Company: PRMB
Filing Date: 2025-02-27
Form Type: S-1/A
Source: 0001193125-25-039341
Chunk: 66

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: S-1/A
Chunk 66
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, and as such, they are properly classified as “options” under the definition provided in Item 402(a)(6)(i) of Regulation S-K                              
 under the 1933 Securities Act as an instrument with an “option-like feature.”                                                                                                                                                       |

| (8) | Unless otherwise noted, the “Grant Date Fair Value of Stock and Option Awards” column shows the full                                                                                                                                                      
 grant date fair values of the performance and time-based restricted share units granted in fiscal 2024. The grant date fair values of the awards are determined under ASC 718 and represent the amounts we would expense in our financial statements over 
 the vesting schedule for the awards. In accordance with SEC rules, the amounts in this column reflect the actual ASC 718 accounting cost without reduction for estimates of forfeitures related to service based vesting conditions. The amounts reflect  
 our accounting for these grants and do not correspond to the actual values that may be realized by the named executive officers.                                                                                                                          |

| (9) | Represents the incremental fair value of Mr. Rietbroek, Mr. Hass and Ms. Poe’s awards due                                                                                                                        
 to modifications as a result of the conversion of outstanding Primo Water time- and performance-based restricted share units awards into Primo Brands time-based restricted share units granted under the Legacy 
 2018 Plan, computed as of the modification date in accordance with ASC Topic 718.                                                                                                                                |

| (10) | All amounts shown are calculated in accordance with ASC Topic 718. The following assumptions were used in the                                  
 calculation of these amounts for the BlueTriton Profits Interests: volatility of 40.17%, risk free rate of 5.13%, and dividend yield of 0.00%. |

Narrative to Summary Compensation Table and Grants of Plan-Based Awards Table Named Executive Officer Offer Letters On December 11, 2024, the Company entered into an offer letter agreement (each, an “Offer Letter”) with each of Robbert Rietbroek, the Company’s Chief Executive Officer; David Hass, the Company’s Chief Financial 42

Officer; Robert Austin, the Company’s Chief Operating Officer; Marni Morgan Poe, the Company’s General Counsel & Corporate Secretary; and Hih Song Kim, the Company’s Chief
Administrative Officer & Assistant Corporate Secretary. Under these Offer Letters, these executives receive annual base salaries, which may be adjusted from time to time. Each of these Offer Letters provide for eligibility to earn bonuses
based upon the achievement of agreed