Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 72

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 72
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 the Transaction and vest at the end of the original three-year performance period, subject to continued employment 
 through the vesting date.                                                                                                                                                                                                                            |

| (12) | This amount represents time-based restricted share units granted on January 23, 2023, which vest in equal                                         
 installments on the first, second and third anniversaries of the grant date, subject to continued employment through the applicable vesting date. |

| (13) | This amount represents time-based restricted share units originally granted as a performance-based restricted                                                                                                                                        
 share unit award on December 7, 2022, which were converted to time-based restricted share units in connection with the closing of the Transaction and vest at the end of the original three-year performance period, subject to continued employment 
 through the vesting date.                                                                                                                                                                                                                            |

| (14) | This amount represents time-based restricted share units granted on December 7, 2022, which vest in equal                                         
 installments on the first, second and third anniversaries of the grant date, subject to continued employment through the applicable vesting date. |

| (15) | Mr. Austin was granted 250 Class B units on August 27, 2021 with a vesting commencement date of                                                                                                                                       
 April 1, 2021, consisting of 125 Class B units subject to time-based vesting and 125 Class B units subject to performance-based vesting. 50% of the Class B units subject to time-based vesting vested on April 1, 2023. An           
 additional 16 2/3% vested on April 1, 2024 and the remaining unvested Class B units subject to time-based vesting will vest in equal installments of 16 2/3% on each of the fourth and fifth                                          
 anniversaries of April 1, 2021 with accelerated vesting of all such Class B units upon an Exit Transaction, subject to Mr. Austin’s continued service with the Company through the applicable vesting dates. The remaining unvested   
 Class B units subject to performance-based vesting for Mr. Austin will vest based achievement of a multiple on invested capital returned to significant investors in TWP Holdings, subject to Mr. Austin’s continued service with the 
 Company through the applicable vesting date.                                                                                                                                                                                          |

47

| (16) | Mr. Austin was granted 100 Class B units on October 9, 2022 with a vesting commencement date of                                                                                                                                          
 October 9