[Form 4] BRADY CORP Insider Trading Activity

Rhea-AI Filing Summary

Andrew Gorman, General Counsel and Corporate Secretary of Brady Corporation, reported a sale of 272 shares of Class A common stock on 09/19/2025 at a price of $80.45 per share. Following the transaction, he beneficially owned 12,411 shares directly. The filing explains the shares were withheld to cover taxes on 580 restricted stock units that vested on the same date. The Form 4 is signed by Heidi Knueppel as attorney-in-fact on 09/22/2025.

Positive

• Disclosure of tax-withholding on vested RSUs provides transparency about officer compensation mechanics
• Form 4 filed with signature (attorney-in-fact signed 09/22/2025) documenting the transaction

Negative

• Disposition of 272 shares reduced the reporting person's direct holding to 12,411 shares
• No additional context on broader insider activity or future vesting beyond the 580 RSUs is provided

Insights

Corporate Governance Expert

TL;DR: Routine insider withholding to satisfy tax obligations on vested RSUs; not a governance red flag.

This filing documents a common administrative transaction: shares withheld to cover taxes on vested restricted stock units and a small associated disposition of 272 shares at $80.45. The reporting person is an officer and director, and the filing includes required signature and dates. There is no indication of unusual timing, related-party transactions, or derivative activity in this Form 4 that would suggest governance concerns.

Securities Analyst

TL;DR: Minor insider sale associated with RSU vesting; immaterial to company capitalization.

The transaction reflects tax-withholding on 580 RSUs that vested on 09/19/2025; 272 shares were disposed at $80.45, leaving 12,411 shares beneficially owned. This is a standard post-vesting mechanics disclosure rather than a voluntary open-market sale for investment reasons. No derivative positions or additional compensatory grants are reported in this filing.

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

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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)
09/19/2025

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	09/19/2025		F		272(1)	D	$80.45	12,411	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 shares withheld to cover taxes on 580 restricted stock units that vested on September 19, 2025.

Remarks:

	Heidi Knueppel, Attorney-In-Fact	09/22/2025
	** 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 transaction did Brady Corp (BRC) officer Andrew Gorman report on Form 4?

He reported a sale (disposition) of 272 Class A shares on 09/19/2025 at $80.45 per share.

Why were shares disposed in the Brady Corp (BRC) Form 4 filing?

The filing states shares were withheld to cover taxes on 580 restricted stock units that vested on 09/19/2025.

How many Brady Corp (BRC) shares does Andrew Gorman beneficially own after the reported transaction?

The Form 4 reports 12,411 shares beneficially owned following the transaction.

Who signed the Brady Corp (BRC) Form 4 and when?

The Form 4 was signed by Heidi Knueppel, Attorney-In-Fact on 09/22/2025.

Does the Form 4 report any derivative or option transactions for Brady Corp (BRC)?

No. The filing contains only a non-derivative share disposition and an explanation of tax withholding on vested RSUs.