[Form 4] Brady Corporation Insider Trading Activity

Rhea-AI Filing Summary

Andrew Gorman, General Counsel and Corporate Secretary of Brady Corporation (BRC), reported insider transactions dated 09/03/2025. 1,736 restricted stock units vested upon achievement of specified three-year financial performance goals and were settled in shares. To satisfy tax withholding obligations, 815 shares were withheld at a price of $77.11 per share. After these transactions, Mr. Gorman beneficially owned 12,683 shares of Class A common stock. The Form 4 was filed on 09/04/2025 and signed by an attorney-in-fact.

Insights

Corporate Governance Expert

TL;DR: Insider received performance-based RSUs that vested, aligning executive pay with multi-year goals; routine tax withholding occurred.

The filing documents the vesting of 1,736 restricted stock units that were settled in one-for-one shares after performance conditions over a three-year period were met. Such vesting events reflect compensation tied to multi-year financial targets and are common mechanisms to align management incentives with shareholder outcomes. The 815 shares withheld at $77.11 to cover taxes are an administrative step and reduce the post-transaction share count to 12,683. This disclosure is procedural and does not, by itself, indicate a material change to corporate governance or control.

Securities Analyst

TL;DR: Transaction is routine compensation settlement and tax withholding; negligible immediate market impact given size.

The report shows a non-derivative settlement of performance-vested RSUs into common shares and subsequent withholding of 815 shares at $77.11 for tax purposes. The net change in beneficial ownership is explicitly stated as 12,683 shares following settlement. There are no open-market purchases or sales by the reporting person disclosed here, and no derivative transactions. From a securities perspective, this Form 4 records insider compensation mechanics rather than trading activity intended to realize cash gains.

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
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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)
09/03/2025

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	09/03/2025		A		1,736(1)	A	$0	13,498	D
Class A Common Stock	09/03/2025		F		815(2)	D	$77.11	12,683	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 vested upon achievement of certain financial performance goals over a three-year period. Each restricted stock unit was settled solely by delivery of one share of Class A Common Stock.

2. Represents shares withheld to cover taxes on 1,736 restricted stock units that vested on September 3, 2025.

Remarks:

	Heidi Knueppel, Attorney-In-Fact	09/04/2025
	** 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 Andrew Gorman report on Form 4 for BRC?

The report discloses that 1,736 restricted stock units vested and were settled in shares on 09/03/2025, with 815 shares withheld for taxes at $77.11 per share.

How many shares did Andrew Gorman beneficially own after the transactions?

After the reported transactions, Mr. Gorman beneficially owned 12,683 shares of Class A common stock.

Why did 1,736 restricted stock units convert to shares?

The filing states those restricted stock units vested upon achievement of certain financial performance goals over a three-year period and were settled solely by delivery of shares.

What was the tax withholding detail reported on the Form 4?

The filing shows 815 shares were withheld to cover taxes on the vested RSUs at a withholding price of $77.11 per share.

Who signed the Form 4 filing for Andrew Gorman?

The Form 4 was signed by Heidi Knueppel, Attorney-In-Fact on 09/04/2025.