Brink's (NYSE: BCO) EVP Galloway receives deferred Program Units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Galloway Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
BRINKS CO EVP and CHRO Elizabeth A. Galloway reported routine compensation-related awards under a deferred stock program. She received 422.92 and 42.31 Program Units, each economically equivalent to one share of Brink's common stock, credited to her stock incentive account under the Key Employees' Deferred Compensation Program.
The Program Units will settle in Brink's common stock on a one-for-one basis following her termination of employment or on a future date chosen in her deferral election. The number of units was based on a share price of $103.63, resulting in 2,846.93 Program Units held after these awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Galloway Elizabeth A
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Program Units | 422.92 | $103.63 | $44K |
| Grant/Award | Program Units | 42.31 | $103.63 | $4K |
Holdings After Transaction:
Program Units — 2,804.62 shares (Direct)
Footnotes (1)
- Program Units (each of which is the economic equivalent of one share of The Brink's Company ("BCO") common stock) credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferred Compensation Program (the "Program") will settle in BCO common stock on a one-for-one basis and shall be distributed in accordance with the Reporting Person's deferral election either (1) following the Reporting Person's termination of employment with BCO or (2) on a future date selected by the Reporting Person at the time of his or her deferral election. Under the terms of the Program, the Reporting Person has chosen to defer a portion of his or her annual incentive award to an incentive account. In accordance with the terms of the Program and the Reporting Person's deferral election, certain deferred amounts and/or any matching amounts are converted into Program Units (each of which is the economic equivalent of one share of BCO common stock) and credited to the Reporting Person's account. The number of Program Units credited to the Reporting Person's account on the transaction date is based upon a share price of $103.63, which is the closing price of BCO common stock on the final trading day of the month in which the deferred compensation would have been payable, calculated in accordance with the terms of the Program. In accordance with the terms of the Program, on the last business day of each month, compensation deferred by the Reporting Person during that month and/or any matching amounts are converted into Program Units and credited to the Reporting Person's stock incentive account.
Key Figures
Program Units granted: 422.92 units
Additional Program Units granted: 42.31 units
Program Units after transactions: 2,846.93 units
+2 more
5 metrics
Program Units granted
422.92 units
Award of Program Units on March 31, 2026
Additional Program Units granted
42.31 units
Second award on March 31, 2026
Program Units after transactions
2,846.93 units
Total Program Units following grants
Share price used for conversion
$103.63
Closing Brink's share price for month-end conversion
Conversion ratio
1 unit : 1 share
Each Program Unit equals one Brink's common share on settlement
Key Terms
Program Units, Key Employees' Deferred Compensation Program, deferral election, matching amounts
4 terms
Program Units financial
"Program Units (each of which is the economic equivalent of one share of The Brink's Company ("BCO") common stock)"
Key Employees' Deferred Compensation Program financial
"credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferred Compensation Program (the "Program")"
deferral election financial
"shall be distributed in accordance with the Reporting Person's deferral election either (1) following the Reporting Person's termination"
matching amounts financial
"certain deferred amounts and/or any matching amounts are converted into Program Units"
FAQ
What did Brink's (BCO) executive Elizabeth A. Galloway report in this Form 4?
Elizabeth A. Galloway reported receiving Program Units under a deferred compensation plan. She was credited with 422.92 and 42.31 units, each equal to one Brink's common share, as part of her incentive compensation, bringing her Program Unit balance to 2,846.93 units.
What are Brink's (BCO) Program Units reported in this Form 4?
Program Units are bookkeeping entries economically equivalent to one Brink's common share. They are credited to a stock incentive account under the Key Employees' Deferred Compensation Program and will later settle one-for-one in Brink's common stock according to the executive’s deferral election terms.
How were the Brink's (BCO) Program Units valued for Elizabeth Galloway?
The Program Units were valued using a share price of $103.63. This price was the closing price of Brink's common stock on the final trading day of the month when the deferred compensation would have been payable, consistent with the Program’s calculation rules.
When will Elizabeth Galloway’s Brink's (BCO) Program Units be paid out?
The Program Units will be settled in Brink's common stock on a one-for-one basis. Distribution will occur either after her termination of employment or on a future date she selected in her deferral election under the Key Employees' Deferred Compensation Program.
How are Brink's (BCO) deferred compensation amounts converted into Program Units?
Deferred compensation and any matching amounts are converted into Program Units monthly. On the last business day of each month, the elected deferred amounts are translated into units using the Brink's closing share price and credited to the executive’s stock incentive account.