Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 230

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 230
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), and would receive up to $15,000 of outplacement assistance.

Payments to all participants under the Severance Plan subject to excise tax are cut back to an amount that will result in no portion of the
payments being subject to the excise tax.

Participants whose employment terminates for Cause, or by voluntary resignation (other than for
Good Reason), death, or disability are not entitled to benefits under the Severance Plan.

Participants in the Severance Plan agree to non-competition and non-solicitation provisions that continue beyond termination for the number of years equal to the applicable severance multiple, regardless of the cause of
termination. Participants agree to execute a general release of claims against us in return for payments under the Severance Plan, and the Severance Plan supersedes applicable provisions of each participant’s prior employment agreement.

Payments under the Severance Plan

As of December 31, 2024, each of our named executive officers participated in the Severance Plan. Under the Severance Plan, if their
employment is terminated by Primo Brands without Cause or by the executive for Good Reason, the executive would receive a cash payment equal to the sum of his or her annual base salary and target bonus times a severance multiple.

158

Assuming his or her employment had been terminated on December 31, 2024 by Primo Brands without Cause or by the executive for Good Reason, the applicable named executive officers would have been entitled to the following:

|                   |     | Cash      
 Severance 
 ($)       |     | Non-Equity 
 Incentive  
 Plan       
 Payment    
 ($)        |     | Medical      
 Continuation 
 ($)          |     | Equity 
 Awards 
 ($)    |     | Total 
 ($)   |
| Robbert Rietbroek |     |           |     |            |     |              |     |        |     |       |
| David Hass        |     |           |     |            |     |              |     |        |     |       |
| Robert Austin     |     |           |     |            |     |              |     |        |     |       |
| Marni Morgan Poe  |     |           |     |            |     |              |     |        |     |       |
| Hih Song Kim      |     |           |     |            |     |              |     |        |     |       |

Assuming his or her employment had been terminated in connection with a Change of Control on December 31, 2024,