Brink's raises CEO Mark Eubanks' severance benefits and extends equity vesting terms
Brink's approved higher severance and equity vesting protections for CEO Mark Eubanks, following a competitive market review and a board focus on retention and succession planning. The changes increase potential payouts and vesting periods if he is terminated, which could affect the company's costs in those situations.
Key points
- On July 16, 2025, the Compensation and Human Capital Committee approved amendments to the Severance Pay Plan, raising the CEO's cash severance from 1.5 to 2.0 times annual salary and target annual incentive.
- Under the amended Change in Control Plan, the CEO's cash severance rises from 2.0 to 3.0 times salary and three-year average actual bonus, and COBRA benefits extend from 18 to 24 months.
- On July 17, 2025, Eubanks signed a letter agreement that fully vests certain Company Match Units if he is involuntarily terminated without Cause before September 7, 2026.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2025.
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