Form 4: Brink's EVP & CHRO Defers Compensation into Stock Units

Elizabeth A. Galloway, EVP and CHRO of Brink's Co., acquired 37.63 Program Units through a deferred compensation plan, increasing her beneficial ownership to 2,111.57 units.

Summary

• Elizabeth A. Galloway, Executive Vice President and Chief Human Resources Officer (EVP and CHRO) of The Brink's Company (BCO), acquired 37.63 derivative securities, specifically "Program Units."
• The transaction occurred on August 29, 2025.
• These Program Units are economic equivalents of BCO common stock, settling on a one-for-one basis in BCO common stock.
• The acquisition was part of the Key Employees' Deferral Compensation Program, where deferred compensation and/or matching amounts are converted into Program Units.
• The units were credited based on a share price of $112.04, which was the closing price of BCO common stock on the final trading day of the month.
• Following this transaction, Ms. Galloway beneficially owns 2,111.57 Program Units.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates management's continued investment in the company through a deferred compensation plan, aligning their interests with shareholders. It's a routine event, so not highly impactful.

Positives

• Increased alignment of executive compensation with shareholder interests through stock-based deferral.
• Demonstrates management's continued participation in the company's long-term incentive programs.

Future Outlook

Program Units will settle in BCO common stock on a one-for-one basis and will be distributed in accordance with the reporting person's deferral election, either following termination of employment or on a selected future date.

Industry Context

This is a routine insider transaction related to executive compensation, common across publicly traded companies to align management incentives with shareholder value. It does not reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• Deferred compensation programs involving equity-linked units are a standard practice in executive compensation across various industries, including the security and logistics sector where Brink's operates.
• Companies like G4S plc or Loomis AB also utilize similar long-term incentive plans to retain key talent and align their interests with company performance. The specific terms, such as the conversion rate and distribution triggers, are typical for such plans.

Stakeholder Impact

• Shareholders: Positive, as it shows management's continued alignment with shareholder interests through equity ownership.
• Employees: No direct impact on general employees, but reflects a benefit for key employees.

Next Steps

• Program Units will be distributed in BCO common stock upon the reporting person's termination of employment or on a future date selected at the time of deferral election.

Key Dates

Keywords

Brink's Co, BCO, Elizabeth A Galloway, Form 4, Insider Transaction, Deferred Compensation, Stock Units, Executive Compensation, Beneficial Ownership