Brady Corporation entered into a Share Exchange Agreement with William H. Brady III, acquiring all 1,769,314 of his Class B Common Stock in exchange for an equal number of newly issued Class A shares. The transaction closed on November 4, 2026, with no cash consideration paid. As a result, Elizabeth P. Bruno now holds 100% of the outstanding Class B voting stock, consolidating sole control of the company and triggering a change in control designation under NYSE rules. Dr. Bruno ceased serving on independent committees but remains on the Board. Brady Corp manufactures safety products and identification solutions.