Brink's (BCO) Insider Filing: 14,480.33 Deferred Units Credited to CEO

Rhea-AI Filing Summary

Richard M. Eubanks, President and CEO and director of The Brink's Company (BCO), had 14,480.33 Program Units credited to his stock incentive account under the Key Employees' Deferral Compensation Program on 08/29/2025. These Program Units represent the economic equivalent of one share of BCO common stock and will settle one-for-one into common stock upon the participant's chosen distribution date or termination. The credited units were calculated using a $112.04 per-share price, the closing price on the final trading day of the month in which the deferred compensation would have been payable. The form was executed by an attorney-in-fact on 09/03/2025.

Positive

• Transparency of executive compensation: The filing clearly discloses the crediting of 14,480.33 Program Units under the company's deferral program.
• One-for-one conversion defined: Program Units will settle into BCO common stock on a one-for-one basis, providing clarity on eventual share issuance mechanics.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine deferred-compensation credit to the CEO, recorded as Program Units that convert one-for-one to common stock.

This Form 4 discloses a compensation-related credit rather than a market purchase or sale. The Program Units are non-cash credits reflecting deferred compensation converted monthly into units based on month-end closing price. Such credits are common corporate practices to align executive pay with shareholder value while deferring taxation. There is no indication of immediate issuance of shares or cash transfer; settlement depends on the executive's deferral election or termination. For governance review, note that the reporting person is both CEO and a director, which underscores the importance of board oversight of executive compensation arrangements.

Securities Analyst

TL;DR: Disclosure is operationally informative but not materially market-moving.

The entry records 14,480.33 Program Units credited on 08/29/2025 using a $112.04 per-share valuation. This is an internal bookkeeping event under the Key Employees' Deferral Compensation Program and does not represent a cash sale or open-market share transaction. From a securities perspective, the filing provides transparency about potential future dilution if and when units settle into shares, but the size of the credit relative to total shares outstanding is not provided here, so material impact cannot be assessed from this Form 4 alone.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Eubanks Richard M.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		101.53(2)		(1)	(1)	Common Stock	101.53	$112.04(3)	14,480.33	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 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 Richard M. Eubanks report on Form 4 for BCO?

He reported 14,480.33 Program Units credited to his stock incentive account under the Key Employees' Deferral Compensation Program on 08/29/2025.

What is the economic equivalent of the Program Units reported?

Each Program Unit equals one share of The Brink's Company common stock and will settle one-for-one into common shares upon distribution.

What valuation was used to calculate the credited units?

The number of Program Units was based on a $112.04 per-share price, the closing price on the final trading day of the relevant month.

When will the Program Units convert into shares?

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

Who filed the Form 4 and when was it signed?

The form was signed by an attorney-in-fact, Linda M. MacNally, with the signature date of 09/03/2025.