McMaken Kurt B 4
Research Summary
AI-generated summary
Brinks (BCO) CFO Kurt McMaken Receives Award of 44.45 Shares
What Happened
Kurt B. McMaken, Chief Financial Officer of The Brink's Company (BCO), was credited with 44.45 Program Units on January 30, 2026. The units were valued at $127.04 each (closing price used for conversion), totaling about $5,647. This transaction is an award/credit under Brinks’ Key Employees' Deferral Compensation Program (reported as a derivative transaction), not an open-market purchase.
Key Details
- Transaction date: 2026-01-30; filing date: 2026-02-03.
- Transaction type: Award/Grant (derivative Program Units), 44.45 units @ $127.04 each = $5,647.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes of note:
- Program Units are the economic equivalent of one share of BCO common stock and will settle one-for-one into common stock per the Program.
- Deferred compensation and any matching amounts are converted into Program Units on the last business day of each month.
- The unit count was calculated using the $127.04 closing share price for the relevant month.
- No sale or exercise reported — this is a deferred award (code A).
Context
This is a routine deferred-compensation credit rather than a cash purchase or a sale; Program Units convert into actual BCO shares later (upon the executive’s termination or on a future date chosen in the deferral election). Such awards compensate and retain executives and do not necessarily indicate immediate personal buying or selling sentiment.