[Form 4] BRADY CORP Insider Trading Activity

Rhea-AI Filing Summary

Brady Corporation (BRC) reporting person Russell Shaller, who is President & CEO and a director, received 33,584 restricted stock units (RSUs) on 10/02/2025. The RSUs vest one-third each year over the next three years and will be settled in shares when they vest. To satisfy tax withholding on the vesting of 21,520 RSUs, 10,114 shares were withheld at an implied price of $78.16. After these transactions, the reporting person beneficially owned 168,664 shares before the withholding and 158,550 shares following the transactions.

The filing shows a standard equity compensation event (time‑based RSUs) with a defined vesting schedule and a tax‑withholding disposition; no derivative transactions or other purchases/sales are reported.

Positive

• 33,584 RSUs granted creates multi‑year retention for the CEO
• Vesting is time‑based (one‑third per year), aligning executive incentives with long‑term service

Negative

• 10,114 shares withheld to cover taxes reduces immediate share accumulation
• Net beneficial ownership declined from 168,664 to 158,550 shares after withholding

Insights

Corporate Governance Analyst

Grant and withholding are routine exec compensation events.

The grant of 33,584 RSUs establishes a clear, time‑based retention mechanism for the CEO, with vesting one‑third annually over three years. This ties compensation to continued service rather than immediate cash realization.

The withholding of 10,114 shares to cover taxes on 21,520 vested RSUs is an administrative settlement step; monitor outstanding share counts and dilution over the vesting period through the next 3 years.

Compensation & Tax Specialist

Withholding indicates tax settlement on vested equity at $78.16.

The entry labeled as withheld shares reflects a payment method for tax withholding rather than an open‑market sale. The withheld amount corresponds to taxes on 21,520 vested RSUs, reducing the reporting person's net share increase from the grant.

Investors should note the effective cost of the withholding and the remaining unvested RSU schedule; next vesting tranches occur annually over the following 2 years.

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
Estimated average burden
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^*

Shaller Russell

(Last) (First) (Middle)

6555 W. GOOD HOPE RD

(Street)

MILWAUKEE WI 53223

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRADY CORP [ BRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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
Class A Common Stock	10/02/2025		A		33,584(1)	A	$0	168,664	D
Class A Common Stock	10/02/2025		F		10,114(2)	D	$78.16	158,550	D

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

Explanation of Responses:

1. Represents restricted stock units which vest one third each year for the three years subsequent to the grant date. Upon vesting, each restricted stock unit will be settled solely by delivery of one share of Class A Common Stock.

2. Represents shares withheld to cover taxes on 21,520 restricted stock units that vested on October 2, 2025.

Remarks:

	Heidi Knueppel, Attorney-In-Fact	10/06/2025
	** 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 change did the Form 4 for Brady Corp (BRC) report on 10/02/2025?

The filing reports a grant of 33,584 RSUs to the reporting person and the withholding of 10,114 shares to cover taxes on 21,520 vested RSUs.

How do the RSUs vest for the BRC reporting person?

The RSUs vest one‑third each year for three years following the grant date; each RSU settles in one share upon vesting.

What was the share count before and after the reported transactions?

The reporting person beneficially owned 168,664 shares before the transactions and 158,550 shares after the withholding.

What price was used for the tax withholding on withheld shares?

The withheld shares were reported at an implied price of $78.16 per share.

Does the Form 4 show any open‑market sales by the reporting person?

No open‑market sales are reported; the disposition represents tax withholding on vested RSUs, not an external sale.