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Share Repurchase Program
−Removed: On November 2, 2023, our Board authorized a $500 million share repurchase program that expires on December 31, 2025 (the “2023 Repurchase Program”).
+Added: In December 2025, our Board authorized a $750 million share repurchase program that expires on December 31, 2027 (the “2025 Repurchase Program”).
Under the 2025 Repurchase Program, we are not obligated to repurchase any specific dollar amount or number of shares.
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Share repurchases under the 2025 Repurchase Program may be made in the open market, in privately negotiated transactions, or otherwise.
−Removed: During the twelve months ended December 31, 2024, we repurchased a total of 2,108,544 shares of our common stock for an aggregate of $203.6 million and an average price of $96.54 per share.
+Added: On November 2, 2023, our Board authorized a $500 million share repurchase program (the “2023 Repurchase Program”).
+Added: Under the 2023 Repurchase program, in 2025, we repurchased a total of 2,210,616 shares of our common stock for an aggregate of $209.4 million and an average price of $94.74 per share.
+Added: In 2024, we repurchased a total of 2,108,544 shares of our common stock for an aggregate of $203.6 million and an average price of $96.54 per share.
These shares were retired upon repurchase.
−Removed: At December 31, 2024, $296 million remained available under the 2023 Repurchase Program.
In October 2021, we announced that our Board authorized a $250 million share repurchase program (the "2021 Repurchase Program").
Under the 2021 Repurchase Program, in 2023, we repurchased a total of 2,297,955 shares of our common stock for an aggregate of $169.9 million and an average price of $73.92 per share.
−Removed: In 2022, we repurchased a total of 948,395 shares of our common stock for an aggregate of $52.2 million and an average price of $55.01 per share.
These shares were retired upon repurchase.
−Removed: The 2021 Repurchase Program expired on December 31, 2023 with approximately $28 million remaining available.
−Removed: Our Board previously authorized a $250 million repurchase program in February 2020 (the “2020 Repurchase Program”).
−Removed: Under the 2020 Repurchase Program, we entered into three accelerated share repurchase arrangements (each, an "ASR") with a financial institution.
−Removed: In each case, in exchange for an upfront payment at the beginning of each purchase period, the financial institution delivered to us shares of our common stock.
−Removed: The shares received were retired in the period they were delivered to us, and the upfront payment was accounted for as a reduction to shareholders' equity in the consolidated balance sheet.
−Removed: In 2022, we received 546,993 additional shares upon the early termination of an ASR.
−Removed: For purposes of calculating earnings per share, we reported each ASR as a repurchase of our common stock and as a forward contract indexed to our common stock.
−Removed: Each ASR met the applicable criteria for equity classification, and, as a result, none were accounted for as a derivative instrument.
+Added: The 2021 Repurchase Program expired on December 31, 2023.
The following table provides information about common stock repurchases by the Company during the quarter then ended December 31, 2025.
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December 31, 2025 246,648 $117.83 486,307 87,009,159
−Removed: (1) In the fourth quarter of 2023, we entered into a $500 million share repurchase program that expires on December 31, 2025.
−Removed: Shares repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.
+Added: (1) In the fourth quarter of 2023, the Company's Board of Directors approved a $500 million share repurchase program that expired on December 31, 2025.
The following graph compares the cumulative 5-year total return provided to shareholders of The Brink’s Company’s common stock compared to the cumulative total returns of the S&P Midcap 400 index and the common stocks of a selected peer group of companies.
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Total return assumes reinvestment of dividends.
−Removed: In 2024, we removed Stericycle, Inc.
−Removed: from our custom peer group because it was acquired by Waste Management, Inc.
−Removed: during the year.
We chose the S&P Midcap 400 Index and our custom peer group as we are included in the S&P Midcap 400 Index, and we believe the custom peer group has more similar characteristics to our company for the factors noted above.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.