Herling Michael J 4

4 · BRINKS CO · Filed Apr 30, 2026

AI-generated summary of this filing

Updated Apr 30, 2026

BRINKS (BCO) Director Michael Herling Converts DSUs to 3,422 Shares

What Happened

Michael J. Herling, a director of BRINKS CO (BCO), had Deferred Stock Units (DSUs) vest and converted them into company common stock on April 28, 2026.
The filing shows conversions/awards totaling 3,422 shares acquired at $0.00 (1,844 shares reported as an acquisition and immediate disposition, and an additional 1,578 shares granted/converted).
These were not open-market purchases or option exercises for cash — they reflect settlement of previously awarded DSUs rather than a cash transaction.

Key Details

Transaction date: 2026-04-28; Form 4 filed: 2026-04-30 (timely filing).
Reported prices: $0.00 per share (typical for DSU settlement); total dollar amount reported = $0.
Share counts in this filing: 1,844 shares acquired (conversion), 1,844 shares disposed (same day, per filing), and 1,578 shares granted/converted — total 3,422 shares reported as acquired or converted.
Shares owned after the transaction: not specified in the provided filing details.
Footnotes from the filing:
- The conversions reflect DSUs converting into common stock upon vesting (each DSU = one share).
- The DSU award was granted May 8, 2025 and vested in full April 28, 2026.
- DSUs vest per the 2024 Equity Incentive Plan/Award Agreement and are settled one-for-one in common stock; DSUs are forfeited if the director stops serving before vesting.
The filing does not state the reason for the immediate disposition of the 1,844 shares.

Context

DSU conversions at $0 indicate settlement of previously granted deferred stock units rather than a market purchase; such awards are commonly part of director compensation.
Because part of the conversion was immediately disposed of per the filing, that portion does not necessarily indicate a change in the director’s net exposure; the filing gives no explanation for the disposition.
These transactions are administrative (vesting/settlement) rather than market trades; retail investors typically view granted/vesting DSUs as compensation recognition, not a direct buy signal.

Form 4

Period: 2026-04-28

Director

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-04-28+1,844→ 19,338 total
Exercise/Conversion
Deferred Stock Units
[F2][F3]
2026-04-28−1,844→ 0 total
→ Common Stock (1,844 underlying)
Award
Deferred Stock Units
[F2][F4]
2026-04-28+1,578→ 23,117 total
→ Common Stock (1,578 underlying)

Footnotes (4)

[F1]Represents the conversion upon vesting of Deferred Stock Units ("DSUs") into The Brink's Company (the "Company") Common Stock.
[F2]Each DSU represents the right to receive, at settlement, one share of Company Common Stock.
[F3]This DSU award was granted on May 8, 2025 and vested in full on April 28, 2026.
[F4]Subject to the terms and conditions of the 2024 Equity Incentive Plan and a DSU Award Agreement (the "Award Agreement"), the Reporting Person has been granted DSUs that vest upon the earlier of: (1) the one year anniversary of the grant date; and (2) the following year's annual meeting of shareholders, but in any event the DSUs shall not have a vesting period of less than six months. The vesting accelerates upon a change in control of The Company. The DSUs will be settled in Company common stock on a one-for-one basis upon vesting. Pursuant to terms of the Award Agreement, the DSUs will be forfeited if the director ceases to serve as a member of the Board of Directors of the Company prior to the expiration of the vesting period.

Signature

/s/ Linda M. MacNally, Attorney-in-Fact|2026-04-30

1 file