Form 4: Brinks Co EVP Daniel J. Castillo Reports Acquisition of Program Units

EVP Daniel J. Castillo reports acquisition of program units convertible to Brinks Co common stock through a deferred compensation program.

Summary

• On May 31, 2024, Daniel J. Castillo, an EVP at Brinks Co, acquired 70.94 program units under the Key Employees' Deferred Compensation Program.
• These program units are the economic equivalent of Brinks Co common stock and will settle on a one-for-one basis.
• The units were credited to Castillo's stock incentive account based on a share price of $103.24.
• Following the transaction, Castillo directly owns 1,769.29 program units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with the company's performance.

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 the reporting person.

Industry Context

This filing reflects standard executive compensation practices involving deferred stock units, common in publicly traded companies to align executive interests with shareholder value.

Stakeholder Impact

• The acquisition of program units aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates