BRC director equity award raises direct holdings to 329,715 shares

Rhea-AI Filing Summary

Brady Corporation (BRC) director Elizabeth P. Bruno reported acquiring 1,728 unrestricted shares of Class A common stock as compensation for board services on 10/02/2025 at an indicated price of $78.16 per share. After the grant, Ms. Bruno beneficially owns 329,715 shares, held directly. The filing is a routine Section 16 disclosure showing compensation-paid equity rather than an open-market purchase or sale. This increases the director's direct stake and aligns her compensation with shareholder value without indicating any derivative positions or exercises.

Positive

• Director received unrestricted shares which align interests with shareholders
• Transaction increases direct beneficial ownership to 329,715 shares

Negative

• None.

Insights

Corporate Governance Analyst

Board pay delivered equity to a director, modestly raising direct ownership.

Receiving 1,728 unrestricted shares as board compensation is a common practice to align directors with shareholder interests. The shares are direct holdings, not options or derivatives, which removes execution uncertainty and tax-timing complexity for the reporting person.

The key dependencies are the company's board compensation policy and future share dilution from similar grants; monitor upcoming proxy disclosures and annual compensation tables within the next 12 months for aggregate director pay and dilution impact.

Equity Portfolio Risk Specialist

Incremental insider ownership increases alignment but is immaterial to market cap.

An addition of 1,728 shares at $78.16 equals roughly $135,000 of notional value, depending on market price. While it raises the director's stake, the post-transaction total of 329,715 shares should be compared to outstanding shares to assess materiality; the filing itself does not provide that denominator.

Short-term risk impact is low; investors can check the issuer's public filings for total shares outstanding and upcoming equity awards to quantify dilution over the next year.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BRUNO ELIZABETH P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,728	$78.16	$135K

Holdings After Transaction: Class A Common Stock — 329,715 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

BRUNO ELIZABETH P

(Last) (First) (Middle)

108 OWENBY COVE ROAD

(Street)

FAIRVIEW NC 28730

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

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		1,728(1)	A	$78.16	329,715	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. Reporting owner acquired 1,728 unrestricted shares of Class A Common Stock as compensation for their services as a member of the Board of Directors.

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 did BRC director Elizabeth P. Bruno report on Form 4?

Ms. Bruno acquired 1,728 unrestricted Class A shares as board compensation on 10/02/2025 at an indicated price of $78.16, bringing her direct holdings to 329,715 shares.

Was the reported transaction an open-market purchase or company compensation for BRC (ticker: BRC)?

The filing states the shares were compensation for board services, not an open-market purchase or derivative exercise.

Does the Form 4 show any options, warrants, or derivative activity for the reporting person?

No. Table II for derivative securities shows no entries; only non-derivative shares were acquired.

How can I assess whether this grant materially affects Brady Corporation ownership?

Compare the 1,728-share grant and 329,715 post-transaction holding to total shares outstanding reported in the company filings to determine materiality.

Who signed the Form 4 and when was it filed?

The filing shows Heidi Knueppel, Attorney-In-Fact signed the document on 10/06/2025.