Brink’s Company (BCO) – Form 4: EVP & CHRO Elizabeth A. Galloway credited 48.27 Program Units (deferred-compensation share equivalents) on 31 Jul 2025 under the Key Employees’ Deferred Compensation Program. Units were valued at $87.34, the stock’s month-end close. After the automatic, in-plan acquisition, Galloway beneficially owns 2,073.94 Program Units, held directly; no non-derivative shares or dispositions were reported.
The “A” transaction code confirms an acquisition rather than a sale, and the filing cites routine monthly conversion of deferred pay, not discretionary open-market buying. While financially immaterial to BCO, the incremental increase modestly tightens executive–shareholder alignment and sends a neutral-to-slightly positive governance signal.
William Blair Investment Management, LLC (WBIM) filed Amendment No. 6 to Schedule 13G on Brink’s Co. (NYSE: BCO).
- Current ownership: 1,962,981 common shares, equal to 4.7 % of outstanding stock.
- Voting/Dispositive power: Sole voting power over 1,779,320 shares; sole dispositive power over the full 1,962,981 shares; no shared power reported.
- Because WBIM now holds under the 5 % threshold, the firm is no longer deemed a “5 % beneficial owner.” The filing clarifies that the position is held in the ordinary course of business and not to influence control.
- WBIM is classified as an investment adviser (IA) under Rule 13d-1(b)(1)(ii)(E).
- The amendment date is 30 June 2025; the certification was signed by the Chief Compliance Officer on 30 July 2025.
Key takeaway: WBIM remains a meaningful institutional holder but has reduced its stake below the regulatory reporting threshold, potentially signaling portfolio rebalancing or partial exit.