Company: PRMB
Filing Date: 2025-02-27
Form Type: S-1/A
Source: 0001193125-25-039341
Chunk: 50

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: S-1/A
Chunk 50
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 outperform performance targets established by the compensation committee of Primo Water in December 2023 for the 2024 corporate bonus pool in which each of our named executive officers other than Mr. Austin and Ms. Kim participated. Primo Water 2024 Performance Bonus Program Targets applicable to named executive officers ($ in millions)

|              |     | Corporate Pool     
 (enterprise level) 
 Bonus-Adjusted     
 EBITDA             
 50%                |       |     | Bonus-Adjusted 
 Operating Free 
 Cash Flow      
 25%            |       |     | Bonus-Adjusted 
 Revenue        
 25%            |         |
|:-------------|:----|:-------------------|------:|:----|:---------------|------:|:----|:---------------|--------:|
| “Threshold”  |     | $                  | 375.0 |     | $              | 144.5 |     | $              | 1,779.0 |
| “Target”     |     | $                  | 412.9 |     | $              | 170.0 |     | $              | 1,872.6 |
| “Outperform” |     | $                  | 474.8 |     | $              | 195.5 |     | $              | 2,003.7 |
| Actual       |     | $                  | 435.6 |     | $              | 201.6 |     | $              | 1,894.8 |

These metrics are interpolated on a straight-linebasis between the “threshold,” “target” and “outperform” performance levels, resulting in a payout percentage for each metric. The relative weighting for each metric as set forth in the chart below is applied to the payout percentages, and the results are aggregated, resulting in a bonus payout as a percentage of the target award. This percentage is then applied to the target bonus amount to determine the amount of a named executive officer’s bonus. 29

The following chart sets forth the calculation of the bonus payouts as a percentage of 2024 target bonus award opportunities for each of the named executive officers other than Mr. Austin and Ms. Kim. Primo Water 2024 Performance Bonus Program Calculation of bonus payout as a percent target award

|                                |     | Corporate Pool     
 (enterprise level) |        |   |     |                |       |   |     |                |       |   |
|                                |     | Bonus-Adjusted     
 EBITDA             
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