Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 47

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 47
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Board of Directors — Board Committees — Compensation Committee.” In this Executive Compensation section, the terms “we,” “our,” and “us” refer to management, the Company and, as applicable, the Compensation Committee.

| Primerica 2025 Proxy Statement | 47 |

| EXECUTIVE COMPENSATION |

whathsNY Co mpensation Discussion and Analysis (CD&A) Executive Officers Our named executive officers ("NEOs") during fiscal 2024 were:

| Name               | Title                                                | Years in Current Role | CompanyTenure |
| Glenn J. Williams  | Chief Executive Officer                              | 10 years              | 44 years      |
| Peter W. Schneider | President                                            | 10 years              | 24 years      |
| Tracy X. Tan       | Executive Vice President and Chief Financial Officer | 1.2 years             | 1.5 years     |
| Gregory C. Pitts   | Executive Vice President                             
 (Chief Operating Officer through September 30, 2024) | 16 years              | 39 years      |

Messrs. G. Williams, Schneider and Pitts and Ms. Tan constitute all of the Company's executive officers during 2024 and, as a result, a fifth executive is not listed. They are referred to throughout this Proxy Statement as our "executive officers", our "named executive officers" or our "NEOs". Compensation Program Changes for 2025 As described elsewhere in this Proxy Statement, Mr. G. Williams asked the Compensation Committee to reduce his base salary and short-term incentive bonus by 20% from September 1, 2022 through December 31, 2024 as well as his long-term equity awards granted in February 2023 and February 2024. These reductions were requested by Mr. G. Williams due to, among other things, the hardship that high inflation in the United States and Canada has inflicted on many families and the Compensation Committee agreed to such reductions. This reduction ceased as of January 1, 2025, with the result that his 2025 base salary, cash incentive target and long-term equity award have been restored to 2022 levels. In December 2024, the Compensation Committee increased the 2025 base salary for our President by $50,000 and for each of our Chief Financial Officer and former Chief Operating Officer by $75,000. The Compensation Committee increased the cash incentive target for each of our President and Chief Financial Officer $100,000, and increased the long-term incentive awards for