Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 210

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 210
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170.4%  |
|                   | Revenue (25%) |             | $7,430M         |     | $7,292.7M       |            | 81.5%  |        |     |                |     |         |     |         |
| 2024 Annual Grant |               |             | 2024 – 2026     |     |                 | ROIC (50%) |        | 13.3%  |     | 13.8%          |     | 174.5%  |     | 187.25% |
|                   | rTSR (50%)    |             | 55th Percentile |     | 55th Percentile |            | 200%   |        |     |                |     |         |     |         |

The BlueTriton Profits Interests awards did not vest in connection with the consummation of the Transaction and remain outstanding and, to the extent unvested, eligible to vest, following the Transaction subject to their terms; however, in connection with the consummation of the Transaction, the general partner of the parent entity of BlueTriton exercised discretion on a one-offbasis to treat outstanding unvested time-vestingBlueTriton Profits Interests as vested in connection with a distribution of profits, which allowed such unvested units to participate currently in such distribution. 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. 144

Retirement Benefits

Our named executive officers are