Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 25

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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  Vested (a)                                           ( 235.0)      67.17                                              
  Nonvested balance as of March 31, 2025                  575.6      $                                           80.81  

(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 three months of 2025:

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

Note 11 - Capital Stock

Common Stock

At March 31, 2025, we had 100 42.7

Dividends

We paid regular quarterly dividends on our common stock during the last two years. On January 16, 2025, the Board declared a regular quarterly dividend of 24.25 25.50

Preferred Stock

At March 31, 2025, we had the authority to issue up to 2.0 10

Share Repurchase Program

In November 2023, our Board of Directors authorized a $ 500

Under the 2023 Share Repurchase Program, we are not obligated to repurchase any specific dollar