Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 72

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 72
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 | 73 |

| EXECUTIVE COMPENSATION |

earned for fiscal 2024 by our named executive officers was approved by the Compensation Committee in February 2025 and paid in March 2025. These amounts are reflected in column (G) of the “Summary Compensation Table.” Estimated Future Payouts Under Equity Incentive Plan Awards (Columns F, G and H) These amounts reflect the PSUs that were granted in February 2024. Shares of our common stock underlying those awards will be delivered in March 2027 only if pre-established performance goals are satisfied over the three-year performance period of 2024 through 2026. The number of shares of our common stock ultimately delivered will range from 0% to 150% of the number of PSUs, depending on performance. All Other Stock Awards (Column I) This column represents time-based RSUs granted in February 2024 and, for Mr. Williams, in December 2024. The restrictions on the February RSUs lapse in equal installments on March 1 of each of the subsequent three years. The restrictions on the December RSUs lapse in full on December 13, 2027. Further, the restrictions on the RSUs lapse automatically upon the death of the grantee and upon his or her retirement so long as he or she is at least 55 years of age, his or her age plus years of service equals at least 75 and the recipient provides at least six months' notice and cooperation with the Company in connection with his or her planned retirement. Upon disability of the grantee, the RSU continues to vest for 12 months and, if the grantee remains on approved disability leave, then the unvested portion vests as of the first anniversary of the commencement of such disability leave. Holders of RSUs do not have the right to vote or dispose of their RSUs, but the awards do receive dividend equivalents. Grant Date Fair Value of Stock Awards (Column J) The grant date fair value of RSUs and PSUs in this table is equal to the number of time-based RSUs and performance-based PSUs awarded multiplied by the closing price per share of our common stock on the trading day immediately preceding the grant date.

| 74 |

| EXECUTIVE COMPENSATION |

Outstanding Equity Awards at Fiscal Year-End Table The following table sets forth information regarding equity awards outstanding as of December 31, 2024 based on the closing price per share of our common stock on that date of $271.