Director at Brinks Co (NYSE: BCO) receives 1,578 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tynan Timothy Joseph reported acquisition or exercise transactions in this Form 4 filing.
Brinks Co director Timothy Joseph Tynan received a grant of 1,578 Deferred Stock Units, each tied to one share of common stock. These DSUs vest on the earlier of one year from grant or the next annual shareholder meeting, with at least a six-month vesting period, and accelerate upon a change in control. If he leaves the board before vesting, the units are forfeited. After this award, he holds 11,507 DSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tynan Timothy Joseph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,578 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 11,507 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
Total DSUs after grant: 11,507 units
Vesting minimum period: six months
+1 more
4 metrics
Deferred Stock Units granted
1,578 units
Grant to director Timothy Joseph Tynan
Total DSUs after grant
11,507 units
Holdings following reported transaction
Vesting minimum period
six months
Minimum vesting length for the DSU award
Underlying security
1 share common stock per DSU
Settlement ratio upon vesting
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
"Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement"
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
"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 Co (BCO) report for Timothy Joseph Tynan?
Brinks Co reported that director Timothy Joseph Tynan received 1,578 Deferred Stock Units as a grant. These units are a form of equity compensation that convert into common stock upon vesting, aligning his interests with long-term shareholder value.
How many Deferred Stock Units does Timothy Joseph Tynan hold after this Brinks Co grant?
After the 1,578-unit grant, Timothy Joseph Tynan holds a total of 11,507 Deferred Stock Units. This reflects his accumulated equity-based board compensation, all of which is tied to Brinks Co common stock performance over time.
When do the new Brinks Co Deferred Stock Units granted to Timothy Tynan vest?
The 1,578 Deferred Stock Units vest on the earlier of one year from the grant date or the following year's annual shareholder meeting. However, the vesting period will never be shorter than six months under the award’s terms.
What happens to Timothy Tynan’s Brinks Co Deferred Stock Units if he leaves the board?
If Timothy Tynan stops serving on Brinks Co’s board before the vesting period ends, the granted Deferred Stock Units are forfeited. This condition encourages continued board service to earn the right to receive the underlying common shares.
How are Brinks Co Deferred Stock Units for Timothy Tynan settled upon vesting?
Each Deferred Stock Unit represents the right to receive one share of Brinks Co common stock at settlement. When the DSUs vest, they are settled on a one-for-one basis, turning the deferred award into actual equity ownership.
Do Timothy Tynan’s Brinks Co Deferred Stock Units have any change-in-control protection?
Yes. The vesting of Timothy Tynan’s Deferred Stock Units accelerates upon a change in control of Brinks Co. This provision helps protect his equity compensation if the company undergoes a significant ownership or control transaction.