Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 205

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 205
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lé retirement plan. Based on a formula using age and years of service multiplied by his eligible compensation, Mr. Austin is
eligible to receive an annual retirement contribution of up to 9% of his base salary and annual bonus, up to the annual compensation maximum set forth by the IRS each year for qualified benefit plans. For fiscal year 2024, Mr. Austin was
eligible to receive an annual retirement contribution of $24,150.

Perquisites and Other Personal Benefits

Prior to the Transaction, legacy Primo Water executives, including Messrs. Rietbroek and Hass and Ms. Poe were provided with perquisites
and other personal benefits, including an annual executive physical examination, car allowance, and cell phone allowance, while legacy BlueTriton executives, including Mr. Austin and Ms. Kim, were provided with a car allowance. Going
forward, we intend to provide our named executive officers with similar limited perquisites and other personal benefits that are not otherwise available to all of our employees, including a car allowance and a cell phone allowance. The Compensation
Committee intends to periodically review the levels of perquisites and other personal benefits provided to named executive officers to ensure that they are appropriately limited and effectively facilitate job performance. Perquisites and personal
benefits are taken into account as part of the total compensation to executive officers.

Perquisites and other personal benefits for our
named executive officers are set forth in the Summary Compensation Table, under the heading “All Other Compensation” and related footnotes on page 147 of this registration statement.

Nonqualified Deferred Compensation Plan

We maintain the legacy BlueTriton Brands Non-Qualified Deferred Compensation Plan (the “NQDC
Plan”), in which Ms. Kim is the sole NEO who is a participant. The NQDC Plan is a supplemental benefit plan that allows participants to contribute up to 75% of their annual base salary and up to 100% of their annual bonus to a compensation
deferral account. The NQDC Plan offers participants the opportunity to enhance their long-term savings on a tax-deferred basis. Participants are fully vested in their compensation deferral accounts at all
times.

Participants can elect to receive distributions upon separation from service, retirement, or as an
in-service withdrawal. These distributions can be made in the form of a lump sum or annual installments over a period elected by the participant. For in-service
withdrawals, participants must elect a specific date for distribution, which must be at least a specified number of years in the future