Brink's (BCO) Form 4 — CHRO Receives Deferred Compensation Units Valued at $112.04

Rhea-AI Filing Summary

Elizabeth A. Galloway, EVP and CHRO of The Brink's Company (BCO), had Program Units credited to her deferred compensation account on 08/29/2025. The Form 4 reports an acquisition (coded A) of 37.63 Program Units, which are the economic equivalent of one share each and will settle one-for-one into BCO common stock according to her deferral election. The number of units credited was calculated using a $112.04 closing share price for the relevant month. Following the transaction, the report shows 2,111.57 shares beneficially owned by the reporting person. The filing was signed by an attorney-in-fact on behalf of the reporting person on 09/03/2025.

Positive

• Compensation transparency: Program Units and valuation method ($112.04 closing price) are clearly disclosed.
• Non-cash crediting: Acquisition occurred via a deferred compensation program, not an undisclosed market transaction.

Negative

• None.

Insights

Financial Analyst

Routine compensation deferral credited; modest insider accumulation, no cash purchase or sale.

The Form 4 documents a non-cash credit of 37.63 Program Units under a Key Employees' Deferral Compensation Program, which will convert to common shares on a one-for-one basis per plan terms. This is a compensation-related issuance rather than an open-market buy, so it reflects payroll deferral mechanics tied to the stock price ($112.04) rather than an active trading decision. The change increases reported beneficial ownership to 2,111.57 shares but does not indicate a change in control or a market-moving transaction.

Corporate Governance Expert

Disclosure follows standard SEC practice for deferred compensation; documentation is complete and clear.

The filing explains the Program Units mechanics, monthly crediting, and settlement options, providing necessary transparency about insider compensation and timing. The attribution of units and the use of a designated closing price are disclosed, and the Form 4 is properly executed via attorney-in-fact. This appears to be routine insider compensation reporting rather than an event with material governance implications.

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

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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^*

Galloway Elizabeth A

(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 and CHRO

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		37.63(2)		(1)	(1)	Common Stock	37.63	$112.04(3)	2,111.57	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 Elizabeth A. Galloway report on the Form 4 for BCO?

The Form 4 reports a credit of 37.63 Program Units on 08/29/2025 under a deferred compensation program, increasing beneficial ownership to 2,111.57 shares.

What are Program Units and how do they convert to BCO shares?

Program Units are the economic equivalent of one share of BCO common stock and settle one-for-one into common stock per the Key Employees' Deferral Compensation Program.

How was the number of Program Units valued?

The units credited on the transaction date were calculated using the $112.04 closing price of BCO common stock for the final trading day of the month, as disclosed in the filing.

Was this a market purchase or sale reported on Form 4?

No; the reported acquisition was a non-cash credit of deferred compensation Program Units, not an open-market trade.

Who signed the Form 4 and when?

The Form 4 was signed by Linda M. MacNally, Attorney-in-Fact on 09/03/2025.