Company: BCO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001104659-25-026390
Chunk: 33

Company: BRINKS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 33
---
 | ​ |
| ​ |   | ​ | ​ | 37 | ​ |

TABLE OF CONTENTS

Balanced Compensation Mix The Compensation Committee considers the competitive market, compensation mix and pay for performance philosophy when setting various components of compensation. For 2024, the Compensation Committee determined that current and short-term compensation (base salary and annual incentives) should be delivered in cash, consistent with market practice. For 2024, the Compensation Committee determined LTI should be composed of stock-based awards that reward the achievement of Company results and increases in Company value over the long-term, and align our NEOs’ interests with the economic interests of shareholders. In 2024, performance-based compensation (which includes annual incentive targets and IM PSUs with RTSR Modifier), represented approximately 70% of total target compensation for Mr. Eubanks and approximately 60% of total target compensation (on average) for the other NEOs, as illustrated in the following chart. Percentages in the following chart may not add to 100% due to rounding.

| ​ |     | ​ |

2024 Compensation Decisions by Component Base Salary The Compensation Committee’s decisions on base salary levels for the NEOs are primarily influenced by its review of competitive market information for comparable positions. For the NEOs other than the CEO, the Compensation Committee also considers the CEO’s recommended salary adjustments. As shown in the table below, in February 2024, the Compensation Committee approved merit increases for the NEOs based on performance and market data. These merit increases were determined by the Committee to be in line with market data (within a reasonable range of the median).

| ​ | Named Executive Officer | ​ | ​ | Annual Salary atDecember 31, 2023 | ​ | ​ | Annual Salary atDecember 31, 2024 | ​ | ​ | % Change | ​ |
|:--|:------------------------|:--|:--|----------------------------------:|:--|:--|----------------------------------:|:--|:--|:---------|:--|
| ​ | Mr. Eubanks             | ​ | ​ |                          $950,000 | ​ | ​ |                        $1,000,000 | ​ | ​ | 5.3%     | ​ |
| ​ | Mr. McMaken             | ​ | ​ |                           625,000 | ​ | ​ |                           653,000 | ​ | ​ | 4.5%     | ​ |
| ​ | Mr. Castillo            | ​ |