Form 4: Brink's Company EVP Daniel J. Castillo Reports Acquisition of Program Units

EVP Daniel J. Castillo reports acquisition of program units convertible to Brink's Company common stock through a deferred compensation program.

Summary

• On January 31, 2025, Daniel J. Castillo, an Executive Vice President at Brink's Company, reported the acquisition of 60.36 Program Units.
• These Program Units are the economic equivalent of Brink's Company (BCO) common stock.
• The units were credited to Castillo's stock incentive account under the Key Employees' Deferred Compensation Program.
• The price per unit was $93.33, based on the closing price of BCO common stock on the last trading day of the month.
• Following the transaction, Castillo beneficially owns 2,336.48 Program Units.
• The Program Units will settle in BCO common stock on a one-for-one basis upon termination of employment or on a future date selected by Castillo.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing program. The sentiment is neutral to slightly positive as it reflects continued investment in the company by an executive.

Positives

• The acquisition of Program Units reflects continued participation in the company's deferred compensation program.
• The deferred compensation program aligns executive compensation with the long-term performance of the company.

Future Outlook

The Program Units will settle in BCO common stock on a one-for-one basis upon termination of employment or on a future date selected by Castillo.

Industry Context

Executive compensation practices, including deferred compensation programs, are common in publicly traded companies to align management interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard component of executive compensation packages in publicly traded companies, including Brink's competitors such as GardaWorld and Prosegur.
• These plans typically allow executives to defer a portion of their salary or bonus into company stock or other investments, which vest over time and are paid out upon retirement or termination of employment.
• The specific terms of these plans, such as the deferral rate, vesting schedule, and payout options, can vary widely depending on the company and the executive's level.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Daniel J. Castillo, Brink's Company, BCO, Program Units, Deferred Compensation, Stock Incentive