BCO Insider Filing: 321.2 Program Units Credited to EVP on 09/02/2025
Rhea-AI Filing Summary
Guillermo Eduardo Peschard Mijares, EVP of The Brink's Company (BCO), had 321.2 Program Units credited to his deferred compensation account on 09/02/2025. The units were credited as a result of a dividend payment and are the economic equivalent of one share of BCO common stock each; they will settle one-for-one into common stock and be distributed according to the reporting person’s deferral election either after termination of employment or on a future date selected by the reporting person. The per-unit calculation used the BCO closing share price of $113.33 on the transaction date. The Form 4 was signed on 09/04/2025.
Positive
- Program Units were credited as a dividend equivalent, preserving executive equity economics without a cash payout
- Units settle one-for-one into common stock, aligning the reporting person’s economic exposure with shareholders
- Filing discloses per-unit price used ($113.33), providing transparent valuation for the transaction date
Negative
- None.
Insights
TL;DR: Routine compensation bookkeeping; Program Units from a dividend were credited and will convert one-for-one into common shares per deferred election.
The filing documents a non-cash compensation credit under the Key Employees' Deferred Compensation Program. Crediting Program Units due to a dividend payment is a standard mechanism to preserve long-term incentive economics for executives who deferred receipt. The one-for-one settlement into common stock means the executive’s economic exposure mirrors equity performance, but the filing does not disclose timing of eventual distribution beyond the deferral framework. This disclosure is informational and expected under Section 16 reporting requirements.
TL;DR: Compensation impact is modest and routine; 321.2 Program Units were credited at a $113.33 closing price on 09/02/2025.
The report quantifies the award: 321.2 Program Units based on the closing share price of $113.33, reflecting a dividend-crediting event rather than a discretionary grant. Because units are settled in common stock one-for-one, the executive gains equity-like upside and downside. The Form 4 lacks detail on aggregate outstanding units or potential dilution magnitude, so material financial impact cannot be assessed from this filing alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 0.57 | $113.33 | $64.60 |
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. In accordance with the terms of the Program, Program Units were credited to the Reporting Person's account as a result of a dividend payment with respect to BCO common stock. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $113.33, which was the closing price of BCO common stock on September 2, 2025, calculated in accordance with the terms of the Program.
