BCO Form 4: EVP Daniel Castillo Receives 50.86 Deferred Units

Rhea-AI Filing Summary

Insider award of program units under deferred compensation plan — The Brink's Company reported that EVP Daniel J. Castillo was credited with 50.86 Program Units under the Key Employees' Deferral Compensation Program on 08/29/2025. Each Program Unit is the economic equivalent of one share of BCO common stock and will settle one-for-one into common stock either when Mr. Castillo leaves the company or on a future date he selected in his deferral election.

The filing notes Program Units are credited monthly based on compensation deferred and any matching amounts, and the units credited on the transaction date were calculated using a share price of $112.04 (the closing price on the final trading day of the month). The report was signed by an attorney-in-fact on behalf of the reporting person.

Insights

Financial Analyst

TL;DR: Routine deferred-compensation credit to an executive; modest share-equivalent issuance based on monthly deferrals.

The filing documents a non-discretionary credit of 50.86 Program Units to EVP Daniel J. Castillo under the company's Key Employees' Deferral Compensation Program. These units are not immediate stock but are economically equivalent and convert one-for-one into common shares upon specified distribution events. The units were priced using the month's closing share price of $112.04. This is a compensation accounting and governance disclosure rather than an operational or market-moving corporate event; its direct impact on share count and dilution appears immaterial based on the reported quantity.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 requirements and describes standard plan mechanics; no governance red flags.

The Form 4 clearly identifies the reporting person, relationship (EVP), the plan mechanism, conversion mechanics, and valuation basis for the credited Program Units. It specifies monthly crediting procedures and the distribution triggers available under the deferral election. The filing appears complete for the reported transaction and shows use of an attorney-in-fact signature, which is properly documented. There is no indication of accelerated vesting, option exercise, or other atypical governance actions disclosed here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Castillo Daniel J

(Last) (First) (Middle)

555 DIVIDEND DRIVE

(Street)

COPPELL TX 75019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRINKS CO [ BCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Program Units	(1)	08/29/2025		A		50.86(2)		(1)	(1)	Common Stock	50.86	$112.04(3)	3,791.08	D

Explanation of Responses:

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.

2. 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.

3. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $112.04, 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.

Remarks:

	/s/ Linda M. MacNally, Attorney-in-Fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Daniel J. Castillo report on Form 4 for BCO?

The report shows EVP Daniel J. Castillo was credited with 50.86 Program Units under the Key Employees' Deferral Compensation Program on 08/29/2025.

How do Program Units convert to Brink's (BCO) common stock?

Each Program Unit is the economic equivalent of one share of BCO common stock and will settle one-for-one into common stock upon termination of employment or on a future distribution date selected by the participant.

What price was used to calculate the Program Units credited on the transaction date?

The number of Program Units credited on the transaction date was based on a share price of $112.04, the closing price on the final trading day of the month.

How often are deferred amounts converted into Program Units under the Plan?

In accordance with the Program, compensation deferred and any matching amounts are converted into Program Units and credited to the account on the last business day of each month.

When will the credited Program Units be distributed?

They will be distributed either following the reporting person's termination of employment or on a future date selected by the reporting person at the time of the deferral election.