Form 4: Brinks EVP Daniel Castillo Reports Stock Transactions Following Performance Share Unit Vesting
SEC Form 4 Filing
EVP Daniel J. Castillo reports acquisition and disposal of Brinks Co. stock related to the vesting of Internal Metric Performance Share Units (IM PSUs) and relative Total Shareholder Return Performance Share Units (rTSR PSUs).
Summary
- On February 19, 2025, Daniel J. Castillo, an EVP at Brinks Co., acquired 35,178 shares of common stock related to Internal Metric Performance Share Units (IM PSUs) and 4,833 shares related to relative Total Shareholder Return Performance Share Units (rTSR PSUs).
- These performance share units were granted in February 2022, with performance periods ending December 31, 2024, and the performance criteria were certified as satisfied on February 19, 2025.
- To cover tax withholding obligations, the company withheld 13,893 shares related to IM PSUs and 1,902 shares related to rTSR PSUs at a price of $94.59 per share.
- Following these transactions, Castillo beneficially owns 44,992 shares of Brinks Co. common stock, which includes restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 2022 | Grant date of Internal Metric Performance Share Units (IM PSUs) and relative Total Shareholder Return Performance Share Units (rTSR PSUs). |
| December 31, 2024 | End of the performance period for IM PSUs and rTSR PSUs. |
| February 19, 2025 | Date of transactions: acquisition and disposal of shares due to vesting of performance share units and tax withholding. |
| February 21, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Daniel Castillo, Brinks Co, BCO, IM PSU, rTSR PSU
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