FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BRINKS CO [ BCO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/16/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/16/2023 | A | 8,268(1) | A | $0 | 44,477(2)(3) | D | |||
Common Stock | 02/24/2024 | F | 858(4) | D | $82 | 43,619(3) | D | |||
Common Stock | 02/24/2024 | D | 6,374 | D | (5) | 37,245(3) | D | |||
Common Stock | 02/24/2024 | F | 148(6) | D | $82 | 37,097(3) | D | |||
Common Stock | 02/24/2024 | D | 578 | D | (7) | 36,519(3) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Program Units | (8) | 02/24/2024 | D | 6,374 | (8) | (8) | Common Stock | 6,374 | (5) | 26,992.08 | D | ||||
Program Units | (8) | 02/24/2024 | D | 578 | (8) | (8) | Common Stock | 578 | (7) | 27,570.08 | D |
Explanation of Responses: |
1. Represents 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 on February 16, 2023. |
2. Reflects the ownership of the reporting person as of his last filed Form 4 and then accounting for the transaction reported in this row. |
3. Includes Restricted Stock Units that have not yet vested. |
4. The Brink's Company ("BCO") withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's IM PSUs that settled on February 24, 2024. |
5. In connection with the vesting on February 24, 2024 of IM PSUs previously granted to the Reporting Person, the Reporting Person's receipt of 6,374 shares of BCO common stock was deferred, resulting in 6,374 Program Units (each of which is the economic equivalent of one share of BCO common stock) credited to the Reporting Person's stock incentive account under the terms of the Key Employees' Deferred Compensation Program (the "Program"). The Reporting Person is therefore reporting the disposition of 6,374 shares of BCO common stock in exchange for an equal number of Program Units. |
6. BCO withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on February 24, 2024. |
7. In connection with the vesting on February 24, 2024 of Restricted Stock Units previously granted to the Reporting Person, the Reporting Person's receipt of 578 shares of BCO common stock was deferred, resulting in 578 Program Units credited to the Reporting Person's stock incentive account under the terms of the Program. The Reporting Person is therefore reporting the disposition of 578 shares of BCO common stock in exchange for an equal number of Program Units. |
8. Program Units credited to the Reporting Person's stock incentive account under the terms of 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. |
Remarks: |
/s/ Beth Davis, Attorney-in-Fact | 02/27/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |