[Form 4] BRADY CORP Insider Trading Activity

Rhea-AI Filing Summary

Insider stock activity at Brady Corporation (BRC): An officer, President Americas & Asia Olivier Bojarski, received 5,438 restricted stock units that will vest one third each year over the three years after the grant; each unit converts into one share of Class A Common Stock on vesting. On 10/02/2025, 1,761 shares were reported sold/withheld at a price of $78.16 to cover taxes on 3,749 vested units. After these transactions the reporting person beneficially owned 20,451 shares.

The filing shows compensation-related equity grants with scheduled multi-year vesting and an associated tax-withholding disposition rather than an open-market sale. The actions are routine for executive equity compensation and affect the officer’s reported direct ownership levels.

Positive

• 5,438 restricted stock units granted with staged vesting supports executive retention
• RSU settlement by delivery of shares (not cash), maintaining equity alignment with shareholders

Negative

• 1,761 shares withheld at $78.16 to cover taxes reduced direct share count to 20,451

Insights

Compensation & Equity Plan Expert

Granted RSUs with standard multi-year vesting; withholding used to cover taxes.

The filing documents a grant of 5,438 restricted stock units that vest in three equal annual tranches, meaning ownership increases gradually as shares are delivered on each vesting date. The report also records 1,761 shares withheld at $78.16 to satisfy tax obligations on 3,749 vested units.

This is consistent with common executive compensation practice to retain alignment while meeting tax liabilities; monitor the remaining vesting schedule over the next 3 years for additional delivered shares and any further withholding events.

Corporate Governance Analyst

Transactions reflect routine equity-compensation mechanics, not strategic share disposal.

The pattern—award of RSUs plus withholding to cover taxes—reduces reported beneficial ownership from 22,212 to 20,451 shares after the tax-related disposition. This preserves long-term incentive alignment while meeting tax obligations.

Investors may note the officer remains a direct beneficial owner with ongoing vesting; watch for future Form 4 filings around each vesting tranche for changes in ownership or additional withholding.

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^*

Bojarski Olivier

(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)
	President Americas & Asia

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	22,212	D
Class A Common Stock	10/02/2025		F		1,761(2)	D	$78.16	20,451	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 3,749 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 Olivier Bojarski report on Form 4 for BRC?

He reported a grant of 5,438 restricted stock units and a withholding/disposition of 1,761 shares at $78.16 to cover taxes on 3,749 vested units.

How do the reported restricted stock units vest?

The 5,438 RSUs vest in three equal annual tranches—one third each year over the following 3 years—and each vests into one share of Class A Common Stock.

How many shares does the reporting person own after the transactions?

Following the transactions the reporting person beneficially owned 20,451 shares of Class A Common Stock.

Was the 1,761-share transaction an open-market sale?

No; the 1,761 shares were withheld to cover taxes on vested RSUs rather than being an open-market cash sale.

What price was used for the tax-withholding disposition?

The withholding was reported at a price of $78.16 per share.