BRINKS CO
For the period ended May 2, 2024. Filed Mar 18, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 2, 2024 · Filed Mar 18, 2024
BCO$110.25+0.2%Stored close · as of Nov 6, 2026
Contents
Primary Components
Executive Compensation Program Components for 2023
Primary Components
NEO compensation awarded in 2023 consisted of the following primary components:
| | | | | | | | Compensation Element | | | How Payout Is Determined | | | Performance Measures | | | Purpose | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | SHORT-TERM | | | PAID IN CASH | | | Salary (fixed) | | | ■ Compensation Committee judgment, informed by evaluation of market data | | | N/A | | | ■ Provides compensation at a level consistent with competitive practices ■ Reflects role, responsibilities, skills, experience and performance | |
| | Annual Incentive (variable) | | | ■ Compensation Committee review of performance against pre-established financial goals and individual performance, with certain pre-approved adjustments determined by the Compensation Committee at the time the goals were set | | | ■ 2023 Non-GAAP Operating Profit (50% weighting) ■ 2023 Non-GAAP Revenue (25% weighting) ■ 2023 Non-GAAP Free Cash Flow (25% weighting) ■ Individual performance ■ Region operating performance, as applicable | | | ■ Motivates and rewards executives for achievement of annual corporate, business unit and individual performance goals ■ Aligns management and shareholder interests by linking pay and performance | | ||||||
| | LONG-TERM | | | PAID IN STOCK | | | LTI: PSUs (variable) | | | ■ Formulaic, with Compensation Committee review of performance against pre-established goals measured over a performance period | | | ■ 3-year Non-GAAP Adjusted EBITDA with the TSR Modifier ■ Stock price performance | | | ■ Motivates and rewards executives for achievement of long-term goals intended to increase shareholder value ■ Enhances retention of key executives who drive sustained performance ■ Aligns management and shareholder interests by facilitating management ownership and tying compensation to stock price performance over a sustained period | |
| | LTI: RSUs (variable) | | | ■ RSUs vest in generally three, equal annual installments and the value of units depends on stock price at time of vesting | | | ■ Stock price performance | | | ■ Motivates and rewards executives for achievement of long-term goals intended to increase shareholder value ■ Enhances retention of key executives who drive sustained performance ■ Aligns management and shareholder interests by facilitating management ownership and tying compensation to stock price performance over a sustained period | | ||||||
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