Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 69

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 69
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 Ms. Tan, represents a fixed value of time-based RSUs and PSUs granted in February 2023. The fixed value was split equally between time-based RSUs and PSUs. If maximum performance is achieved over the three-year performance period, then the executive would receive shares of our common stock representing 150% of the PSU awards. Assuming a constant stock price throughout the performance period, this results in PSUs with a value of a maximum of approximately $1.6 million for Mr. Williams, $1.3 million for Mr. Schneider, and $900,000 for Mr. Pitts. For Ms. Tan, represents a fixed value of time-based RSUs granted in October 2023. In all cases, the per share value of each RSU and PSU was the closing price per share of our common stock on the trading day immediately preceding the grant date. (6) Represents incentive awards paid in cash in March 2024 for performance in fiscal 2023. (7) Represents a fixed value of time-based RSUs and PSUs granted in February 2022. The fixed value was split equally between time-based RSUs and PSUs. If maximum performance is achieved over the three-year performance period, then the executive would receive shares of our common stock representing 150% of the PSU awards. This results in PSUs with a grant date value of a maximum of $2.1 million for Mr. Williams, $1.1 million for Mr. Schneider, and $750,000 for Mr. Pitts. In all cases, the per share value of each RSU and PSU was the closing price per share of our common stock on the trading day immediately preceding the grant date. (8) Represents incentive awards paid in cash in March 2023 for performance in fiscal 2022. Salary (Column C) Reflects base salary earned by our named executive officers. Bonus (Column D) Primerica has not awarded any non-incentive compensation (other than salary) to our named executive officers. Stock Awards (Column E) The dollar amounts for the awards represent the grant date fair value computed in accordance with GAAP, which is consistent with the value that the Compensation Committee considered when they determined the size of the awards except for minor discrepancies due to the inability to issue a fractional stock award. The ultimate value of the award will depend on the closing price per share of our common stock on thep date that the award vests. Details about fiscal 2024 awards are included in the “Fiscal