Director at Brinks (NYSE: BCO) receives 1,578 DSUs equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOYNTON PAUL G reported acquisition or exercise transactions in this Form 4 filing.
Brinks Co director Paul G. Boynton received a grant of 1,578 Deferred Stock Units (DSUs), each representing the right to one share of Brinks common stock at settlement. The award was granted at no cash cost under the company’s 2024 Equity Incentive Plan.
The DSUs vest on the earlier of the one-year anniversary of the grant date or the following year’s annual shareholders meeting, with a minimum vesting period of six months, and vesting accelerates upon a change in control. The units are forfeited if he ceases to serve on the board before vesting. After this grant, Boynton holds 42,898 DSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOYNTON PAUL G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,578 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 42,898 shares (Direct, null)
Footnotes (1)
- Each DSU represents the right to receive, at settlement, one share of Company Common Stock. Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement (the "Award Agreement"), the Reporting Person has been granted DSUs that vest upon the earlier of: (1) the one year anniversary of the grant date; and (2) the following year's annual meeting of shareholders, but in any event the DSUs shall not have a vesting period of less than six months. The vesting accelerates upon a change in control of The Company. The DSUs will be settled in Company common stock on a one-for-one basis upon vesting. Pursuant to terms of the Award Agreement, the DSUs will be forfeited if the director ceases to serve as a member of the Board of Directors of the Company prior to the expiration of the vesting period.
Key Figures
Deferred Stock Units granted: 1,578 units
Grant price per unit: $0.00 per unit
DSUs after transaction: 42,898 units
+2 more
5 metrics
Deferred Stock Units granted
1,578 units
Award to director Paul G. Boynton on 2026-04-28
Grant price per unit
$0.00 per unit
DSU grant under 2024 Equity Incentive Plan
DSUs after transaction
42,898 units
Total Deferred Stock Units held following grant
Underlying common stock
1,578 shares
Common stock underlying newly granted DSUs
Minimum vesting period
Six months
DSUs must vest over at least this period
Key Terms
Deferred Stock Units, 2024 Equity Incentive Plan, DSU Award Agreement, change in control, +1 more
5 terms
Deferred Stock Units financial
"Each DSU represents the right to receive, at settlement, one share of Company Common Stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2024 Equity Incentive Plan financial
"Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement..."
DSU Award Agreement financial
"...the 2024 Equity Incentive Plan and a DSU Award Agreement (the "Award Agreement"), the Reporting Person has been granted DSUs..."
change in control financial
"The vesting accelerates upon a change in control of The Company."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
vesting period financial
"...but in any event the DSUs shall not have a vesting period of less than six months."
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
FAQ
What insider transaction did Brinks (BCO) report for Paul G. Boynton?
Brinks reported that director Paul G. Boynton received a grant of 1,578 Deferred Stock Units. These DSUs were awarded at no cash cost and each represents the right to receive one share of Brinks common stock upon settlement, subject to vesting conditions.
How many Deferred Stock Units does Paul G. Boynton hold after this Brinks (BCO) Form 4?
After this grant, Paul G. Boynton holds a total of 42,898 Deferred Stock Units. Each DSU corresponds to one share of Brinks common stock payable upon settlement, so the filing shows a growing equity-based component of his director compensation.
What are the vesting terms of the new DSUs granted by Brinks (BCO)?
The DSUs vest on the earlier of the one-year anniversary of the grant date or the following year’s annual shareholders meeting. The vesting period must be at least six months, and vesting accelerates if there is a change in control of the company.
Under which plan were the new Brinks (BCO) DSUs granted to Paul G. Boynton?
The DSUs were granted under Brinks’ 2024 Equity Incentive Plan pursuant to a DSU Award Agreement. This plan governs the terms, vesting conditions, and potential forfeiture of equity awards granted to directors and other eligible participants at the company.
What happens to Brinks (BCO) DSUs if the director leaves the board before vesting?
According to the award terms, the DSUs will be forfeited if the director ceases to serve on Brinks’ Board of Directors before the vesting period ends. This structure is designed to align director compensation with continued board service over the vesting period.