Eubanks Richard M. 4

What happened Richard M. Eubanks, President & CEO and a director of Brinks Co. (BCO), received a performance-based award on Feb 18, 2026: 111,910 Internal Metric Performance Share Units (IM PSUs) settled into common stock at an implied value of $129.82 per share (total value $14,528,156). To cover tax withholding on the settlement, 34,094 shares were surrendered (disposed) at the same per-share value (tax withholding value $4,426,083). Separately, 26,932 of the settled shares were deferred into the company’s Key Employees’ Deferred Compensation Program as Program Units (economic equivalent of shares).

Key details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (filed within the standard two-business-day window).
• Award (code A): 111,910 shares @ $129.82 = $14,528,156 (IM PSUs certified as satisfied; originally granted Feb 2023; performance period ended 12/31/2025) [F1].
• Tax withholding (code F): 34,094 shares withheld @ $129.82 = $4,426,083 to satisfy tax liability on the IM PSU settlement [F3].
• Disposition to issuer / deferral (code D): 26,932 shares exchanged for 26,932 Program Units credited to his deferred compensation account (Program Units will settle one-for-one into BCO common stock per deferral election) [F4, F5].
• Includes restricted stock units not yet vested as noted in the filing [F2].
• Shares owned after the transactions: not disclosed in the excerpted filing.

Context

• This was a settlement of performance-based restricted awards (PSUs) rather than an open-market buy or sale. The tax-related share surrender is a routine withholding event and the deferral into Program Units is an internal compensation election — both are administrative, not open-market trades.
• Program Units are derivative-like credits that convert to one share each in the future per the participant’s deferral election (e.g., at termination or on a selected future date).