Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 204

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 204
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 55th Percentile |     | 55th Percentile |            | 200%   |        |     |                |     |         |     |         |

In connection with the Transaction, the BlueTriton Profits Interests awards remain outstanding and, to the extent unvested, eligible to vest, following the Transaction. As stated in “ —Long Term versus Current Paid Compensation” above, in December 2024, each of our named executive officers received an equity award for the 2025 annual grant cycle, consisting of PSUs (66%) and RSUs (34%). All of the RSUs are eligible to vest in three equal annual installments, subject to continued employment through the applicable vesting date. The PSUs are eligible to vest based upon TSR relative to the S&P 400 index over a three-yearperiod beginning on the first day of Primo Brands’ 2025 fiscal year and ending on the last day of Primo Brands’ 2027 fiscal year. The Compensation Committee selected a three-yearperformance period based upon input received from FW Cook regarding competitive market practice, as well as the Compensation Committee’s belief that a three-yearmeasurement period reinforces the link between incentives and long-termPrimo Brands performance. We believe that these equity awards incentivize our named executive officers, align their interests with those of our shareholders and encourage executive retention. Retirement Benefits Our named executive officers are eligible to participate in the applicable legacy Primo Water Corporation 401(k) Plan or BlueTriton Brands, Inc. 401(k) Savings Plan. Employees can contribute a percentage of their 143

eligible earnings, subject to annual contribution limits set by the Internal Revenue Service. In 2024, legacy Primo Water executives, including Messrs. Rietbroek and Hass and Ms. Poe
received employer matching contributions of $10,350, $10,350, and $2,902, respectively, to their 401(k) accounts under the Primo Water Corporation 401(k) Plan, while legacy BlueTriton executives, including Mr. Austin and Ms. Kim, both
received employer matching contributions of $13,800, respectively, to their 401(k) accounts under the BlueTriton Brands, Inc. 401(k) Savings Plan.

As a former employee of the business prior to the Nestlé Acquisition, Mr. Austin is also entitled to an annual retirement
contribution from BlueTriton as replacement for the lost benefit that he would have received under a legacy Nest