Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 197

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 197
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. Kim, which
primarily included compensation (base salary, annual bonus opportunities and participation in the BlueTriton long-term equity compensation program, in the form of BlueTriton Profits Interests) and limited perquisites. In addition, the compensation
committee was responsible for overseeing talent management and succession planning for the BlueTriton executive officers.

Following the
Transaction, the Compensation Committee will be responsible for overseeing the executive compensation programs applicable to our named executive officers which currently primarily includes compensation (base salary, annual bonus opportunities, and
target long-term equity compensation) and limited perquisites. In addition, the Compensation Committee is responsible for overseeing talent management and succession planning for the Primo Brands’
executive officers, as well as setting objectives and evaluating the performance of Primo Brands’ Chief Executive Officer. To assist in executing its responsibilities, our Compensation Committee may retain independent compensation consultants,
at Primo Brands’ expense, who will report solely to our Compensation Committee. Changes to the compensation of the Chief Executive Officer of Primo Brands will be recommended to the independent members of the Board by the Compensation
Committee, and the Board will review and approve any changes deemed appropriate.

Setting Executive Compensation and the Role of Executive Officers in Compensation Decisions

Prior to the Transaction

Prior to the Transaction, the compensation committee of Primo Water, annually and as it otherwise deemed appropriate, met with its Chief
Executive Officer and its Chief Human Resources Officer to obtain recommendations with respect to its compensation programs and packages for Mr. Hass and Ms. Poe. Further, from time to time, its Chief Executive Officer and Chief Human
Resources Officer made recommendations to its compensation committee on base salary, long-term incentive plan awards, performance targets, and other compensation terms for such executive officers that its compensation committee considered. The
compensation committee of Primo Water considered management’s proposals, reviewed independent data to validate these recommendations and, if acceptable, approved them. The compensation committee of Primo Water was not bound to, and did not
always accept, management’s recommendations with respect to executive compensation for Mr. Hass and Ms. Poe.

The
compensation committee of Primo Water engaged Frederic W. Cook & Co., Inc (“FW Cook”), a compensation consultant, to provide executive compensation advisory services, to help evaluate Primo Water’s compensation philosophy and
objectives and to provide guidance in administering Primo Water’s executive compensation program for fiscal year 2024. FW Cook only performed work for and reported directly to the compensation committee of Primo Water