Form 4: Brinks EVP James K. Parks Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP James K. Parks reports transactions involving Brinks Co. common stock, including the vesting of performance share units and restricted stock units, as well as shares transferred due to a divorce settlement.
Summary
- James K. Parks, an EVP at Brinks Co., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On February 16, 2023, 6,360 Internal Metric Performance Share Units (IM PSUs) were acquired at $0, related to performance ending December 31, 2022.
- On February 24, 2024, 2,561 shares were disposed of to satisfy tax withholding obligations related to the IM PSUs at a price of $82.
- Also on February 24, 2024, 1,145 shares were transferred to Parks' former spouse due to a divorce settlement at $0.
- Additionally on February 24, 2024, 249 shares were disposed of to satisfy tax withholding obligations for restricted stock units vesting at $82.
- Finally on February 24, 2024, 115 shares were transferred to Parks' former spouse due to a divorce settlement at $0.
- Following these transactions, Parks beneficially owns 13,144.64 shares of Brinks Co. common stock, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't convey strong positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and personal financial matters, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transfer of shares to the reporting person's former spouse may have a minor impact on the shareholder base.
Key Dates
| Date | Description |
|---|---|
| 02/16/2023 | Internal Metric Performance Share Units (IM PSUs) granted in February 2021, for which the performance period ended December 31, 2022, and for which the performance criteria were certified as being satisfied. |
| 12/31/2022 | Performance period end date for Internal Metric Performance Share Units (IM PSUs) granted in February 2021. |
| 02/24/2024 | Shares withheld to satisfy tax obligations for IM PSUs and restricted stock units; shares transferred to former spouse due to divorce settlement. |
| 02/27/2024 | Date of Form 4 filing. |
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