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

Corporate Governance Expert

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.

Compensation & Tax Analyst

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.

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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hours per response:			0.5

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)
09/02/2025

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)	09/02/2025		A		32.05(2)		(1)	(1)	Common Stock	32.05	$113.33(3)	14,512.38	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' 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.

2. 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.

3. 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.

Remarks:

	/s/ Linda M. MacNally, Attorney-in-Fact	09/04/2025
	** 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 being credited with 14,512.38 Program Units under the Key Employees' Deferred Compensation Program on 09/02/2025.

Why were Program Units credited to the reporting person?

The Program Units were credited as a result of a dividend payment with respect to BCO common stock.

How are Program Units converted to Brink's common stock?

Each Program Unit is the economic equivalent of one share and will settle one-for-one into BCO common stock per the Program's terms.

What valuation was used to calculate the number of Program Units?

The number of Program Units was based on the closing share price of $113.33 on 09/02/2025.

When will the Program Units be distributed?

Units will be distributed either following the reporting person's termination of employment or on a future date selected in his deferral election.