Company: PRMB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009675
Chunk: 108

Company: Primo Brands Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 108
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 March 31, 2024 and 16 2/3% of such Class B units will vest on each of the fourth and fifth anniversaries of March 31, 2021 with accelerated vesting of all such Class B units upon an Exit Transaction, subject to Mr. Cramer’s continued service with the Company through the applicable vesting dates. The remaining 75 Class B units granted to Mr. Cramer on November 10, 2021 are subject to performance-vesting and will vest based on achievement of a multiple on invested capital returned to significant investors in TWP Holdings, subject to Mr. Cramer’s continued service with the Company through the applicable vesting date. All of the 150 Class B units granted to Mr. Cramer on October 31, 2023 are subject solely to time-basted vesting of which 50% of such Class B units vest on the second anniversary of October 31, 2023 and 16 2/3% will vest on each of the third, fourth, and fifth anniversaries of October 31, 2023 with accelerated vesting of all such Class B units upon an Exit Transaction, subject to Mr. Cramer’s continued service with the Company through the applicable vesting dates. |

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TABLE OF CONTENTS

PAY VS PERFORMANCE In accordance with Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between compensation of our CEO and NEOs and certain financial performance measures of Primo Brands. For further information on Primo Brands’ pay-for-performance philosophy and how executive compensation aligns with the Company’s performance, refer to the “Compensation Discussion and Analysis” section of this proxy statement.

|      |     |              |     |               |     |                 |     |               |     | Value of an initial $100 
              Investment: |     |             |     |             |     |             |
| Year |     |      Summary 
 Compensation 
  Table Total 
   for CEO1,2 |     |  Compensation 
 Actually Paid 
     to CEO1,3 |     |         Average 
         Summary 
    Compensation 
 Table Total for 
         Non-CEO 
         NEOs1,2 |     |       Average 
  Compensation 
 Actually Paid 
    to Non-CEO 
       NEOs1,3 |     |                    Total 
              Shareholder 
                  Return4 |     |  Peer Group 
       Total 
 Shareholder 
     Return5 |