Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 27

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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      $                                           72.64  
  Granted                                                  221.8      89.86                                              
  Forfeited or expired                                  ( 101.1)      81.31                                              
  Vested (a)                                            ( 235.0)      67.17                                              
  Nonvested balance as of September 30, 2025               524.8      $                                           80.70  

(a) The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, the actual shares earned and distributed for the performance period ended December 31, 2024 were 440.2 235.0

Deferred Stock Units ("DSUs")

We granted DSUs to our non-employee directors as part of our compensation program. We measure the fair value of DSUs at the grant date, based on the price of Brink's stock, and, if applicable, adjusted for a discount for dividends not received or accrued during the vesting period.

DSUs granted after 2014 will be paid out in shares of Brink's stock approximately one year after the grant date, provided that the director has not elected to defer the distribution of shares until a later date. DSUs granted prior to 2015, in general, will be paid out in shares of stock following separation from service.

The following table summarizes all DSU activity during the first nine months of 2025:

                                                          Shares      Weighted-Average Grant-Date Fair Value             
                                                  (in thousands)                                                         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Nonvested balance as of December 31, 2024                 13.6      $                                           87.93  
  Granted                                                   14.8      92.19                                              
  Vested                                                 ( 13.6)      87.93                                              
  Nonvested balance as of September 30, 2025                14.8      $                                           92.19  

Note 11 - Capital Stock

Common Stock

At September 30, 2025, we had 100 41.6

Dividends

We paid regular quarterly dividends on our common stock during the last two years. On July 11, 2025, the Board declared a regular quarterly dividend of $ 0.2550 0.2550

Preferred Stock

At September 30, 2025, we