Company: PRMB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009675
Chunk: 53

Company: Primo Brands Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 53
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     | ✘                 |     | Provide excessive perquisites                                                                                                                                                                                                                     |
| ✔          |     | Maintain stock ownership guidelines, pursuant to which our directors, NEOs, and other key employees (a) are directed to hold a certain amount of shares (based on a multiple of base salary or retainer and without taking into account any unexercised option or unearned performance-based vesting awards) and (b) are required to retain a specified portion of the shares received as equity compensation from Primo Brands (or any successor thereto) until the requisite holding level is achieved |     | ✘                 |     | Provide a guaranteed right to a discretionary bonus as a substitute for a performance-based bonus in the event that performance targets are not met                                                                                               |
| ✔          |     | Provide cash bonuses and vesting for performance-based restricted share units at up to 200% of target                                                                                                                                                                                                                                                                                                                                                                                                    |     |                   |     |                                                                                                                                                                                                                                                   |

| * | Mr. Austin and Ms. Kim were historically granted profits interests in a parent entity of BlueTriton (“BlueTriton Profits Interests”), some of which include single trigger vesting upon an “Exit Transaction” of such parent entity, as described in “—Triton Water Parent Holdings, LP Class B Units” below. The Transaction was not an Exit Transaction under the terms of these awards and such awards remain at such parent entity level. In connection with the consummation of the Transaction, the general partner of the parent entity determined to treat outstanding unvested time-vesting BlueTriton Profits Interests as vested in connection with a distribution of profits, which allowed such unvested units to participate currently in such distribution; however, all such unvested time-vesting BlueTriton Profits Interests remain unvested and subject to forfeiture pursuant to their terms for all other purposes. |

34

TABLE OF CONTENTS CEO Compensation for Fiscal 2024 Our Chief Executive Officer commenced employment with Primo Water on January 1, 2024. To facilitate his hiring from an external organization, Mr. Rietbroek was paid a one-time cash sign-on bonus of $882,500 on January 19, 2024, which partially made him whole for the cash compensation that he left behind with his former employer and received a one-time inducement equity award of $3,500,000 as a replacement for compensation forgone at his former employer. Such one-time bonus and equity