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

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

Summary

• On March 29, 2024, James K. Parks, an EVP 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 settle on a one-for-one basis.
• The acquisitions occurred as part of the deferral of a portion of his annual incentive award.
• The price per share for the conversion of deferred amounts into program units was $92.38, based on the closing price of BCO common stock on the final trading day of the month.
• Parks acquired 403.64, 29.05, and 60.98 program units in separate transactions.
• Following these transactions, Parks beneficially owns 16,228.44 program units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating a neutral to slightly positive sentiment as it aligns executive interests with company performance.

Positives

• The acquisition of program units reflects Parks' participation in the company's deferred compensation program, aligning his interests with the long-term performance of Brink's.

Future Outlook

The program units will settle in BCO common stock on a one-for-one basis upon termination of employment or on a future date selected by Parks.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies to incentivize and align management's interests with shareholders.

Stakeholder Impact

• The acquisition of program units aligns executive interests with shareholder value, potentially benefiting shareholders.

Key Dates