Form 4: Brink's Co. Controller Michael E. Sweeney Reports Acquisition of Program Units

Michael E. Sweeney, Controller of Brink's Co., reports the acquisition of program units equivalent to common stock due to a dividend payment.

Summary

• On June 3, 2024, Michael E. Sweeney, Controller of Brink's Co. [BCO], acquired 1.05 program units.
• These program units are the economic equivalent of Brink's Co. common stock.
• The acquisition resulted from a dividend payment under the Key Employees' Deferred Compensation Program.
• The price per unit was calculated based on the closing price of BCO common stock on June 3, 2024, which was $103.03.
• Following the transaction, Sweeney directly owns 449.03 program units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a routine transaction related to executive compensation.

Future Outlook

The program units will settle in BCO common stock on a one-for-one basis and will be distributed upon termination of employment or on a future date selected by the reporting person.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of program units by a company insider as part of a deferred compensation plan.
• It provides transparency to shareholders regarding insider transactions.

Key Dates