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

Executive Vice President of Brink's, Daniel J. Castillo, reports the acquisition of program units equivalent to common stock under the company's deferred compensation program.

Summary

• On April 30, 2025, Daniel J. Castillo, an Executive Vice President at Brink's, acquired 127.7 program units under the Key Employees' Deferred Compensation Program.
• These program units are the economic equivalent of Brink's common stock and will be settled on a one-for-one basis.
• The units were credited to Castillo's stock incentive account as part of his deferred compensation.
• The price per unit was $89.24, based on the closing price of BCO common stock on the last trading day of the month.
• Following the transaction, Castillo directly owns 3,332.89 program units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and alignment with company performance.

Positives

• The acquisition of program units reflects ongoing participation in the company's deferred compensation program.
• The program aligns executive compensation with the company's stock performance.

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

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation programs are a common practice among publicly traded companies to align executive incentives with shareholder value.
• The Brink's program appears consistent with industry standards for executive compensation.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Brink's, BCO, Daniel J. Castillo, Executive Vice President, Program Units, Deferred Compensation, Stock Incentive, Beneficial Ownership