Form 4: Brink's Company Executive McMaken Reports Stock Incentive Account Activity
SEC Form 4 Filing
EVP and CFO Kurt McMaken reports activity in his stock incentive account related to deferred compensation.
Summary
- On August 30, 2024, Kurt McMaken, EVP and CFO of Brink's Company, reported activity in his stock incentive account.
- This activity involves the acquisition of 63.77 Program Units, each equivalent to one share of Brink's Company (BCO) common stock, at a price of $110.93.
- These Program Units are credited to McMaken's stock incentive account under the Key Employees' Deferred Compensation Program.
- The units will settle in BCO common stock on a one-for-one basis, distributed either upon termination of employment or on a future date selected by McMaken.
- Following this transaction, McMaken beneficially owns 2,541.96 Program Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Future Outlook
The Program Units will settle in BCO common stock on a one-for-one basis, distributed either upon termination of employment or on a future date selected by McMaken.
Industry Context
This filing is a routine disclosure related to executive compensation and deferred compensation programs, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and potential future dilution.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of Program Units |
| 09/04/2024 | Date of report filing |
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