[Form 4] Brady Corporation Insider Trading Activity

Rhea-AI Filing Summary

Thomas F. DeBruine, Chief Operating Officer of Brady Corporation (BRC), received 1,375 restricted stock units that vested on 09/03/2025 and were settled in shares. Each vested unit converted into one share of Class A Common Stock under a three-year performance-based award. To cover required taxes, 645 shares were withheld at an effective price of $77.11 per share, leaving the reporting person with 13,039 shares beneficially owned following the transactions.

The Form 4 was signed by attorney-in-fact Heidi Knueppel on 09/04/2025 and discloses no derivative transactions.

Positive

• Performance-based RSUs vested, converting deferred compensation into equity that aligns executive interests with shareholders
• Clear disclosure of vesting conditions (three-year performance goals), settlement method (one share per RSU), and tax withholding details

Negative

• Significant share withholding (645 shares) to cover taxes reduced the net increase in beneficial ownership
• No cash purchase—the transaction reflects settlement rather than an additional personal investment

Insights

Financial Analyst

TL;DR: Vesting of 1,375 RSUs funded with share settlement increases insider alignment; tax withholding reduced net share gain.

The filing shows a standard performance-based RSU vesting event rather than an open-market purchase or sale. Settlement in shares without cash payout converts deferred compensation into equity, which typically aligns management incentives with shareholders. The withholding of 645 shares at $77.11 is a routine tax-coverage action that reduced the net increase in share count. Overall, this is a routine, non-dilutive insider equity settlement with limited market impact.

Corporate Governance Expert

TL;DR: The disclosure is a routine Form 4 reporting of RSU vesting and tax withholding; documentation and signature are in order.

The Form 4 clearly identifies the reporting person as COO and discloses the nature of the vested awards, including the performance-based vesting condition over three years and share settlement. The report includes an attorney-in-fact signature and a transaction date of 09/03/2025 with filing on 09/04/2025, satisfying standard Section 16 reporting conventions. No governance issues or unusual compensatory structures are disclosed 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

OMB APPROVAL

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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^*

DeBruine Thomas F

(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)
	Chief Operating Officer

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		1,375(1)	A	$0	13,684	D
Class A Common Stock	09/03/2025		F		645(2)	D	$77.11	13,039	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 1,375 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.
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