Form 4: Brink's EVP Daniel J. Castillo Reports Acquisition of Program Units
SEC Form 4 Filing
EVP Daniel J. Castillo reports acquisition of program units convertible to Brink's common stock through a deferred compensation program.
Summary
- On April 30, 2024, Daniel J. Castillo, an EVP at Brink's Co [BCO], acquired program units under the Key Employees' Deferred Compensation Program.
- These program units are the economic equivalent of BCO common stock and will be settled on a one-for-one basis.
- A total of 83.73 program units were credited to Castillo's stock incentive account.
- The price per unit was $87.46, based on the closing price of BCO common stock on the final trading day of the month.
- Following the transaction, Castillo directly owns 1,698.35 program units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing compensation plan. It's neither overly positive nor negative.
Future Outlook
The program units will settle in BCO common stock on a one-for-one basis upon termination of employment or on a future date selected by the reporting person.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Acquisition of Program Units |
| 05/02/2024 | Date of report filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.