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

Brink's Executive Vice President and CHRO Elizabeth A. Galloway acquired 48.79 program units under a deferred compensation plan, equivalent to company common stock.

Summary

• Elizabeth A. Galloway, Executive Vice President and Chief Human Resources Officer (CHRO) of The Brink's Company (BCO), acquired 48.79 derivative securities, referred to as 'Program Units'.
• These Program Units are economic equivalents of one share of Brink's common stock and were credited to her stock incentive account under the Key Employees' Deferral Compensation Program.
• The transaction date for this acquisition was November 28, 2025.
• The number of Program Units credited was based on a share price of $112.33, which was the closing price of BCO common stock on the final trading day of the month.
• Following this transaction, Ms. Galloway beneficially owns 2,255.72 derivative securities (Program Units).
• 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 Ms. Galloway.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it reflects a routine executive compensation deferral into equity-linked units, aligning management's interests with shareholders. It is not a direct market purchase but indicates continued participation in the company's long-term incentive structure.

Positives

• The acquisition of Program Units aligns executive compensation with shareholder interests, as the value of these units is tied directly to the company's common stock performance.
• Participation in the Key Employees' Deferral Compensation Program indicates a commitment from key management personnel to the company's long-term success.

Future Outlook

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

Industry Context

This transaction is a routine executive compensation event, common across publicly traded companies, where executives defer a portion of their compensation into equity-linked instruments to align their interests with shareholders and for tax planning purposes.

Comparison to Industry Standards

• Deferred compensation programs, where executives receive equity-linked units instead of immediate cash, are a standard practice in corporate compensation structures across various industries, including logistics and security services like Brink's.
• Companies such as G4S plc (now part of Allied Universal) and Securitas AB, major competitors in the security industry, also utilize similar long-term incentive plans and deferred compensation schemes to retain and incentivize key management.

Stakeholder Impact

• Shareholders: The transaction aligns the interests of a key executive with shareholders, as her deferred compensation is tied to the performance of BCO common stock.
• Employees: The Key Employees' Deferral Compensation Program provides a mechanism for executive retention and long-term incentive, potentially contributing to stable leadership.

Next Steps

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

Key Dates

Keywords

Brink's Company, BCO, Elizabeth A. Galloway, EVP, CHRO, Deferred Compensation, Stock Incentive, Program Units, Insider Transaction, Executive Compensation