Form 4: Brinks CFO Kurt McMaken Reports Stock Transactions

EVP and CFO of Brinks, Kurt McMaken, reports the withholding of shares for tax obligations and acquisition of program units under the deferred compensation program.

Summary

• On September 30, 2024, Kurt McMaken, EVP and Chief Financial Officer of Brinks Co, reported transactions involving Brinks common stock.
• The transactions included the withholding of 3,174 shares of common stock to cover tax obligations related to vested Restricted Stock Units at a price of $115.64 per share.
• McMaken also acquired 61.17 Program Units under the Key Employees' Deferred Compensation Program, each unit representing the economic equivalent of one share of Brinks common stock, at a price of $115.64.
• Following these transactions, McMaken beneficially owns 22,234 shares of common stock and 2,608.61 Program Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine compensation and tax obligations.

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 (1) following the Reporting Person's termination of employment with BCO or (2) on a future date selected by the Reporting Person at the time of his or her deferral election.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates