Form 4: Brink's Co Director Timothy Joseph Tynan Reports Acquisition of Plan Units
SEC Form 4 Filing
Director Timothy Joseph Tynan reports acquisition of Brink's Co plan units due to dividend payment.
Summary
- On June 3, 2024, Timothy Joseph Tynan, a director of Brink's Co, acquired 14.55 plan units as a result of a dividend payment related to BCO common stock.
- These plan units are the economic equivalent of BCO common stock and will be settled on a one-for-one basis.
- The price per share used to calculate the number of plan units was $103.03, which was the closing price of BCO common stock on June 3, 2024.
- Following the transaction, Tynan directly owns 1,143.34 plan units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive.
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 reflects routine compensation practices for board members, aligning their interests with shareholders through equity-based compensation.
Stakeholder Impact
- The transaction aligns the director's interests with those of the shareholders through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of transaction: Acquisition of plan units due to dividend payment. |
| 06/05/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.