Form 4: Brink's Director Michael J. Herling Reports Stock Accumulation Plan Transaction

Director Michael J. Herling reports acquisition of DSAP units due to dividend payment under the Directors' Stock Accumulation Plan.

Summary

• Michael J. Herling, a director of Brink's Co [BCO], reported a transaction on March 3, 2025.
• The transaction involved the acquisition of 16.24 DSAP Units under the Directors' Stock Accumulation Plan (DSAP).
• These units were credited to Herling's account as a result of a dividend payment related to BCO common stock.
• The price per share used for calculating the DSAP Units was $88.51, which was the closing price of BCO common stock on March 3, 2025.
• Following the reported transaction, Herling beneficially owns 5,943.96 DSAP Units.
• These DSAP Units are the economic equivalent of one share of BCO common stock each and will be distributed as BCO common stock upon termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a routine transaction related to director compensation and dividend payments, indicating a stable financial position for the company.

Positives

• The acquisition of DSAP units reflects continued participation in the Directors' Stock Accumulation Plan.
• The dividend payment leading to the acquisition suggests ongoing profitability and shareholder returns for Brink's Co.

Future Outlook

The director will receive a distribution in BCO common stock with respect to all DSAP Units in the Reporting Person's account on a one-for-one basis following the Reporting Person's termination of service as a director.

Industry Context

Directors' stock accumulation plans are common in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock-based incentives to encourage long-term value creation.
• Companies like ADT Inc. and GardaWorld also utilize similar stock-based compensation plans for their executives and directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates