Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 218

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 218
---
 | Equity 
 Awards 
 ($)    |
| Robbert Rietbroek |     |        |
| David Hass        |     |        |
| Robert Austin     |     |        |
| Marni Morgan Poe  |     |        |
| Hih Song Kim      |     |        |

These amounts are included in the applicable “Equity Awards” column in the tables under the heading “Payments under the Severance Plan” on page 156 of this registration statement. 155

Triton Water Parent Holdings, LP Class B Units BlueTriton has historically granted profits interests to BlueTriton’s executives, including Mr. Austin and Ms. Kim, in TWP Holdings. In connection with an “Exit Transaction,” all time-vesting Class B units granted to Mr. Austin and Ms. Kim would vest, subject to their continued service with the Company through the effective date of the Exit Transaction and Mr. Austin and Ms. Kim would be entitled to the following:

| Class B Units in TWP Holdings |     | Accelerated 
 Vesting     
 ($)         |
| Robert Austin                 |     |             |
| Hih Song Kim                  |     |             |

An “Exit Transaction” includes (i) the direct or indirect sale of 85% or more of the assets of TWP Holdings and its subsidiaries, taken as a whole, to any person who is not an affiliate of TWP Holdings; (ii) the sale, transfer or disposition (whether by merger, consolidation or otherwise) by Triton Water Investor Holdings, LP to any person who is not an affiliate of TWP Holdings of eighty-five percent (85%) or more of the partnership units owned by Triton Water Investor Holdings, LP; or (iii) such other extraordinary transaction or series of transactions that ORCP III DE TopCo GP, LLC determines, in its sole discretion, shall be considered an “Exit Transaction”. Severance Plan We established the Severance Plan on December 11, 2024. As of December 31, 2024, each of our named executive officers who were employed by us as of such date participated in the Severance Plan. The Compensation Committee determines which of our employees are eligible to participate in the Severance Plan. Each participant is assigned to one of three levels, which generally correspond to severance multiples as follows: Level 1 Employees-2times; Level 2 Employees-1.25times; Level 3 Employees-1times. Mr. Rietbroek was a Level