BCO.NYSEBrinks CO

Form 4: Brink's Company Executive Lindsay K. Blackwood Reports Acquisition of Program Units

Sentiment:

SEC Form 4 Filing


EVP & General Counsel of Brink's Company, Lindsay K. Blackwood, reports the acquisition of program units equivalent to common stock due to a dividend payment.

Summary

  • On September 3, 2024, Lindsay K. Blackwood, EVP & General Counsel of Brink's Company, acquired 12.88 program units under the Key Employees' Deferred Compensation Program.
  • These program units are the economic equivalent of Brink's Company (BCO) common stock.
  • The acquisition resulted from a dividend payment and will settle in BCO common stock on a one-for-one basis.
  • The distribution will occur either upon termination of employment or on a future date selected by Blackwood.
  • Following the transaction, Blackwood beneficially owns 5,745.19 program units.
  • The price of BCO common stock on September 3, 2024, was $106.79, which was used to calculate the number of program units credited.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation and alignment of interests with shareholders through stock ownership. There are no indications of negative performance or concerns.

Future Outlook

The program units will settle in BCO common stock 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, providing transparency into executive compensation and ownership within Brink's Company.

Stakeholder Impact

  • The transaction aligns executive interests with shareholders through stock ownership.

Key Dates

DateDescription
09/03/2024Date of transaction: Lindsay K. Blackwood acquired program units.
09/05/2024Date of report filing.

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