Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 56

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 56
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 payment in accordance with Ms. Poe’s payment elections and the terms of the Primo Water NQDC Plan. Participants in the Primo Water NQDC Plan can elect to receive distributions upon separation from service, retirement, or as an in-service withdrawal. These distributions can be made in the form of a lump sum or annual installments over a period elected by the participant. For in-service withdrawals, participants must elect a specific date for distribution, which must be at least a specified number of years in the future, as outlined in the Primo Water NQDC Plan. In the event of a participant’s death, all account balances will be paid in a single lump sum. Additionally, participants may request hardship distributions in the event of an unforeseeable emergency, subject to the plan administrator’s approval. Participants may also request distributions in the event of a change in control if the participant incurs a separation from service within 12 months following the change in control with all account balances paid on the date of such separation from service and in a single lump sum, unless otherwise elected by the participant, subject to any six-month delay requirement imposed by Section 409A of the Code. Health and Welfare Benefits All of our full-time employees, including our named executive officers, are eligible to participate in our health and welfare plans, including:

| • |     | medical, dental and vision benefits; |

| • |     | medical and dependent care flexible spending accounts; |

| • |     | short-term and long-term disability insurance; and |

| • |     | life insurance. |

We believe the benefits described above are necessary and appropriate to provide a competitive compensation package to our named executive officers. Severance and Other Benefits Payable Upon Termination of Employment or Change in Control In December 2024, we adopted the Primo Brands Corporation Severance and Non-CompetitionPlan (the “Severance Plan”) in which each of our named executive officers participate. We believe that providing 36

severance benefits in the event of an involuntary termination of employment is appropriate to provide a competitive compensation package and to attract and retain our named executive officers.

For more detail, please see “Potential Payments Upon Termination or Change of Control—Severance Plan” beginning on
page 53 of this registration statement.

Treatment of Equity Awards Upon Termination or Change of Control

The Legacy Equity Plans and the Primo Brands Equity Plan contain “double trigger” provisions in connection with a change of control
of Primo Water or Primo Brands,