Form 4: Brink's EVP James K. Parks Reports Acquisition of Program Units

EVP James K. Parks reports acquisition of program units convertible to Brink's common stock through a deferred compensation program.

Summary

• On June 28, 2024, James K. Parks, an Executive Vice President at Brink's Co [BCO], acquired 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.
• A total of 55.01 Program Units were credited to Parks' stock incentive account.
• The price per unit was calculated based on the closing price of BCO common stock on the final trading day of the month, which was $102.40.
• Following the transaction, Parks directly owns 16,440.78 Program Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard insider transaction report related to deferred compensation.

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 of insider transactions, which are common in publicly traded companies. It reflects compensation practices and deferred compensation programs for key employees.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of Program Units under an existing compensation plan.
• Employees participating in the deferred compensation program are directly impacted as it affects their compensation and stock ownership.

Key Dates