Form 4: Brinks EVP Daniel Castillo Reports Changes in Beneficial Ownership

EVP Daniel J. Castillo reports changes in beneficial ownership of Brinks Co. stock due to tax withholding and deferred compensation.

Summary

• Daniel J. Castillo, an EVP at Brinks Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On June 30, 2024, 1,657 shares of common stock were withheld to satisfy tax obligations related to vested Restricted Stock Units at a price of $102.4 per share.
• As of June 30, 2024, Castillo beneficially owns 20,776 shares of Brinks Co. common stock, including unvested Restricted Stock Units.
• On June 28, 2024, Castillo acquired 71.52 Program Units under the Key Employees' Deferred Compensation Program, each unit representing the economic equivalent of one share of BCO common stock.
• These Program Units were credited to his stock incentive account based on a share price of $102.40.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The Program Units will settle in BCO common stock on a one-for-one basis, distributed either upon termination of employment or on a future date selected by the Reporting Person.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates