Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 51

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 51
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 Amended and Restated Severance and Non-CompetitionPlan, which is substantially similar to the definition of “Cause” in the Primo Brands Corporation Severance and Non-CompetitionPlan, further detail in “ —Severance Plan” below) or Mr. Rietbroek resigned for any reason prior to January 1, 2025, the 12-monthanniversary of the commencement of his employment, Mr. Rietbroek would have been required to pay a pro-ratedportion of the sign-onbonus no later than 90 days following the termination of employment. In connection with their outsized efforts during the pendency of the Transaction, Mr. Hass and Ms. Poe were each paid a one-timecash bonus of $300,000, which was paid on November 22, 2024, and Mr. Austin was paid a one-timecash bonus of $800,000, which was paid on December 6, 2024. Mr. Austin previously participated in a predecessor retirement plan and, in connection with transition of BlueTriton participants out of such plan on January 1, 2020, he became eligible for an annual “transition” bonus for the five-year period commencing on January 1, 2020. The annual transition bonus is equal to 2.25% of his base salary as of year-endand his annual transition bonus in respect of 2024 to be paid in a lump sum in April 2025 will be $18,000. Long-TermIncentive Plans Prior to the Transaction, legacy Primo Water employees, including Messrs. Rietbroek and Hass and Ms. Poe, were eligible to participate in the Legacy Equity Plans. Award sizes to Primo Water employees were generally determined based on benchmarking against the Primo Water peer group (as described above) and the industry in general, among other factors, including, with respect to Mr. Rietbroek in fiscal 2024, the value of awards that he forfeited from his former employer. The Legacy Equity Plans provided the compensation committee and management of Primo Water with the flexibility to design compensatory awards responsive to Primo Water’s needs. Awards under the Legacy Equity Plans generally consisted of stock options and time- and performance-vesting restricted share units. Prior to the Transaction, certain legacy BlueTriton employees, including Mr. Austin and Ms. Kim, were granted BlueTriton Profits Interests in a parent entity of BlueTriton. Award