Company: BCO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001104659-25-026390
Chunk: 39

Company: BRINKS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 39
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 three-year adjusted EBITDA as the performance metric based on a continued belief that this metric incentivizes leaders to execute our organic and acquisition growth strategy, aligns to one of the most common performance metrics used for LTI plans in the 2024 Proxy Peer Group, and ensures there is variation from the metrics used in our annual incentive plan. The Compensation Committee established threshold, target and maximum levels of three-year adjusted EBITDA for the IM PSUs with RTSR Modifier, which correspond to payouts in shares of Common Stock at a rate of 50%, 100% and 200% of target as noted in the following table:

| ​ | 3-Year Cumulative Adjusted EBITDA Performance Levels | ​ | ​ | Performance Stock UnitsEarned as a Percent of Target | ​ |
| ​ | Below Threshold Performance                          | ​ | ​ | 0%                                                   | ​ |
| ​ | Threshold Performance                                | ​ | ​ | 50%                                                  | ​ |
| ​ | Target Performance                                   | ​ | ​ | 100%                                                 | ​ |
| ​ | Maximum Performance                                  | ​ | ​ | 200%                                                 | ​ |

At the time the Compensation Committee established the target levels of performance for the IM PSUs with RTSR Modifier, it believed that achievement of the threshold performance level was attainable, but not certain, that target performance would be difficult to achieve, and that the maximum level of performance was possible, but not likely to be achieved.

| ​ |  ​ | ​ | ​ | ​                    | ​ |
| ​ | 42 | ​ | ​ | 2025 Proxy Statement | ​ |

TABLE OF CONTENTS

The earned amount of the IM PSUs with RTSR Modifier, as determined according to cumulative adjusted EBITDA performance for the performance period, is subject to the RTSR Modifier, the amount of which will be determined based on the Company’s relative TSR during the performance period, as noted in the following table, with linear interpolation between performance levels (subject to a cap of 100% if absolute TSR during the performance period is negative).

| ​ | Relative TSR Percentile Rank Among TSR Comparator Group | ​ | ​ | Modifier                                                                      | ​ |
| ​ | ≥ 75%                                                   | ​ | ​ | 125% of calculated amount determined by cumulativeadjusted EBITDA performance | ​ |
| ​ | ≤25%                                                    | ​ | ​ | 75% of calculated amount determined by cumulativeadjusted EBITDA performance  | ​ |

The Company’s relative TSR for