Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 63

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 63
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 on each individual’s personal performance and making compensation recommendations to the Compensation Committee. Our executive officers do not directly participate in determining their compensation, although they provide the Compensation Committee and the Chief Executive Officer with detailed reports on their personal achievements during the year. In making his recommendations, our Chief Executive Officer considered: (i) the individual’s performance and contributions to the Company and the achievement of the Company’s strategic objectives; (ii) the potential future contribution of the individual to the Company; (iii) achievement of the Company’s business and financial goals, including the potential for the individual to make even greater contributions to the Company in the future than he or she has in the past; (iv) the risk that the individual may be recruited by a competitor; and (v) market compensation data and internal compensation analyses. The Compensation Committee discussed these recommendations with our Chief Executive Officer and in executive session with its independent compensation consultant. Post-Employment Compensation The Company has no executive deferred compensation plan or defined pension plan and has no agreements that trigger payouts solely due to a change of control of the Company. The Compensation Committee has approved employment agreements with each of our named executive officers that provide for severance and change-of-control benefits if the officer’s employment terminates upon a qualifying event or circumstance, such as being terminated without cause or leaving employment for good reason. Additional information regarding the employment agreements is found under “— Employment Agreements” below, and a quantification of benefits that would have been received by our named executive officers had their termination occurred on December 31, 2024 is found under “— Potential Payments and Other Benefits Upon Termination or Change of Control.” The Compensation Committee believes that severance benefits are an important part of a competitive overall compensation arrangement for our named executive officers and are consistent with the objective of attracting, motivating and retaining highly talented executives. The Compensation Committee also believes that such benefits will help to secure the continued employment and dedication of our named executive officers, mitigate concern that they might have regarding their continued employment prior to, or following, a change of control, and encourage independence and objectivity when considering possible transactions that may be in the best interests of our stockholders but may possibly result in the termination of their employment. Finally, the Compensation Committee believes that post-employment non-disclosure, non-competition and non-solicitation covenants to which our named executive officers have agreed in consideration for the Company providing these severance benefits are highly beneficial to the Company.

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| EXECUTIVE COMPENSATION |

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