Form 4: Brink's CEO Richard Eubanks Increases Beneficial Ownership Through Deferred Compensation Program

Brink's Co. President and CEO Richard M. Eubanks has increased his beneficial ownership in the company by acquiring 42.84 Program Units through a dividend payment as part of the Key Employees' Deferred Compensation Program.

Summary

• Richard M. Eubanks, President and CEO of The Brink's Company (BCO), acquired 42.84 Program Units on June 2, 2025.
• These Program Units were credited to his stock incentive account as a result of a dividend payment with respect to BCO common stock.
• Each Program Unit is the economic equivalent of one share of BCO common stock and will settle on a one-for-one basis.
• The units were credited based on a closing share price of $82.14 for BCO common stock on June 2, 2025.
• Following this transaction, Mr. Eubanks beneficially owns a total of 14,120.74 Program Units.
• The Program Units are distributed upon termination of employment or on a future date selected by the reporting person at the time of deferral election.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an increase in beneficial ownership by a key executive, aligning their interests with shareholders, even if it's a routine compensation event rather than a direct open-market purchase.

Positives

• The acquisition of additional Program Units by the President and CEO indicates continued alignment of management's interests with those of shareholders.
• The increase in beneficial ownership, even through a deferred compensation program, reflects confidence in the company's long-term performance.

Future Outlook

The document does not provide specific forward-looking statements or guidance beyond the mechanism for future distribution of the Program Units upon termination of employment or a selected future date.

Management Comments

• Program Units (each of which is the economic equivalent of one share of The Brink's Company ('BCO') common stock) credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferred Compensation Program (the 'Program') will settle in BCO common stock on a one-for-one basis and shall be distributed in accordance with the Reporting Person's deferral election either (1) following the Reporting Person's termination of employment with BCO or (2) on a future date selected by the Reporting Person at the time of his or her deferral election.
• In accordance with the terms of the Program, Program Units were credited to the Reporting Person's account as a result of a dividend payment with respect to BCO common stock.
• The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $82.14, which was the closing price of BCO common stock on June 2, 2025, calculated in accordance with the terms of the Program.

Industry Context

This Form 4 filing reflects a routine executive compensation event, specifically the crediting of deferred compensation units tied to dividend payments. Such programs are common across various industries for aligning executive incentives with long-term shareholder value.

Comparison to Industry Standards

• Deferred compensation programs, where executives receive equity-linked units that vest or are distributed upon specific events (like termination or a future date), are a standard practice in executive compensation across publicly traded companies, including those in the industrial and security services sectors like Brink's.
• The mechanism of crediting units based on dividend payments is also a common feature in such plans, ensuring that executives benefit from dividend distributions in a similar manner to direct shareholders, further aligning their interests.

Related Party Transactions

• The transaction involves the acquisition of Program Units by the President and CEO from the company's Key Employees' Deferred Compensation Program, which is a standard compensation arrangement between an executive and the issuer.

Stakeholder Impact

• Shareholders: The transaction reinforces alignment between executive management and shareholder interests, as the CEO's beneficial ownership increases, tying his future compensation to the company's stock performance and dividend policy.

Next Steps

• The acquired Program Units will be distributed to Richard M. Eubanks in BCO common stock either following his termination of employment with BCO or on a future date he selected at the time of his deferral election.

Key Dates

Keywords

Brink's Co., BCO, Richard M. Eubanks, SEC Form 4, Insider Transaction, Beneficial Ownership, Deferred Compensation, Dividend Reinvestment, Executive Compensation, Corporate Governance