Form 4: Brink's EVP Dominik Bossart Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dominik Bossart, EVP of Brink's, reports acquisition of program units convertible to common stock through a deferred compensation program.
Summary
- On April 30, 2024, Dominik Bossart, EVP of Brink's, reported changes in beneficial ownership to the SEC.
- The changes involve the acquisition of program units under the Key Employees' Deferred Compensation Program.
- 46.21 program units, each equivalent to one share of Brink's common stock, were credited to Bossart's stock incentive account.
- These units will settle into BCO common stock on a one-for-one basis upon termination of employment or on a future date selected by Bossart.
- 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, Bossart beneficially owns 28,023.44 program units.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Positives
- The acquisition of program units reflects continued participation in the company's deferred compensation program.
- The deferred compensation program allows executives to accumulate company stock over time.
Future Outlook
The program units will settle into BCO common stock on a one-for-one basis upon termination of employment or on a future date selected by Bossart.
Industry Context
Executive compensation practices, including deferred compensation programs, are common in publicly traded companies to align executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of the transaction (acquisition of program units). |
| 05/02/2024 | Date of the report filing. |
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