Form 4: Brink's Co Director Michael J Herling Reports Changes in Beneficial Ownership

Director Michael J Herling reports acquisition of 15.67 DSAP Units due to dividend payment under the Directors' Stock Accumulation Plan.

Summary

• On March 1, 2024, Michael J Herling, a director of Brink's Co, acquired 15.67 DSAP Units as a result of a dividend payment related to Brink's Co common stock.
• These units were credited to his account under the terms of the Directors' Stock Accumulation Plan (DSAP).
• The price per share used for calculating the number of units was $82.43, which was the closing price of BCO common stock on the transaction date.
• Following the transaction, Herling beneficially owns 5,885.71 DSAP Units.
• These DSAP Units are the economic equivalent of one share of BCO common stock each and will be distributed as BCO common stock upon termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and alignment with shareholder interests.

Positives

• The acquisition of DSAP units indicates continued alignment of the director's interests with those of the shareholders.

Future Outlook

The director will receive a distribution in Brink's Co common stock for all DSAP Units upon termination of service as a director.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Director stock accumulation plans are a common form of executive compensation in publicly traded companies.
• Companies like ADT Inc. and Garda World Security also utilize similar compensation strategies to align director and shareholder interests.
• The specific terms of the DSAP, such as the vesting schedule and distribution method, are typical for such plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates