Company: PRMB
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001193125-25-049851
Chunk: 51

Company: Primo Brands Corp
Filing Date: 2025-03-07
Form: 424B3
Chunk 51
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 percentage calculated as the average net working capital (i.e., accounts receivable, plus inventory, less accounts payable) over the four-month period ending on December 31, 2024, divided by annualized net sales. The target 30

Total Company Working Capital percentage was 4.8%. The actual Total Company Working Capital percentage was 4.7%, which resulted in pool funding at 100%. The portion of the BlueTriton bonus pool funding related to Corporate Responsibility was based ratably on achievement related to three Corporate Responsibility objectives: (a) circular packaging, (b) water & transparency, and (c) leadership dynamics and structure. For Mr. Austin, 80% of the achieved Corporate Responsibility performance (as a percentage) is multiplied by the Retail EBITDA performance level (as a percentage) and 20% of the achieved Corporate Responsibility performance (as a percentage) is multiplied by the ReadyRefresh EBITDA performance level (as a percentage) and the sum of two such multiples represent the aggregate bonus pool funding level (as a percentage) related to Corporate Responsibility. All Corporate Responsibility objectives with respect to fiscal year 2024 were achieved, which resulted in pool funding at 100%. Based on the foregoing, the aggregate BlueTriton business metric payout for Mr. Austin is set forth below, including the relative weighting of each metric:

| BlueTriton Business Metric                                 |     | Actual Payout (as a % of 
 Target)                  |     |   |
| Retail EBITDA (75%)                                        |     |                          | 190 | % |
| ReadyRefresh EBITDA (25%)                                  |     |                          | 127 | % |
| Total Company Working Capital (15%)                        |     |                          | 100 | % |
| Corporate Responsibility (10%)                             |     |                          | 100 | % |
| Actual Aggregate Company Business Metric Payout Percentage |     |                          | 174 | % |

BlueTriton’s individual performance metrics are based on multiple competencies and criteria for which an individual performance rating score is assigned for the fiscal year. For fiscal year 2024, the relevant competencies and criteria and performance levels for Mr. Austin are set forth below:

| BlueTriton Individual Performance Metrics                                |     | Achievement Level 
 (out of five)     |                          |     | Actual Payout 
 (as a % of    
 Target)       |     |   |
| Individual Goals (70%):                                                  |     |                   |