BCO Form 4: Director Michael Herling Receives 5,975.47 DSAP Units

Rhea-AI Filing Summary

Michael J. Herling, a director of The Brink's Company (BCO), was credited with 5,975.47 DSAP units on 09/02/2025 under the company’s Directors' Stock Accumulation Plan (DSAP). The filing states these units were credited as a result of a dividend payment and will be distributed in BCO common stock on a one-for-one basis after the director’s termination of service. The DSAP unit credit on the transaction date was calculated using BCO’s closing share price of $113.33 on September 2, 2025.

Insights

Financial Analyst

TL;DR: Routine director compensation credited as equity-linked DSAP units; modest governance signal, not material to valuation.

The Form 4 discloses a non-cash credit of 5,975.47 DSAP units tied to a dividend, convertible one-for-one into common stock upon termination. This is a standard director equity accumulation mechanism designed to align long-term interests with shareholders. The units were valued using the closing price of $113.33 on 09/02/2025, implying an economic equivalent of approximately $677k at that date, though actual dilution and accounting impact depend on plan mechanics and total share count (not disclosed here).

Corporate Governance Expert

TL;DR: Disclosure reflects routine administration of a director stock plan; affirmative alignment but not a governance red flag.

The filing clearly describes that units were credited due to a dividend under the DSAP and are payable in common stock one-for-one after service ends. This is consistent with typical director compensation practices. The filing provides specific mechanics and price basis ($113.33 close), which supports transparency. No unusual vesting acceleration, related-party transaction, or deviations from plan terms are disclosed.

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^*

Herling Michael J

(Last) (First) (Middle)

1801 BAYBERRY COURT

P.O. BOX 18100

(Street)

RICHMOND VA 23226

(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
	Officer (give title below)		Other (specify below)

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
DSAP Units	(1)	09/02/2025		A		13.42(2)		(1)	(1)	Common Stock	13.42	$113.33(3)	5,975.47	D

Explanation of Responses:

1. Under the terms of the Directors' Stock Accumulation Plan, as amended and restated (the "DSAP"), the Reporting Person will be entitled to receive a distribution in The Brink's Company ("BCO") common stock with respect to all units (each of which is the economic equivalent of one share of BCO common stock) ("DSAP Units") in the Reporting Person's account on a one-for-one basis following the Reporting Person's termination of service as a director.

2. In accordance with the terms of the DSAP, DSAP 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 DSAP Units credited to the Reporting Person's account on the Transaction Date is based upon a share price of $113.33, which is the closing price of BCO common stock on September 2, 2025, in accordance with the terms of the DSAP.

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 Michael J. Herling report on the Form 4 for BCO?

He was credited with 5,975.47 DSAP units on 09/02/2025 under the Directors' Stock Accumulation Plan, per the Form 4 filing.

How are the DSAP units converted to Brink's (BCO) common stock?

DSAP units are distributed one-for-one in BCO common stock following the director’s termination of service, per the filing.

What price was used to calculate the DSAP unit credit on 09/02/2025?

$113.33 — the closing price of BCO common stock on September 2, 2025, was used to determine the number of DSAP units credited.

Was the DSAP unit credit a cash transaction or a dividend-related credit?

The units were credited as a result of a dividend payment with respect to BCO common stock, according to the Form 4 explanation.

Does this Form 4 indicate any sale or disposition of shares by the director?

No. The Form 4 reports an acquisition/credit of DSAP units, not a sale or disposition.