Company: PRMB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009675
Chunk: 63

Company: Primo Brands Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 63
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”     |     |             $412.9 |     |    $170.0 |     | $1,872.6 |
| “Outperform” |     |             $474.8 |     |    $195.5 |     | $2,003.7 |
| Actual       |     |             $435.6 |     |    $201.6 |     | $1,894.8 |

These metrics are interpolated on a straight-line basis between the “threshold,” “target” and “outperform” performance levels, resulting in a payout percentage for each metric. The relative weighting for each metric as set forth in the chart below is applied to the payout percentages, and the results are aggregated, resulting in a bonus payout as a percentage of the target award. This percentage is then applied to the target bonus amount to determine the amount of a NEO’s bonus. The following chart sets forth the calculation of the bonus payouts as a percentage of 2024 target bonus award opportunities for each of the NEOs other than Mr. Austin and Ms. Kim. Primo Water 2024 Performance Bonus Program Calculation of bonus payout as a percent target award

|                                |     | Corporate Pool     
 (enterprise level) |     |           |     |          |
|                                |     | Bonus-             
 Adjusted           
 EBITDA             
 50%                |     | 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: (