Company: PRMB
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001628280-25-049955
Chunk: 41

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 424B3
Chunk 41
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. The simulation period is equal to the performance periods associated with the performance shares. Volatility is based on the Company's historical share price data. Beginning TSR price is equal to the average closing price for the 20 trading days from December 3, 2024 to December 31, 2024.

During the nine months ended September 30, 2025, the Company granted 60,939 shares of Class A common stock with an aggregate grant date fair value of approximately $2.0 million to the non-management members of its Board of Directors under the Primo Brands Corporation Equity Incentive Plan. The shares of Class A common stock were issued in consideration of the directors’ fees and were fully vested upon issuance or deferral.

#### NOTE 11—REVENUE RECOGNITION

#### Disaggregation of Revenue
The Company's primary geographic market is North America with sales in the United States accounting for 98.4% and 98.4% of consolidated net sales for the three and nine months ended September 30, 2025, respectively, and 97.3% and 97.3% of consolidated net sales for the three and nine months ended September 30, 2024, respectively.

Disaggregation of net sales by water type for the periods presented is as follows:

| ($ in millions)       |     | 2025 | Three Months Ended September 30, |     | 2024 |         |     | 2025 | Nine Months Ended September 30, |     | 2024 |         |
|:----------------------|:----|:-----|---------------------------------:|:----|:-----|--------:|:----|:-----|--------------------------------:|:----|:-----|--------:|
| Regional spring water |     | $    |                            885.6 |     | $    |   848.9 |     | $    |                         2,554.8 |     | $    | 2,465.6 |
| Purified water        |     |      |                            557.5 |     |      |   330.9 |     |      |                         1,617.5 |     |      |   935.4 |
| Premium water         |     |      |                             98.2 |     |      |    18.5 |     |      |                           259.6 |     |      |    50.6 |
| Other water           |