Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 37

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 37
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 30, 2025257,169 $20.12 (1) The aggregate fair value of all RSAs granted during the nine months ended September 30, 2025 was approximately $2.3 million.Performance Stock UnitsPSUs granted under the Plans to the Company’s employees generally vest subject to attainment of performance criteria during the service period established by the Compensation Committee. Each PSU represents the right to receive one share of common stock, and the actual number of shares issuable upon vesting is determined based upon performance compared to financial performance targets. The PSUs vest based on the achievement of certain adjusted earnings per share targets for a period of up to three years combined with a service period of three years. Compensation cost is recognized over the requisite service period when it is probable that the performance condition will be satisfied.The Company recognized compensation expense for PSUs of $0.8 million and $1.0 million for the three months ended September 30, 2025 and 2024, respectively, and $1.7 million and $2.7 million for the nine months ended September 30, 2025 and 2024, respectively, which is included in salaries and benefits in the condensed consolidated statements of income and comprehensive income. As of September 30, 

22

2025, there was $4.9 million of unrecognized compensation expense related to PSUs, which is expected to be recognized over a weighted-average period of 1.9 years.A summary of PSU activity during the nine months ended September 30, 2025 is presented below:Number of PSUsWeighted-AverageRemaining ContractualTerm (Years)Weighted-AverageGrant PriceOutstanding (nonvested) at December 31, 2024321,530 8.77$21.88 Granted(1)337,814 $12.11 Vested/accelerated(14,451)$12.11 Forfeited(9,520)$21.01 Outstanding (nonvested) at September 30, 2025635,373 8.81$16.92 (1) The aggregate fair value of all PSUs granted during the nine months ended September 30, 2025 was approximately $4.1 million.

NOTE 13 – EQUITY 

On August 18, 2021, the Company’s Board of Directors approved a stock repurchase program that authorizes the Company to purchase up to $40.0 million of outstanding