Herling Michael J 4
4 · BRINKS CO · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Brinks Director Michael J. Herling Receives 14.86-Share DSAP Award
What Happened Michael J. Herling, a director of The Brink's Company (BCO), was credited with 14.86 DSAP units (derivative units that are the economic equivalent of common shares) on June 1, 2026. The units were valued using BCO's closing price that day of $103.02, giving an aggregate value of approximately $1,531. The transaction is reported as an award/grant (code A) and reflects DSAP crediting rather than an open-market purchase.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing)
- Units credited: 14.86 DSAP Units; unit price used: $103.02; total value ≈ $1,531
- Transaction type/code: A (award/grant); reported as a derivative (DSAP Units)
- Footnote summary:
- F1: DSAP Units convert one-for-one into BCO common stock upon the director's termination of service.
- F2: Units were credited as a result of a dividend payment under the DSAP.
- F3: The 14.86 figure was calculated using the June 1, 2026 closing price of $103.02 per share.
- Shares owned after transaction: not specified in the provided filing
Context This was not a market purchase or sale but a crediting of stock-equivalent units under the company's Directors' Stock Accumulation Plan (DSAP). Such credits commonly reflect dividend-related or plan-based awards and do not, by themselves, indicate the director is buying or selling stock in the open market. The DSAP units will convert to actual shares only upon the director’s termination of service, per the plan terms.
Insider Transaction Report
- Award
DSAP Units
[F1][F2][F3]2026-06-01$103.02/sh+14.86$1,531→ 6,015.98 total→ Common Stock (14.86 underlying)
Footnotes (3)
- [F1]Under the terms of the Directors' Stock Accumulation Plan, as amended and restated (the "DSAP"), the Reporting Person will be entitled to receive a distribution in The Brink's Company ("BCO") common stock with respect to all units (each of which is the economic equivalent of one share of BCO common stock) ("DSAP Units") in the Reporting Person's account on a one-for-one basis following the Reporting Person's termination of service as a director.
- [F2]In accordance with the terms of the DSAP, DSAP Units were credited to the Reporting Person's account as a result of a dividend payment with respect to BCO common stock.
- [F3]The number of DSAP Units credited to the Reporting Person's account on the Transaction Date is based upon a share price of $103.02, which is the closing price of BCO common stock on June 1, 2026, in accordance with the terms of the DSAP.