Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 241

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 241
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 and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such person, group or any of their respective affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained in our certificate of incorporation. Once converted into shares of Class A common stock, the shares of Class B common stock will not be reissued. Prior to the Beneficial Ownership Sunset Time, each share of Class A common stock held by the ORCP Group may be converted into one share of Class B common stock upon election of the applicable holder. Consent Rights Pursuant to the Stockholders Agreement, for so long as the ORCP Stockholders own at least 30% of the outstanding Shares, the prior written approval of the ORCP Stockholders will be required in order for the Company to do any of the following:

| • |     | authorize, create, or issue any Shares or other equity securities, or securities convertible into equity 
 securities, including the designation of preferred stock, other than:                                    |

| • |     | issuances to Primo Brands or its wholly-owned subsidiaries; |

| • |     | issuances of up to 3% of the outstanding equity securities of Primo Brands or any of its subsidiaries; |

| • |     | issuances pursuant to an equity compensation plan that came into effect at the Closing or approved by the Board; 
 or                                                                                                               |

| • |     | upon the conversion of convertible securities outstanding at the Closing or approved pursuant to the above 
 requirements;                                                                                              |

| • |     | enter into or materially amend any joint ventures or similar business alliances with a fair market value of 
 greater than $200 million;                                                                                  |

173

| • |     | enter into or materially amend any agreement providing for the acquisition or divestiture of assets or securities 
 providing for aggregate consideration in excess of $200 million;                                                  |

| • |     | declare or pay dividends to stockholders on a non-pro rata basis or in 
 excess of $175 million in the aggregate in any fiscal year;            |

| • |     | redeem or repurchase equity securities, other than (i) from a departing associate, officer, director, or                                                                                           
 independent contractor as contemplated by the applicable equity plan or award agreement; or (ii) in connection with the clawback of erroneously awarded compensation in compliance with SEC rules; |

| • |     |