Form 4: Brink's CFO Kurt McMaken Reports Stock Transactions

EVP and CFO of Brink's, Kurt McMaken, reports the withholding of shares for tax obligations and acquisition of program units.

Summary

• Kurt McMaken, the EVP and Chief Financial Officer of Brink's Co, filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2024, 625 shares of common stock were withheld to cover tax obligations related to vested Restricted Stock Units at a price of $82.43.
• As of March 3, 2024, McMaken beneficially owns 19,992 shares of Brink's common stock, including unvested Restricted Stock Units.
• On February 29, 2024, McMaken acquired 62.88 Program Units under the Key Employees' Deferred Compensation Program at a price of $82.83.
• 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.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions. No strong positive or negative implications can be derived.

Positives

• The acquisition of Program Units demonstrates McMaken's continued investment and alignment with the company's long-term performance.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates