Form 4: Brink's EVP Guillermo Eduardo Peschard Mijares Reports Acquisition of Program Units

Guillermo Eduardo Peschard Mijares, EVP of Brink's, reports the acquisition of program units equivalent to common stock under the Key Employees' Deferred Compensation Program.

Summary

• On February 28, 2025, Guillermo Eduardo Peschard Mijares, an EVP at Brink's (BCO), acquired program units under the Key Employees' Deferred Compensation Program.
• The transaction involved the acquisition of 44.31 program units, each representing the economic equivalent of one share of Brink's common stock.
• These program units were credited to Peschard Mijares' stock incentive account as part of deferred compensation.
• The price per program unit was $94.04, based on the closing price of BCO common stock on the final trading day of the month.
• The program units will settle in BCO common stock on a one-for-one basis, distributed either upon termination of employment or on a future date selected by the reporting person.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but reflects ongoing compensation practices.

Positives

• The acquisition of program units reflects continued participation in the Key Employees' Deferred Compensation Program.
• The program aligns executive compensation with the performance of Brink's common stock.

Future Outlook

The program units will be settled in BCO common stock either 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 deferred compensation programs, common in publicly traded companies to align management interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation programs are a common practice among publicly traded companies to incentivize and retain key employees.
• The structure of Brink's program, where deferred compensation is converted into program units equivalent to common stock, is similar to programs offered by companies like Waste Management and Republic Services.
• The specific terms of the program, such as the vesting schedule and distribution options, would need to be compared to industry benchmarks to assess its competitiveness.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.
• Employees participating in the deferred compensation program benefit from the opportunity to accumulate company stock.

Key Dates