Company: PRMB
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001193125-25-049851
Chunk: 43

Company: Primo Brands Corp
Filing Date: 2025-03-07
Form: 424B3
Chunk 43
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 sign-onbonus, which together replaced the value of certain similar compensation from Mr. Rietbroek’s prior employer. As a result, compensation for these executives may have differed from the peer group and may have varied according to factors such as experience, position, tenure, individual and organizational factors, and retention needs, among others. The compensation committee of Primo Water annually evaluated and selected which companies would comprise its compensation peer group. With guidance from its compensation consultant and input and discussion with management, the compensation committee of Primo Water discussed annually whether the mix of companies in the peer group produced a valid competitive analysis relative to our talent requirements. The compensation committee of Primo Water, with input from FW Cook during its August 2023 meeting, determined that the peer group below, consisting of selected US public companies in the beverage and food consumer packaged goods or in the route-based service industries of an appropriate size, was applicable for setting target compensation.

| Companies used for Compensation Comparison |     |                                       |
| Addus HomeCare Corporation                 |     | Cintas Corporation                    |
| ADT Inc.                                   |     | Frontier Communications Parent, Inc.  |
| A.O. Smith Corporation                     |     | GDI Integrated Facility Services Inc. |
| ATN International, Inc.                    |     | Healthcare Services Group, Inc.       |
| Aveanna Healthcare Holdings Inc.           |     | Rollins, Inc.                         |
| The Brink’s Company                        |     | Stericycle Inc.                       |
| Casella Waste Systems, Inc.                |     | UniFirst Corporation                  |
| Chemed Corporation                         |     | Waste Connections, Inc.               |

In addition, the compensation committee of Primo Water reviewed size-adjustedmedian compensation data from two general industry surveys in which management annually participates: the 2022 Aon Radford Global Compensation Database (as the 2023 Aon Radford Global Compensation Executive Data was not yet available) and the Willis Towers Watson 2023 Executive Compensation Survey Report. The 2022 Aon Radford Global Compensation Database included over 3,000 organizations ranging in size from less than $10 million to $610 billion in annual revenue, and the 2023 Willis Towers Watson Executive Compensation Survey Report included approximately 1,000 organizations ranging in size from approximately $20 million to $610 billion in annual revenue. 24

Prior to the Transaction, the compensation of Mr. Austin and Ms. Kim was determined by BlueTriton. In particular, the compensation committee of the Blue