Company: PRMB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009675
Chunk: 52

Company: Primo Brands Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 52
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 contributions to Primo Brands. |

| • | Support the whole person, enabling personal and professional growth. |

33

TABLE OF CONTENTS

What We Do and Do Not Do . We seek to ensure that our executive compensation programs are closely aligned with the interests of our stockholders by following these corporate governance best practices:

| WHAT WE DO |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     | WHAT WE DO NOT DO |     |                                                                                                                                                                                                                                                   |
| ✔          |     | Administer a robust risk management program, which includes our Compensation Committee’s oversight of the relationship between our compensation programs and risk, as well as the oversight of risk by the Audit Committee on behalf of the full Board pursuant to the Audit Committee Charter                                                                                                                                                                                                           |     | ✘                 |     | Permit employees or directors to engage in any hedging or monetization transactions, short-term, or speculative transactions, or to hold Primo Brands securities in a margin account or pledging Primo Brands securities as collateral for a loan |
| ✔          |     | Award annual and long-term incentive compensation subject to achievement of objective and pre-established performance goals tied to corporate, operational and strategic objectives                                                                                                                                                                                                                                                                                                                      |     | ✘                 |     | Permit stock option re-pricing (including cash buyouts of underwater options or stock appreciation rights) without stockholder approval                                                                                                           |
| ✔          |     | Provide competitive compensation that is compared to a relevant peer group, which is reviewed annually                                                                                                                                                                                                                                                                                                                                                                                                   |     | ✘                 |     | Provide for automatic “single trigger” vesting of awards granted by Primo Brands upon a change in control*                                                                                                                                        |
| ✔          |     | Include double trigger change in control vesting provisions for equity awards*                                                                                                                                                                                                                                                                                                                                                                                                                           |     | ✘                 |     | Provide cash compensation upon death or disability                                                                                                                                                                                                |
| ✔          |     | Engage an independent compensation consultant that does not provide any services to management and that had no relationship with management prior to the engagement                                                                                                                                                                                                                                                                                                                                      |     | ✘                 |     | Provide excise tax gross-ups upon change in control                                                                                                                                                                                               |
| ✔          |     | Maintain a clawback policy to allow the Board to recoup any excess annual or long-term incentive compensation paid to our current and former executive officers in the event of a required financial restatement, whether or not based on misconduct, due to material non-compliance with any financial reporting requirement under the securities laws (including any “Big R” or “little r” restatement)                                                                                                |