Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 42

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 42
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 Directors’ Deferred Compensation Plan. See “— Deferred Compensation.” At December 31, 2024, our non-employee directors each held 342 unvested equity awards that had been granted on May 8, 2024. As of December 31, 2024, these awards had a market value of $92,826 based on the closing price per share of our common stock on the NYSE on that date of $271.42. All RSUs and deferred stock units granted in fiscal 2024 vest in equal installments on the three-month, six-month, nine-month and twelve-month anniversary of the grant date (or, if earlier, the final tranche vests on the date of the Company's Annual Meeting of Stockholders in the year following the year of grant). Deferred Compensation Our Board adopted the Nonemployee Directors’ Deferred Compensation Plan in November 2010, under which non-employee directors may elect to defer all or a portion of their directors’ fees. At the director’s option, we convert all or a portion of his or her cash fees otherwise payable during a calendar quarter to deferred stock units equal in number to the maximum number of shares of our common stock, or fraction thereof (to the nearest one hundredth (1/100) of one share), which could be purchased with the dollar amount of such fees at the closing price per share of our common stock on the last trading day of the calendar quarter. These deferred stock units will be fully vested on such date. At the director’s option, we credit his or her deferral account with deferred stock units equal in number to the number of equity awards to which the director was otherwise entitled. Any deferred stock units that are issued upon deferral of equity awards are subject to the same vesting provisions as the equity awards themselves. We also credit the deferral account with deferred stock units equal in number to the maximum number of shares of our common stock, or fraction thereof (to the nearest one hundredth (1/100) of one share), which could have been purchased with the cash dividend, if any, which would have been payable had the participant received restricted stock awards to which he or she was otherwise

| Primerica 2025 Proxy Statement | 43 |

| BOARD OF DIRECTORS |

entitled. The deferred stock units credited in lieu of the payment of dividends on equity awards are fully vested on the dividend payment date. We pay all deferred compensation in the form of our common stock, at the director’s election, within 60 days of