Form 4: Brinks Controller Michael Sweeney Reports Stock Transactions
SEC Form 4 Filing
Michael Sweeney, Controller of Brinks Co, reports the acquisition and disposition of common stock and program units related to vested Internal Metric Performance Share Units (IM PSUs).
Summary
- On February 19, 2025, Michael Sweeney, Controller of Brinks Co, reported transactions involving Brinks common stock.
- Sweeney acquired 3,404 shares of common stock at $94.59 related to vested Internal Metric Performance Share Units (IM PSUs) granted in February 2022.
- He also disposed of 997 shares to cover tax withholding obligations related to the IM PSU settlement at a price of $94.59.
- Additionally, Sweeney deferred the receipt of 332 shares into Program Units under the Key Employees' Deferred Compensation Program.
- Following these transactions, Sweeney beneficially owns 11,530 shares of common stock and 794.65 Program Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
Program Units will settle in 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 is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| February 2022 | Grant date of Internal Metric Performance Share Units (IM PSUs) |
| December 31, 2024 | End of performance period for IM PSUs |
| 02/19/2025 | Date of stock transactions: acquisition of shares, tax withholding, and deferral into Program Units |
| 02/21/2025 | Date of signature by Attorney-in-Fact |
Keywords
Form 4, Brinks Co, BCO, Michael Sweeney, Stock Transactions, Internal Metric Performance Share Units, IM PSU, Key Employees' Deferred Compensation Program, Program Units, Controller
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