Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 46

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 46
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 inflation. This reduction ceased as of January 1, 2025. Beginning January 1, 2025, the CEO’s target level of total direct compensation – salary, short-term incentive target and long-term equity award target – has been restored to the 2022 level of $5.0 million, which was his target level of total direct compensation prior to the forfeiture. However, the 2025 compensation targets do not take into account the proposed increases in incentive compensation that Mr. Williams’ has declined since 2021. In fact, his

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| EXECUTIVE COMPENSATION |

$5.0 million target total direct compensation is the same level it was in 2016, while the market value of Primerica has increased 284% from $3.2 billion at the end of 2016 to $9.1 billion at the end of 2024. The Compensation Committee intends to discuss Chief Executive Officer compensation further during 2025. The December 2024 special equity grant was unrelated to the reduction in compensation requested by Mr. G. Williams during the preceding three years, was not part of any agreement or understanding with Mr. G. Williams and was not requested by him. Every other year, our compensation consultant provides the Compensation Committee with a deep dive into market compensation for our executive officers. As discussed in previous proxy statement messages, we use this data for reference to ensure that our executive officers are compensated appropriately. However, we also strongly consider the leadership team’s long-term track record of creating stockholder value. Excluding Messrs. G. Williams and Pitts, whose circumstances are discussed above, the Compensation Committee agreed with Mr. G. Williams’ recommendations to increase compensation targets for our two other executive officers, our President Mr. Schneider and our Chief Financial Officer Ms.Tan. The total target direct compensation for these executives has been increased a weighted average of 12.7% for 2025, including an average increase of 12.9% for short- and long-term incentives and 11.9% for base salary. We hope our fellow stockholders join us in extending appreciation to our executive officers for their leadership in 2024 and for strengthening Primerica’s position for the future. The Compensation Committee always welcomes input from fellow stockholders . COMPENSATION COMMITTEE:

The subsections within this Executive Compensation section are intended to be read together, and each section provides information not included in the others. For background information on the Compensation Committee and its responsibilities, see “