Brady Corp SEC Filings

Brady Corporation entered into a Change of Control Agreement with Andrew T. Gorman, its General Counsel and Secretary, replacing his prior April 6, 2020 agreement. The new agreement, approved by the Management Development and Compensation Committee, aligns Mr. Gorman’s severance arrangements with those of other named executive officers. It provides that if Mr. Gorman experiences a qualifying termination within 24 months after a change of control, he would receive two times his annual base salary and two times his target bonus. The filing notes the written agreement is filed as Exhibit 10.1 and the summary here is qualified by that document.

Russell Shaller, President & CEO and a director of Brady Corporation (BRC), reported multiple transactions on 09/18/2025 showing option exercises and contemporaneous market sales. He exercised options tied to two strike prices: $35.14 (2,448 options) and $36.85 (21,295 options), producing corresponding underlying Class A shares. Total beneficial ownership after the transactions is reported as 135,080 and 156,375 shares in different lines, reflecting exercises and sales. The sales were executed in multiple trades at prices of $80.64 and $80.00. Options vest one-third each year over three years per the filing.

BRADY CORP (BRC) Form 144 notice reports a proposed sale of 23,743 Class A shares on the NYSE with an aggregate market value of $1,901,006.72 and 43,555,822 shares outstanding. The filing shows the shares were acquired on 09/18/2025 via option exercises originally granted on 09/23/2016 (2,448 shares) and 09/22/2017 (21,295 shares), with payment listed as cash on 09/18/2025. The filer indicates there have been no securities sold in the past three months for the account. The notice includes the standard representation that the person does not possess undisclosed material adverse information about the issuer. Several identifying fields for the filer and issuer (names, CIK, contact details) are not provided in the text supplied.

Brady Corporation (BRC) Director and President & CEO Russell Shaller reported equity activity on a Form 4 showing restricted stock units vesting and a subsequent tax-withholding sale. On 09/03/2025, 17,416 restricted stock units vested, each settled by one share of Class A common stock, and those shares were recorded as acquired at $0 for vesting purposes. To cover taxes on the vesting, 8,184 shares were withheld and disposed of at $77.11 per share. After these transactions, Mr. Shaller beneficially owned 135,080 shares of Class A common stock. The filing was signed by an attorney-in-fact on 09/04/2025.

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.

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.

Brady Corporation (BRC) reported results for the fiscal year ended July 31, 2025. Gross margin rose to $760.8 million but declined as a percentage of sales to 50.3%. Operating income fell to $236.6 million (15.6% of sales) from $243.4 million the prior year, driven by acquisition-related inventory fair value adjustments, facility closure and reorganization costs, and incremental amortization.

Brady completed three acquisitions in fiscal 2025: Gravotech, American Barcode & RFID (AB&R), and the Microfluidic Solutions business, which increased goodwill and intangible assets. R&D investment rose to $79.9 million. Cash and cash equivalents were $174.3 million with available credit of $198.1 million (expandable by conditions), totaling $1,267.4 million of liquidity. The auditor issued an unqualified opinion on the financials and internal control.

Olivier Bojarski, identified as President Americas & Asia of Brady Corporation (BRC), reported a change in beneficial ownership relating to restricted stock units that vested on 08/25/2025. The Form 4 shows 1,920 shares were disposed of at a price of $76.25, and the filing states these shares were withheld to cover taxes on 4,087 RSUs that vested the same day. After the withholding, the reporting person beneficially owned 16,774 shares. The Form 4 was signed by an attorney-in-fact on 08/26/2025. The form is a routine disclosure of equity compensation-related withholding.