Docherty Susan E 4

What Happened

• Susan E. Docherty, a director of The Brink's Company (BCO), had Deferred Stock Units (DSUs) vest and convert into company common stock on April 28, 2026. The filing shows: conversion/exercise entries for 1,844 shares (reported at $0) and an award/acquisition of 1,578 shares (reported at $0). All transactions are recorded with a $0 per-share price in the Form 4 (these entries reflect DSU settlement/conversion rather than an open-market cash purchase).

Key Details

• Transaction date: April 28, 2026; Form 4 filed April 30, 2026 (appears timely).
• Reported transactions:
  • M (exercise/conversion): 1,844 shares acquired @ $0.00 and concurrently 1,844 shares disposed @ $0.00 (reported as derivative).
  • A (award/acquisition): 1,578 shares acquired @ $0.00 (derivative conversion upon vesting).
• Shares owned after transaction: not disclosed in the provided filing text.
• Footnotes of note:
  • The entries reflect conversion upon vesting of DSUs into common stock; each DSU equals the right to one share (F1–F3).
  • The DSU award was granted May 8, 2025 and vested in full April 28, 2026 (F3).
  • DSUs were granted under the 2024 Equity Incentive Plan and vest per the Award Agreement; they are settled one-for-one in common stock on vesting and are forfeitable if the director leaves the Board before vesting (F4).

Context

• These are derivative/award transactions (DSU vesting and conversion), not open-market buys or sales. DSUs are a non-cash equity award that convert to shares at settlement; the filing shows some converted shares were also disposed but does not state the reason. Such DSU vesting for directors is a routine compensation event and is different from a voluntary market purchase or sale.