Form 4: Brink's Co Director Timothy Joseph Tynan Reports Acquisition of Plan Units

Director Timothy Joseph Tynan acquired plan units equivalent to 14.07 shares of Brink's Co common stock due to a dividend payment, according to a Form 4 filing.

Summary

• On September 3, 2024, Timothy Joseph Tynan, a director of Brink's Co, acquired 14.07 plan units as a result of a dividend payment.
• These plan units are the economic equivalent of Brink's Co (BCO) common stock and will be settled on a one-for-one basis.
• The price per share used for calculating the number of plan units was $106.79, which was the closing price of BCO common stock on the transaction date.
• Following the transaction, Tynan directly owns 1,157.41 plan units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment in the company by a director.

Positives

• The acquisition of plan units reflects continued alignment of the director's interests with those of the shareholders through participation in the dividend reinvestment plan.

Future Outlook

The plan units will be settled in BCO common stock on a one-for-one basis, distributed either upon termination of service from the Board or on a future date selected by the Reporting Person.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, and does not indicate any specific trend in the security services industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects the director's continued investment in the company.

Key Dates