Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 206

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 206
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, as outlined in the NQDC Plan. In the event of a participant’s death or disability, all account balances
will be paid in a single lump sum. Additionally, participants may request distributions in the event of an unforeseeable financial emergency, subject to the plan administrator’s approval. Participants may also request distributions in the event
of a change in control with all account balances paid on the date of such change in control and in a single lump sum, unless otherwise elected by the participant.

The NQDC Plan is unfunded and unsecured, with participants considered general creditors of the company.

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Health and Welfare Benefits All of our full-time employees, including our named executive officers, are eligible to participate in our health and welfare plans, including:

| • |     | medical, dental and vision benefits; |

| • |     | medical and dependent care flexible spending accounts; |

| • |     | short-term and long-term disability insurance; and |

| • |     | life insurance. |

We believe the benefits described above are necessary and appropriate to provide a competitive compensation package to our named executive officers. Severance and Other Benefits Payable Upon Termination of Employment or Change in Control In December 2024, we adopted the Primo Brands Corporation Severance and Non-CompetitionPlan (the “Severance Plan”) in which each of our named executive officers participate. We believe that providing severance benefits in the event of an involuntary termination of employment is appropriate to provide a competitive compensation package and to attract and retain our named executive officers. For more detail, please see “Potential Payments Upon Termination or Change of Control—Severance Plan” beginning on page 155 of this registration statement. Treatment of Equity Awards Upon Termination or Change of Control The Legacy Equity Plans and the Primo Brands Equity Plan contain “double trigger” provisions in connection with a change of control of Primo Water or Primo Brands, as applicable, thus protecting participants in the event of certain qualifying terminations of employment. These terms provide for the acceleration of equity awards in limited circumstances, namely, when the awards (1) are not continued, assumed, or replaced by the surviving or successor entity or (2) are so assumed, but where a named executive officer or employee is involuntarily terminated for reasons other than Cause, or, under the Legacy Equity Plans, terminates his or her employment for Good Reason (as such capitalized terms are defined in the respective Equity Plan, as applicable), within two years after the change of control or,