Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 191

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 191
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. The purpose of the Compensation Committee is to, among other things, (i) discharge the responsibilities of the Board relating to compensation of the Company’s Chief Executive Officer; (ii) discharge the responsibilities of the Board relating to compensation of “executive officers” as defined under Rule 16a-1(f)promulgated under the Securities Exchange Act of 1934, as amended (“Executive Officers”); (iii) annually review and report to the Board on organizational structure and ensure that a succession plan for the chief executive officer and the Executive Officers of the Company has been developed; (iv) administer the Company’s incentive compensation and equity-based plans subject to Board approval; (v) review and discuss with management the Company’s Compensation Discussion and Analysis, and produce an annual report on executive compensation for inclusion in the Company’s proxy statement, in accordance with applicable rules and regulations; and (vi) review and discuss with management the Company’s key people management strategies and programs in furtherance of the Company’s environmental, social, and governance related strategies. Specific responsibilities of the Compensation Committee include, among other things:

| • |     | reviewing and approving corporate goals and objectives relevant to the CEO’s compensation and evaluating the 
 CEO’s performance in light of these goals;                                                                   |

| • |     | reviewing and making recommendations to the Board regarding the cash and equity compensation, perquisites, 
 evaluation, and employment agreements of the Company’s Chief Executive Officer;                            |

| • |     | reviewing, considering the recommendation of the Company’s Chief Executive Officer and the head of the  
 Company’s human resources function, and establishing the annual compensation of the Executive Officers; |

| • |     | reviewing and approving grants for participants under the Company’s equity compensation plans; and |

| • |     | reviewing and recommending to the Board the compensation of non-employee 
 directors.                                                               |

129

Nominating and Governance Committee The Nominating and Governance Committee of the Board (the “Nominating Committee”) is composed of Mr. Fowden, Mr. Cramer, Mr. Prim, and Ms. Reed, with Mr. Fowden serving as Chair. The Board has determined that each member of the Nominating Committee qualifies as “independent” under the applicable stock exchange listing standards and the rules and regulations of the SEC, other than Ms. Reed. We are relying on the phase-in exemption provided to newly-public companies under the NYSE listing rules with respect to the composition of our Nominating Committee, which will transition to