Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 40

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 40
---
 |              |     |                               |        |
| Annual LTI Awards (Granted in January 2024)  |     | $                     |        7,605 |     |                               |        |
| — Award Timing                               |     |                       | January 2024 |     |                               |        |
| Inducement / Make Whole Awards               |     | $                     |        6,513 |     |                               |        |
| — Award Timing                               |     |                       | January 2024 |     |                               |        |
| — Moving Expenses                            |     | $                     |          219 |     |                               |        |
| Total Compensation                           |     | $                     |       25,991 |     | $                             | 11,654 |

Say-on-Pay In 2024, approximately 95.2% of the votes cast on Primo Water’s say-on-payproposal approved the compensation of its named executive officers as disclosed in its proxy statement in respect of 2023. Although the vote was non-binding,Primo Water’s compensation committee took into account the result of the 2024 vote in determining executive compensation policies and decisions since the 2024 annual meeting of stockholders. Primo Water’s compensation committee viewed the vote as an expression of the stockholders’ general satisfaction with the current 22

executive compensation programs. Our Compensation Committee intends to consider the results of this year’s
say-on-pay proposal, as well as feedback from our stockholders, when making future executive compensation decisions in 2025.

Overview of Compensation Programs; Role of Compensation Committee

Prior to the Transaction

Prior to the
Transaction, the compensation committee of Primo Water was responsible for overseeing the Primo Water executive compensation programs, including those applicable to Messrs. Rietbroek, Hass, and Ms. Poe, which primarily included compensation
(base salary, annual bonus opportunities, and target long-term equity compensation) and limited perquisites. In addition, the compensation committee of Primo Water was responsible for overseeing talent
management and succession planning for the Primo Water executive officers, as well as reviewing and approving corporate goals and objectives relevant to the Primo Water Chief Executive Officer’s compensation, evaluating
Mr. Rietbroek’s performance in light of these goals and objectives, and making a recommendation to the board of Primo Water regarding Mr. Rietbroek’s compensation level based on the evaluation of his performance.. To assist in
executing its responsibilities, the compensation committee of Primo Water