Form 4: Brink's CEO Richard M. Eubanks Acquires Additional Program Units Under Deferred Compensation Plan

Richard M. Eubanks, President and CEO of Brink's Co, acquired 89.29 program units, equivalent to shares of BCO common stock, through the company's deferred compensation program on January 31, 2025.

Summary

• On January 31, 2025, Richard M. Eubanks, the President and CEO of Brink's Co (BCO), acquired 89.29 program units under the Key Employees' Deferred Compensation Program.
• These program units are economically equivalent to shares of BCO common stock and will be settled on a one-for-one basis.
• The acquisition occurred as part of the monthly conversion of deferred compensation and matching amounts into program units.
• The price per program unit was $93.33, based on the closing price of BCO common stock on the last trading day of the month.
• Following the transaction, Eubanks directly owns 9,938.7 program units.
• The program units will be distributed either upon Eubanks' termination of employment or on a future date selected by him at the time of deferral election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction related to executive compensation, indicating alignment between management and shareholders.

Positives

• The acquisition of program units by the CEO demonstrates his continued investment and alignment with the company's performance.
• The deferred compensation program allows key employees to accumulate company stock, potentially incentivizing long-term value creation.

Future Outlook

The program units will be settled in BCO common stock either upon the Reporting Person's termination of employment with BCO or on a future date selected by the Reporting Person at the time of his or her deferral election.

Industry Context

Executive compensation packages often include deferred compensation plans to align management's interests with those of shareholders. This Form 4 filing reflects a routine transaction within such a plan.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to incentivize and retain key executives.
• The specific terms of Brink's Co's plan, such as the monthly conversion of deferred compensation into program units, are tailored to the company's needs and executive compensation strategy.
• Similar programs can be found at companies like ADT and G4S, where executives receive stock-based compensation as part of their overall remuneration.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CEO's interests with the company's long-term performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Richard M. Eubanks, Brink's Co, BCO, Deferred Compensation, Program Units, Stock Incentive