Company: TRTN-PA
Filing Date: 2025-05-02
Form Type: 6-K
Source: 0001660734-25-000016
Chunk: 12

Company: Triton International Ltd
Filing Date: 2025-05-02
Form: 6-K
Chunk 12
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 five equal annual installments beginning September 28, 2023, subject to the participants' continued employment or service. As of March 31, 2025 the total number of Incentive Units granted under the long-term incentive program was 875. Payment obligations under the program (if any) are the responsibility of Brookfield Infrastructure. For additional information regarding the Incentive Units, refer to Item 6.B, " Compensation " section " Long-Term Incentive Unit Awards " in the 2024 Annual Report on Form 20-F.

The Company recognizes compensation cost for the Incentive Units on a straight-line basis over the vesting period based on the fair value of the awards. The fair value of the awards at each reporting date relates to both units issued and additional units that are expected to be issued under this program. Changes in the fair value at each subsequent reporting date will be recognized as compensation expense based on the portion of vesting or service period lapsed from the grant date through the reporting date. As of March 31, 2025 and December 31, 2024, the fair value of the awards was $ 19.2million and for the three months ended March 31, 2025 and 2024, the Company recognized $ 1.0million and $ 0.8million, respectively, of compensation expense, respectively, in Administrative expenses on the Consolidated Statements of Operations. These amounts are reflected as Contributed capital from Parent on the Consolidated Statements of Shareholders’ Equity.

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### TRITON INTERNATIONAL LIMITED

### NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

#### Note 4— Other Equity Matters
During the three months ended March 31, 2025 and 2024, the Company paid cash dividends of $ 150.0million and $ 200.0million, respectively, on the common shares of the Company to Parent. In the period ended March 31, 2025, the Company distributed its equity interest in TCF VIII to Parent. For additional information on the TCF VIII Distribution, refer to Note 2 - " Merger, Acquisition and Other Transactions ".

Preference Shares

The following table summarizes the Company's preference share issuances as of March 31, 2025 (each, a "Series"):

| Preference Share Series                                                       |     | Issuance |     |               |     | Liquidation Preference (in thousands) |