[Form 4] BRADY CORP Insider Trading Activity

Rhea-AI Filing Summary

Brady Corporation director Vineet A. Nargolwala acquired 1,728 shares of Class A common stock as board compensation and elected to defer those shares into his Brady Corporation Deferred Compensation account. The transaction was reported with a transaction date of 10/02/2025 and shows an acquisition price of $78.16 per share. After this election, the reporting person beneficially owns 11,069 shares on an indirect basis via the deferred compensation arrangement. The filing is a routine Section 16 Form 4 disclosing non-derivative equity granted for board service.

Insights

Corporate Governance Analyst

Director received equity compensation and deferred it into a company plan.

Board compensation was settled in 1,728 unrestricted Class A shares at $78.16 each and then elected into a deferred compensation account, which changes the ownership form to indirect. This preserves economic exposure while conforming to the director's compensation election.

The main dependency is the deferred compensation plan's terms, which determine voting rights and timing for distribution; those terms are not disclosed here. Monitor any future Form 4s for distributions or sales that will change the reported indirect ownership over a typical post-service or plan-specified horizon.

Equity Compensation Specialist

Grant reflects normal board pay practices rather than a market trade.

The reported entry is compensation for board service rather than an open-market purchase, and the filing notes the shares were unrestricted before deferral. Election to defer converts direct shareholding into an indirect interest in a deferred compensation account, which often affects tax timing but may retain economic exposure to the stock.

Key items to watch are any later reports showing the deferred shares released or sold, and whether deferral changes the effective reporting classification; such events would typically appear on subsequent Form 4s or Form 5 filings within months to years depending on plan rules.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nargolwala Vineet A

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 — 11,069 shares (Indirect, Deferred Compensation)

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^*

Nargolwala Vineet A

(Last) (First) (Middle)

37 LYNBROOK ROAD

(Street)

SOUTHBOROUGH MA 01772

(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	11,069	I	Deferred Compensation

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. Reporting owner has elected to defer the stock into his Brady Corporation Deferred Compensation account.

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.
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