Company: TRTN-PA
Filing Date: 2025-05-02
Form Type: 6-K
Source: 0001660734-25-000016
Chunk: 11

Company: Triton International Ltd
Filing Date: 2025-05-02
Form: 6-K
Chunk 11
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 definitive agreement to acquire Global Container International LLC (“GCI”). The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close during the first half of 2025. GCI is a Bermuda-domiciled marine container leasing company and operates a fleet of approximately 0.5 million TEU. The Company expects this transaction to be treated as an asset acquisition for accounting purposes.

#### Note 3— Other Compensation Costs
Long-Term Cash Incentive Plan

On February 28, 2024, the Company adopted a Long-Term Cash Incentive Plan ("LTIP"), under which long-term cash incentive awards with specified cash target values are granted to certain employees and consultants of the Company, subject to the participant's continued service with the Company. Payout of the awards are based on changes in the Company’s valuation, plus cumulative cash dividends and return of capital distributions paid by the Company from grant date to vest date. At each reporting period subsequent to the grant date, changes in the award's aggregate target value will be recognized as compensation expense based on the portion of vesting or service period lapsed from the grant date through the reporting date. For the three months ended March 31, 2025 and 2024, the Company recognized $ 2.1million and $ 0.9million, respectively, of compensation expense for the LTIP Awards in Administrative expenses on the Consolidated Statements of Operations.

The following table summarizes awards that have been granted as of March 31, 2025:

|               |     |                        |     | Award Vesting    |     |           |     |                  |     |           |
| Grant Date    |     | Aggregate Target Value |     | Date             |     | Weighting |     | Date             |     | Weighting |
| February 2025 |     | $11.8 million          |     | January 15, 2027 |     | 25%       |     | January 15, 2028 |     | 75%       |
| February 2024 |     | $13.8 million          |     | January 15, 2026 |     | 50%       |     | January 15, 2027 |     | 50%       |

Long-Term Incentive Awards

Pursuant to a long-term incentive program established by Brookfield Infrastructure, certain senior executives of the Company have been granted incentive units (the "Incentive Units") which vest in