Form 4: Brink's EVP Daniel J. Castillo Reports Acquisition of Program Units

EVP Daniel J. Castillo reports acquisition of program units equivalent to 71.25 shares of Brink's common stock through a deferred compensation program.

Summary

• Daniel J. Castillo, an EVP at Brink's Co, filed a Form 4 on November 4, 2024, reporting a transaction that occurred on October 31, 2024.
• The transaction involved the acquisition of 71.25 Program Units under the Key Employees' Deferred Compensation Program.
• These Program Units are the economic equivalent of Brink's (BCO) common stock and will be settled on a one-for-one basis.
• The units were credited to Castillo's stock incentive account based on a share price of $102.79, which was the closing price of BCO common stock on the last trading day of the month.
• Following the reported transaction, Castillo beneficially owns 2,116.18 Program Units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment with shareholder interests.

Positives

• The acquisition of Program Units reflects ongoing participation in the company's deferred compensation program, aligning executive incentives with shareholder value.

Future Outlook

The Program Units will be settled in BCO common stock upon termination of employment or on a future date selected by the reporting person.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.

Key Dates