[Form 4] BRADY CORP Insider Trading Activity

Rhea-AI Filing Summary

Ann Thornton, who serves as CFO and Treasurer of Brady Corp (BRC), reported changes in beneficial ownership dated 10/02/2025. She was granted 5,438 restricted stock units (RSUs) that vest one third each year over the next three years and will settle in Class A common stock when vested. Following the grant, her total direct holdings rose to 30,738 shares.

Also on 10/02/2025, 1,803 shares were withheld to cover taxes on 3,840 RSUs that vested that day; the withholding was recorded at $78.16 per share and left her with 28,935 shares outstanding. The form was signed by an attorney-in-fact on 10/06/2025.

Positive

• 5,438 RSU grant strengthens executive retention via multi-year vesting
• Vesting schedule (one third annually) aligns executive incentives with long-term performance

Negative

• 1,803 shares withheld for taxes reduced direct share count to 28,935
• Potential dilution as remaining RSUs vest over the next two years

Insights

Corporate Governance Analyst

Grant and tax-withholding are routine executive compensation events, not a sale.

The reporting shows a grant of 5,438 RSUs to the CFO that vest in three equal annual tranches; upon vesting each RSU converts to one share of Class A common stock. This is a standard retention and compensation mechanism linking pay to continued service.

Shares withheld (1,803) to cover taxes on 3,840 vested RSUs reduced direct holdings to 28,935 shares. Monitor the remaining vesting tranches over the next two years for future dilution and potential tax-withhold events.

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^*

Thornton Ann

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Treasurer

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		5,438(1)	A	$0	30,738	D
Class A Common Stock	10/02/2025		F		1,803(2)	D	$78.16	28,935	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 3,840 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 transactions did Ann Thornton report for Brady Corp (BRC)?

She reported a grant of 5,438 RSUs and withholding of 1,803 shares to cover taxes on 3,840 RSUs that vested on 10/02/2025.

How many shares does Ann Thornton beneficially own after these transactions?

Following the transactions her direct beneficial ownership was reported as 28,935 shares.

What is the vesting schedule for the granted RSUs?

The RSUs vest in three equal tranches: one third each year for the three years after the grant date, each settled in one share of Class A common stock upon vesting.

At what price were shares withheld to cover taxes?

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

Who signed the Form 4 filing for Ann Thornton?

The form was signed by Heidi Knueppel, Attorney-In-Fact on 10/06/2025.