[Form 4] BRADY CORP Insider Trading Activity

Rhea-AI Filing Summary

Andrew Gorman, serving as General Counsel & Corporate Secretary, reported changes in his beneficial ownership of Brady Corporation (BRC) securities on 10/02/2025. He was granted 2,559 restricted stock units (RSUs) that vest one‑third each year over the following three years and will settle in one share of Class A Common Stock per unit at no cash exercise price ($0). On the same date 1,740 RSUs vested, and 817 shares were withheld to cover taxes at an effective price of $78.16 per share, reducing his post‑transaction direct holdings to 14,153 Class A shares. The Form 4 was signed by an attorney‑in‑fact on 10/06/2025.

Positive

• 2,559 restricted stock units granted with one‑third annual vesting supports retention
• RSUs settle in Class A shares at $0 exercise price, aligning pay with equity performance

Negative

• 817 shares withheld to cover taxes reduced direct holdings to 14,153 shares
• Vesting over three years will incrementally increase share count as RSUs convert to stock

Insights

Corporate Governance Analyst

TL;DR: A routine executive RSU grant plus tax withholding adjusted direct holdings modestly.

The filing shows a standard retention grant of 2,559 RSUs that vest in three equal annual tranches, which aligns compensation with multi‑year service and retention objectives. The grant has no exercise price and will be settled in Class A common shares upon vesting, increasing potential future share dilution only as units convert to stock over time.

The simultaneous vesting of 1,740 RSUs and withholding of 817 shares to satisfy tax obligations reduced direct holdings to 14,153 shares immediately. Monitor annual vesting dates over the next 3 years for incremental share delivery and any further sell/withhold activity that would affect outstanding shares and insider ownership percentages.

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^*

Gorman Andrew

(Last) (First) (Middle)

6555 W. GOOD HOPE ROAD

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel&Corp Secretary

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		2,559(1)	A	$0	14,970	D
Class A Common Stock	10/02/2025		F		817(2)	D	$78.16	14,153	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 1,740 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 did Brady Corporation insider Andrew Gorman report on Form 4 (BRC)?

He reported a grant of 2,559 restricted stock units on 10/02/2025, vesting one‑third annually, and 817 shares withheld to cover taxes on vested RSUs.

How many Class A shares does Andrew Gorman beneficially own after the transactions?

Following the transactions, he beneficially owns 14,153 Class A shares directly.

What was the price used for the tax withholding on the vested RSUs?

The shares withheld to cover taxes were recorded at $78.16 per share.

When do the newly granted RSUs vest and how are they settled?

The 2,559 RSUs vest one‑third each year for three years and will be settled solely by delivery of one share of Class A Common Stock per RSU.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 was signed by Heidi Knueppel, Attorney‑In‑Fact on 10/06/2025.