Company: PRMB
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001193125-25-049851
Chunk: 84

Company: Primo Brands Corp
Filing Date: 2025-03-07
Form: 424B3
Chunk 84
---
 termination,
less applicable withholdings, and a pro-rata payment of the participant’s annual bonus based on actual performance for the year of termination. In addition, the terminated participant would receive
accelerated vesting of rights to the extent provided in our equity incentive plans (as described above), would continue to receive benefits under our benefit plans for the number of years equal to the severance multiple where we may do so legally
and in accordance with the applicable benefit plans in effect from time to time (up to a maximum of 18 months), and would receive up to $15,000 of outplacement assistance.

Payments to all participants under the Severance Plan subject to excise tax are cut back to an amount that will result in no portion of the
payments being subject to the excise tax.

54

Participants whose employment terminates for Cause, or by voluntary resignation (other than for Good Reason), death, or disability are not entitled to benefits under the Severance Plan. Participants in the Severance Plan agree to non-competitionand non-solicitationprovisions that continue beyond termination for the number of years equal to the applicable severance multiple, regardless of the cause of termination. Participants agree to execute a general release of claims against us in return for payments under the Severance Plan, and the Severance Plan supersedes applicable provisions of each participant’s prior employment agreement. Payments under the Severance Plan As of December 31, 2024, each of our named executive officers participated in the Severance Plan. Under the Severance Plan, if their employment is terminated by Primo Brands without Cause or by the executive for Good Reason, the executive would receive a cash payment equal to the sum of his or her annual base salary and target bonus times a severance multiple. Assuming his or her employment had been terminated on December 31, 2024 by Primo Brands without Cause or by the executive for Good Reason, the applicable named executive officers would have been entitled to the following:

|                   |     | Cash      
 Severance 
 ($)       |           |     | Non-Equity 
 Incentive  
 Plan       
 Payment    
 ($)        |           |     | Medical      
 Continuation 
 ($)          |        |     | Accelerated 
 Awards      
 ($)         |            |     | Total 
 ($)   |            |
| Robbert Rietbroek |     |           | 3,300,000 |     |            |   900,000 |     |              |  2,458 |     |