Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 81

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 81
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, all unvested restricted share units will become fully vested in the case of a grantee’s termination without Cause or resignation with Good Reason within two years of the closing of the Transaction. In the case of a grantee’s termination without Cause or resignation with Good Reason under the Primo Brands Equity Plan, the number of restricted share units to be deemed earned by a grantee is equal to the pro rata number of restricted share units that he or she would have earned on the vesting date had he or she been continuously employed through such vesting date, as calculated by reference to the portion of the applicable restriction period or performance period during which the grantee was actually employed. Assuming the employment of our named executive officers who were employed by us as of December 31, 2024 had been terminated on December 31, 2024 by Primo Brands without Cause or by the named executive officers for Good Reason, they would have been entitled to the following:

| Equity Plans      |     | Equity 
 Awards 
 ($)(1) |            |
| Robbert Rietbroek |     |        | 16,869,243 |
| David Hass        |     |        |  6,060,666 |
| Robert Austin     |     |        |      7,024 |
| Marni Morgan Poe  |     |        |  4,742,039 |
| Hih Song Kim      |     |        |      9,090 |

Notes:

| (1) | Includes the value, based on the closing price of our common shares on the NYSE as of December 31, 2024                                                                                                                                             
 ($30.77), the last business day of our 2024 fiscal year, of common shares issuable pursuant to: (i) time-based restricted share units granted to Primo Water executives in December 2022 and 2023 under the Legacy 2018 Plan that had not vested as 
 of December 31, 2024, (ii) time-based restricted share units granted in January 2023 and 2024 to Messrs. Hass and Rietbroek, respectively, under the Legacy 2018 Plan that had not vested as of December 31, 2024, (iii) time-based restricted      
 share units granted to our named executive officers in December 2024 under the Primo Brands Equity Plan, (iv) performance-based restricted share units granted in December 2022 and 2023 under the Legacy 2018 Plan that