Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 49

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 49
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 Bonus-Adjusted 
 Operating Free 
 Cash Flow      
 25%            |       |   |     | Bonus-Adjusted 
 Revenue        
 25%            |       |   |
| % Payout (Per Metric)          |     |                    |  136.7 | % |     |                | 200.0 | % |     |                | 116.9 | % |
| % Payout-Weighted (Per Metric) |     |                    |   68.4 | % |     |                |  50.0 | % |     |                |  29.2 | % |
| Aggregate Bonus Payout %       |     |                    | 147.6% |   |     |                |       |   |     |                |       |   |

Company Performance Targets applicable to BlueTriton with respect to fiscal 2024 In 2024, Mr. Austin and Ms. Kim participated in BlueTriton’s annual cash incentive bonus program with a target bonus award of 150% of annual base salary with respect to Mr. Austin and 50% for Ms. Kim. Mr. Austin and Ms. Kim’s annual bonus payments for 2024 will be paid out based on achievement of metrics in two categories: (i) company business target achievement and (ii) individual performance rating. These components and the associated weighting were determined by the compensation committee of the BlueTriton Board. Funding for the corporate component applicable to Mr. Austin and Ms. Kim is based on achievement of four metrics (i) Retail EBITDA, (ii) ReadyRefresh EBITDA, (iii) Total Company Working Capital and (vi) Corporate Responsibility objectives. EBITDA for each segment is calculated in the same manner as Adjusted EBITDA. Adjusted EBITDA is calculated as net income or loss before interest and financing expense, net, provision for (benefit from) income taxes, and depreciation and amortization as further adjusted for various costs, including those associated with acquisition and transaction-related costs, one-timeconsulting fees, related party management fees, and legal fees related to cases originating under Nestlé. Additionally, adjustments are made for unrealized foreign exchange and fuel hedge losses or gains, net, nonrecurring costs related to software implementation, severance costs associated with restructuring plans, write-offof long-lived assets, and other infrequent or nonrecurring adjustments. Total Company Working Capital is calculated as a percentage equal to (A) accounts receivables