Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 73

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 73
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, 2022, consisting of 50 Class B units subject to time-based vesting and 50 Class B units subject to performance-based vesting. 50% of the Class B units subject to time-based vesting vested on October 9, 2024, and           
 16 2/3% will vest on each of the third, fourth, and fifth anniversaries of October 9, 2022 with accelerated vesting of all such Class B units upon an Exit Transaction, subject to Mr. Austin’s continued service with the Company       
 through the applicable vesting dates. The remaining unvested Class B units subject to performance-based vesting for Mr. Austin will vest based on achievement of a multiple on invested capital returned to significant investors in TWP 
 Holdings, subject to the Mr. Austin’s continued service with the Company through the applicable vesting date.                                                                                                                            |

| (17) | Mr. Austin was granted 135 Class B units on February 7, 2023 with a vesting commencement date of                                                                                                                                             
 October 31, 2022, consisting of 67.5 Class B units subject to time-based vesting and 67.5 Class B units subject to performance-based vesting. 50% of the Class B units subject to time-based vesting vested on October 31, 2024,             
 and 16 2/3% will vest on each of the third, fourth, and fifth anniversaries of October 31, 2022 with accelerated vesting of all such Class B units upon an Exit Transaction, subject to Mr. Austin’s continued service with the              
 Company through the applicable vesting dates. The remaining unvested Class B units subject to performance-based vesting for Mr. Austin will vest based on achievement of a multiple on invested capital returned to significant investors in 
 TWP Holdings, subject to the Mr. Austin’s continued service with the Company through the applicable vesting date.                                                                                                                            |

| (18) | Mr. Austin was granted 247 Class B units on June 20, 2023 with a vesting commencement date of                                                                                                                                     
 May 1, 2023, consisting of 123.5 Class B units subject to time-based vesting and 123.5 Class B units subject to performance-based vesting. 50% of the remaining unvested Class B units subject to time-based vesting for          
 Mr. Austin will vest on the second anniversary of May 1, 2023, and