Form 4: Brinks Co. Executive Daniel J. Castillo Reports Acquisition of Program Units
SEC Form 4 Filing
EVP Daniel J. Castillo reports acquisition of Brinks Co. program units through deferred compensation.
Summary
- On September 30, 2024, Daniel J. Castillo, an Executive Vice President at Brinks Co. (BCO), acquired 63.33 program units.
- These program units are the economic equivalent of BCO common stock and were credited to his stock incentive account under the Key Employees' Deferred Compensation Program.
- The acquisition occurred due to compensation deferred by Castillo during the month, converted into program units at a price of $115.64 per unit, which was the closing price of BCO common stock on the final trading day of the month.
- Following the transaction, Castillo directly owns 2,044.93 program units.
Sentiment
Score: 5
Explanation: This is a neutral report on an executive's compensation. It doesn't indicate positive or negative sentiment, just a routine transaction.
Future Outlook
The program units will settle in BCO common stock on a one-for-one basis and will be distributed 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 is typical for publicly traded companies. It reflects the ongoing operation of deferred compensation plans.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Daniel J. Castillo acquired program units. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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