Company: PRMB
Filing Date: 2025-02-27
Form Type: S-1/A
Source: 0001193125-25-039341
Chunk: 75

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: S-1/A
Chunk 75
---
 May 1, 2023, and 16 2/3% vest on each of the third, fourth, and fifth anniversaries of May 1, 2023 with accelerated vesting of all such Class B units upon an Exit Transaction, 
 subject to Mr. Austin’s continued service with the Company through the applicable vesting dates. The remaining unvested Class B units subject to performance-based vesting for Mr. Austin will vest based on achievement of a     
 multiple on invested capital returned to significant investors in TWP Holdings, subject to the Mr. Austin’s continued service with the Company through the applicable vesting date.                                               |

| (19) | Mr. Austin was granted 3,000 Class B units on October 3, 2024 with a vesting commencement date                                                                                                                              
 of June 17, 2024, consisting of 3,000 Class B units subject to time-based vesting. 25% of the Class B units will vest on each of the first four anniversaries of June 17, 2024 with accelerated vesting of all such Class B 
 units upon an Exit Transaction, subject to Mr. Austin’s continued service with the Company through the applicable vesting dates.                                                                                            |

| (20) | This amount represents stock options granted on February 25, 2015, which are fully vested. |

| (21) | This amount represents stock options granted on February 19, 2016, which are fully vested. |

| (22) | This amount represents stock options granted on August 11, 2016, which are fully vested. |

| (23) | This amount represents stock options granted on December 6, 2016, which are fully vested. |

| (24) | This amount represents stock options granted on December 7, 2017, which are fully vested. |

| (25) | This amount represents stock options granted on December 11, 2018, which are fully vested. |

| (26) | This amount represents stock options granted on December 11, 2019, which are fully vested. |

| (27) | Ms. Kim was granted 1,000 Class B units on August 27, 2021 with a vesting commencement date of                                                                                                                                   
 July 19, 2021, consisting of 500 Class B units subject to time-based vesting and 500 Class B units subject to performance-based vesting. 50% of the Class B