Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 193

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 193
---
 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

134

compensation committee of Primo Water, with input from FW Cook, determined that the peer group below, consisting of selected North American companies, was appropriate for setting 2024 target compensation: Companies Used for 2024 Primo Water Compensation Comparison 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 North American companies, was appropriate for setting 2024 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 2021 Aon Radford Global Compensation Executive Data (as the 2022 Aon Radford Global Compensation Executive Data was not yet available) and the Willis Towers Watson 2022 Executive Compensation Database Survey. The 2021 Aon Radford Global Compensation Executive Data included 1,109 organizations ranging in size from less than $10 million to $560 billion in annual revenue, and the 2022 Willis Towers Watson Executive Compensation Database Survey included 797 organizations ranging in size from approximately $20 million to $575 billion in annual revenue. The Compensation Committee annually reviews peer group and survey data in recommending our Chief Executive Officer’s compensation to the Board and in