Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 40

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 40
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 at least bi-annually as part of its process of evaluating and setting compensation for non-employee directors. See “Executive Compensation – Compensation Discussion and Analysis (CD&A) – the Compensation Setting Process – Compensation Consultant” for a discussion of the role of the Compensation Committee’s compensation consultant and its evaluation of potential conflicts of interest. The Compensation Committee does not seek to benchmark or set compensation at any specific level relative to the peer data. Instead, the Compensation Committee uses this information primarily as background with respect to compensation plan design decisions and as a general reference point for pay levels. For a list of the peer companies and a description of how they were selected, see “Executive Compensation – Compensation Discussion and Analysis (CD&A) – Fiscal 2024 Executive Compensation – The Compensation Setting Process – Use of a Peer Group.” Our Board reviews the Compensation Committee’s recommendations and determines the amount of director compensation annually. Executive officers have no role in determining or recommending director compensation. Our Board has determined that compensation for non-employee directors should be a mix of cash and equity-based compensation, with a higher portion of compensation in the form of equity. This ensures that the interests of our non-employee directors are aligned with the interests of our stockholders. In addition, non-employee directors are subject to stock ownership guidelines. See “– Director Stock Ownership Guidelines.” Directors who are employees of Primerica do not receive any fees or additional compensation for their service on our Board. The Board approved the following compensation program for non-employee directors for fiscal 2024:

| Board/Committee      |     | 2024 Non-Employee Director Compensation (1) |   |         |     |                        |   |         |
|:---------------------|:----|:--------------------------------------------|:--|--------:|:----|:-----------------------|:--|--------:|
| Board                |     | Annual Cash Retainer                        | $ | 100,000 |     | Annual RSU Award (2)   | $ | 150,000 |
| Audit                |     | Annual Chair Cash Fee                       | $ |  30,000 |     | Annual Member Cash Fee | $ |  15,000 |
| Compensation         |     | Annual Chair Cash Fee                       | $ |  20,000 |     | Annual Member Cash Fee | $ |  10,000 |
| Corporate Governance |     | Annual Chair Cash Fee                       | $ |  20,000 |     | Annual Member Cash Fee | $ |  10