Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 82

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 82
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 had not vested as of       |

52

| (v) performance-based restricted share units granted in December 2024 under the Primo Brands Equity Plan. Because the performance period for the performance-based restricted share units granted to our named                                       
 executive officers in December 2024 has not yet been completed, the number of common shares issuable pursuant to performance-based restricted share units that such named executive officers would have been entitled to on December 31, 2024 cannot 
 be determined. As a result, this column includes the value of such performance-based restricted share units, assuming achievement of the performance goals at “target” and a share value equal to the closing price of our common shares on the      
 NYSE as of December 31, 2024 ($30.77).                                                                                                                                                                                                               |

These amounts are included in the applicable “Equity Awards” column in the tables under the heading “Payments under the Severance Plan” on page 55 of this registration statement. Triton Water Parent Holdings, LP Class B Units BlueTriton has historically granted profits interests to BlueTriton’s executives, including Mr. Austin and Ms. Kim, in TWP Holdings. In connection with an “Exit Transaction,” all unvested Class B units granted to Mr. Austin and Ms. Kim would vest, subject to their continued service with the Company through the effective date of the Exit Transaction and Mr. Austin and Ms. Kim would be entitled to the following:

| Class B Units in TWP Holdings |     | Accelerated 
 Vesting     
 ($)(1)      |           |
| Robert Austin                 |     |             | 8,337,622 |
| Hih Song Kim                  |     |             | 3,601,133 |

Notes:

| (1) | Amount reflects the assumed accelerated vesting of all unvested Class B units in TWP Holdings granted to                                                                                                    
 Mr. Austin and Ms. Kim based on an assumed value per Class B unit in TWP Holdings as of December 31, 2024 of $5,399 with such amount calculated taking into account the applicable participation threshold. |

An “Exit Transaction” includes (i) the direct or indirect sale of 85% or more of the assets of TWP Holdings and its subsidiaries, taken as a whole, to any person who is not an affiliate of TWP Holdings; (ii) the sale, transfer or disposition (whether by merger, consolidation or otherwise) by Triton Water Investor Holdings, LP to any person who is