Form 4: Brink's CFO Kurt McMaken Reports Stock Incentive Account Activity

EVP and CFO of Brink's, Kurt McMaken, reports activity in his stock incentive account related to deferred compensation.

Summary

• Kurt McMaken, EVP and Chief Financial Officer of Brink's, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The transaction involves the acquisition of 68.52 Program Units under the Key Employees' Deferred Compensation Program on May 31, 2024.
• These Program Units are the economic equivalent of Brink's common stock and will be settled on a one-for-one basis upon termination of employment or on a future date selected by McMaken.
• The units were credited to McMaken's stock incentive account based on a share price of $103.24, the closing price of BCO common stock on the final trading day of the month.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.

Future Outlook

The Program Units will be settled in BCO common stock upon McMaken's termination of employment or on a future date selected by him.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation practices.

Key Dates