Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 88

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 88
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 of our median employee for fiscal 2024 is estimated to be 121 to 1. If not for the special equity award granted to Mr. Williams in December 2024, his annual total compensation for 2024 would have been $4,690,375 and the pay ratio would have been estimated to be 79 to 1. The Company believes that the pay ratio set forth above is a reasonable estimate that has been calculated in a manner consistent with the SEC’s rules. The SEC allows for multiple approaches and permits companies to rely on a number of assumptions in calculating its pay ratio. Therefore, our method of calculating pay ratio will differ from that used by other companies and investors should not consider pay ratio in isolation or as a substitute for analysis of the Company’s executive compensation program. Further, our Compensation Committee does not consider pay ratio in its development of the Company’s executive compensation program and does not use it in its determination of our Chief Executive Officer’s compensation. Em ployee, Officer and Director Hedging Employees, officers and members of the Board of the Company and its subsidiaries, and their related persons (as defined in our Insider Trading Policy) and any designees of such persons, are prohibited from purchasing, selling or trading in financial instruments (including options, warrants, puts and calls, prepaid variable forward contracts, equity swaps, collars and exchange funds) or otherwise engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company’s securities. In addition, employees, officers and members of the Board, and their related

| Primerica 2025 Proxy Statement | 85 |

| EXECUTIVE COMPENSATION |

persons and any designees of such persons, may not sell the Company’s securities “short”, pledge the Company’s securities or hold the Company’s securities in margin accounts. Em ployment Agreements Each of our named executive officers is a party to an employment agreement, the terms of which are described below.

| Item                                                                                                                
 Term of Employment Agreements                                                                                       |     | Chief Executive Officer                                                                                       
 Three-year term, expired on April 1, 2018 followed by annual auto-renewals                                    |     | Other Named Executive Officers                                                                                                                                                                                                                                                                         
 For Messrs. Schneider and Pitts, the three-year term expired on January 5, 2018 followed by annual auto-renewals. Ms. Tan's initial term expires on January 5, 2027 and will be followed by annual auto-renewals. Mr. Pitt