’s common share. They are credited to a stock incentive account when eligible compensation is deferred and will later settle in Brink’s common stock on a one-for-one basis according to the participant’s deferral election.
How and when will Brink's (BCO) Program Units held by Kristen Williams Cook be settled?
Program Units will settle in Brink’s common stock on a one-for-one basis. Distribution will occur either after her termination of employment with Brink’s or on a future date she previously selected at the time of her deferral election under the program’s terms.
How are Brink's (BCO) Program Units credited to executives under the deferral program?
On the last business day of each month, any compensation deferred by the executive and applicable matching amounts are converted into Program Units. These units are credited to the executive’s stock incentive account in accordance with the Key Employees’ Deferral Compensation Program’s terms.
What is Kristen Williams Cook’s total balance of Brink's (BCO) Program Units after this transaction?
After receiving 40.59 additional Program Units, Kristen Williams Cook’s total balance in the deferral program reached 261.52 Program Units. Each unit represents the economic equivalent of one share of Brink’s common stock and will ultimately be distributed in shares under her deferral election.