Brink's CEO Receives $113.33-Based Program Units Worth 14,512.38 Shares
Rhea-AI Filing Summary
Insider stock-based credit tied to dividend. Richard M. Eubanks, President and CEO and director of The Brink's Company (BCO), was credited with 14,512.38 Program Units under the Key Employees' Deferred Compensation Program on 09/02/2025. Each Program Unit equates economically to one share of BCO common stock and will settle one-for-one into shares either upon his termination or on a deferred date chosen by him. The Program Units were credited as a result of a dividend and were calculated using the $113.33 closing share price on that date. The Form 4 was signed by an attorney-in-fact on 09/04/2025.
Positive
- Alignment increase: CEO's economic stake increased by 14,512.38 Program Units, aligning management incentives with shareholders
- Transparent valuation: Units were valued using the actual closing price of $113.33 on 09/02/2025
Negative
- None.
Insights
TL;DR: CEO received dividend-credit Program Units increasing direct share-equivalent holdings by 14,512.38 units.
The filing documents a routine, formulaic credit of Program Units under a deferred compensation plan tied to dividends. The units convert one-for-one into common stock and are governed by the participant's deferral election, so they do not represent immediate share sales or open-market purchases. This transaction increases the CEO's economic exposure to company equity and aligns his incentives with shareholders, but it appears to be a planned compensation accounting event rather than an opportunistic market trade.
TL;DR: Dividend-driven credit increased deferred equity holdings valued at $113.33 per share on the transaction date.
The Program Units were credited pursuant to the Key Employees' Deferred Compensation Program as a result of a dividend payment and were valued using the closing price of $113.33 on 09/02/2025. Such credits typically reflect non-cash, deferred compensation treatment with settlement mechanics defined by the plan; the filing confirms the economic equivalence to common shares and documents timing and valuation but does not indicate immediate liquidity or tax consequences in this report.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 32.05 | $113.33 | $4K |
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.
