McMaken Kurt B 4

What Happened

• Kurt B. McMaken, Chief Financial Officer of Brinks Co. (BCO), received an award of 30,308 shares (IM PSUs) on 2026-02-18 valued at $129.82 each, totaling $3,934,585.
• To satisfy tax withholding on the settlement, the company withheld 13,028 shares (disposed) at $129.82 each, valued at $1,691,295, leaving a net issuance of 17,280 shares to McMaken.
• These were performance-based share units (IM PSUs) whose performance period ended 12/31/2025 and whose performance criteria were certified on 2/18/2026 — this is an award/settlement rather than an open-market buy or sale.

Key Details

• Transaction dates and prices: Award and settlement on 2026-02-18 at $129.82 per share.
• Gross value of award: $3,934,585; shares withheld for taxes: 13,028 shares ($1,691,295). Net shares delivered: 17,280.
• Transaction codes: A = Award/Grant (IM PSUs settled); F = Shares withheld to satisfy tax withholding.
• Footnotes: F1 — IM PSUs from Feb 2023 with performance period ending 12/31/2025 certified 2/18/2026. F2 — holdings include some restricted stock units not yet vested. F3 — shares were withheld to meet tax obligations on PSU settlement.
• Filing timeliness: Report filed 2026-02-20 for a 2026-02-18 settlement — appears to be timely (Form 4 is generally due within two business days).

Context

• This was a performance-share settlement (award), not an open-market purchase or voluntary sale. Withholding shares to cover taxes is routine and does not itself indicate buy/sell intent.
• For retail investors, awards and PSU settlements are common forms of executive compensation tied to company performance; they increase insider holdings but are often pre-determined by past grants and performance outcomes.