Form 4: Brink's EVP and CHRO Elizabeth Galloway Reports Acquisition of Program Units

Elizabeth Galloway, EVP and CHRO of Brink's, reports the acquisition of program units equivalent to 2.04 shares of BCO common stock due to a dividend payment, according to a Form 4 filing.

Summary

• Elizabeth Galloway, EVP and CHRO of The Brink's Company (BCO), filed a Form 4 on June 5, 2024, reporting a transaction that occurred on June 3, 2024.
• The transaction involved the acquisition of 2.04 program units, each economically equivalent to one share of BCO common stock, credited to her stock incentive account under the Key Employees' Deferred Compensation Program.
• These program units were acquired as a result of a dividend payment related to BCO common stock.
• The price per share used for calculating the number of program units was $103.03, the closing price of BCO common stock on June 3, 2024.
• Following the reported transaction, Galloway directly owns 918.21 program units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating standard corporate practices. There are no apparent negative implications, and the information is presented factually.

Positives

• The acquisition of program units through dividend payments is a standard part of the Key Employees' Deferred Compensation Program, indicating consistent application of the program's terms.

Future Outlook

The program units will settle in BCO common stock on a one-for-one basis and will be distributed either upon termination of employment or on a future date selected by the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates standard compensation practices at Brink's.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.

Key Dates