Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 80

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 80
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 units granted to Primo Water executives in December 2022 and 2023 under the 
 Legacy 2018 Plan that had not vested as of December 31, 2024, (ii) time-based restricted share units granted                                                                                                |

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| in January 2023 and 2024 to Messrs. Hass and Rietbroek, respectively, under the Legacy 2018 Plan that had not vested as of December 31, 2024, (iii) time-based restricted share units granted                                                        
 in January 2024 to Mr. Rietbroek pursuant to the inducement award, (iv) time-based restricted share units granted in December 2024 under the Primo Brands Equity Plan, (v) performance-based restricted share units granted in                       
 December 2022 and 2023 under the Legacy 2018 Plan that had not vested as of December 31, 2024, which were converted to time-based restricted share units in connection with the closing of the Transaction that will vest at the end of the original 
 award’s performance period, (vi) performance-based restricted share units granted in January 2023 and 2024 to Messrs. Hass and Rietbroek, respectively, under the Legacy 2018 Plan that had not vested as of December 31, 2024, which were           
 converted to time-based restricted share units in connection with the closing of the Transaction that will vest at the end of the original award’s performance period, and (vii) 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 “Accelerated Awards” column in the tables under the heading “Payments under the Severance Plan” on page 55 of this registration statement. In the case of a grantee’s termination without Cause or resignation with Good Reason under the Legacy Equity Plans