Form 4: Brink's CFO Acquires Deferred Stock Units

Brink's Chief Financial Officer, Kurt B. McMaken, acquired 62.88 program units under a deferred compensation plan, increasing his beneficial ownership to 4,433.55 units.

Summary

• Kurt B. McMaken, Executive Vice President and Chief Financial Officer of The Brink's Company (BCO), acquired 62.88 Program Units.
• These Program Units are the economic equivalent of one share of BCO common stock and were credited to his stock incentive account under the Key Employees' Deferral Compensation Program.
• The transaction occurred on December 31, 2025, with the units valued at $116.73 each, based on the closing price of BCO common stock on the final trading day of the month.
• Following this acquisition, McMaken's total beneficial ownership of Program Units stands at 4,433.55.
• The Program Units will settle in BCO common stock on a one-for-one basis, distributed either upon termination of employment or on a future date selected by McMaken.

Sentiment

Score: 6

Explanation: This is a routine, pre-planned executive compensation transaction, indicating continued participation in the company's equity-linked programs. It is not a discretionary open-market purchase or sale, thus having a neutral to slightly positive sentiment due to management alignment.

Positives

• Increased alignment of executive interests with shareholder interests through additional equity-linked compensation.

Future Outlook

The Program Units will settle in BCO common stock on a one-for-one basis upon the reporting person's termination of employment or on a future date selected by the reporting person.

Industry Context

This is a routine insider transaction related to executive compensation, reflecting a standard mechanism for aligning executive incentives with company performance within the industry.

Comparison to Industry Standards

• Deferred compensation programs, where executives elect to defer a portion of their compensation into equity-linked units, are a common practice across various industries to promote long-term alignment with shareholder interests. This transaction aligns with typical executive compensation structures seen in publicly traded companies.

Related Party Transactions

• Acquisition of 62.88 Program Units by Kurt B. McMaken, EVP, Chief Financial Officer, under the Key Employees' Deferral Compensation Program, which is a standard executive compensation arrangement.

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with shareholder value through equity-linked compensation.
• Employees: Reflects the company's executive compensation structure, potentially influencing retention and motivation of key personnel.

Next Steps

• Program Units will settle in BCO common stock upon the reporting person's termination of employment or a selected future date, as per the deferral election.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary acquisition of deferred compensation units by a key executive. It reflects the ongoing operation of an executive compensation plan and does not signal any new strategic direction, financial performance, or discretionary insider sentiment that would warrant a change in investment recommendation. It primarily indicates continued executive alignment with the company's long-term performance.

Keywords

BRINKS CO, BCO, Form 4, insider transaction, beneficial ownership, deferred compensation, executive compensation, stock units, Kurt B. McMaken