Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 164

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 164
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 shares and 46,989 common
shares, respectively, were withheld from delivery to Primo Water’s associates to satisfy their respective tax obligations related to share-based awards.

During the fiscal years ended December 30, 2023, December 31, 2022, and January 1, 2022, 307,042 shares, 253,968 shares, and
263,220 shares, respectively, of Primo Water’s previously-issued common shares were withheld from delivery to the company’s associates to satisfy their tax obligations related to share-based awards.

Capital Structure

Since
December 30, 2023, Primo Water’s equity has increased by $41.6 million. The increase was due to net income of $79.6 million, the issuance of common shares of $17.5 million, and share-based compensation costs of
$17.5 million, partially offset by common shares repurchased and canceled of $20.3 million, common share dividend payments of $43.9 million and other comprehensive loss, net of tax of $8.8 million.

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Dividend Payments

Common Share Dividend

On
August 6, 2024, Primo Water’s board of directors declared a dividend of $0.09 per share on common shares, payable in cash on September 5, 2024, to shareowners of record at the close of business on August 22, 2024. On
October 15, 2024, Primo Water’s board of directors also declared a special dividend of $0.82 per common share, to be paid on November 21, 2024 to shareowners of record at the close of business on November 5, 2024, in connection
with the Transaction.

Primo Water’s board of directors declared a quarterly dividend of $0.08 and $0.07 per common share in each
quarter during 2023 and 2022, respectively, for an aggregate dividend payment of approximately $51.8 million and $45.7 million, respectively.

Quantitative and Qualitative Disclosures about Market Risk

In the ordinary course of business, Primo Water is exposed to foreign currency, interest rate, commodity price, and credit risks. Primo Water
hedges firm commitments or anticipated transactions and does not enter into derivatives for speculative purposes. Primo Water does not hold financial instruments for trading purposes.

Currency Exchange Rate Risk

Primo
Water is exposed to changes in foreign currency exchange rates.