Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 78

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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) per share if their effect is antidilutive.The rights of the holders of our Class A common stock and Class B common stock are identical, except with respect to voting, and the classes otherwise share equally in dividends and residual net assets on a per share basis. Accordingly, the net income (loss) per common share amounts are the same for Class A common stock and Class B common stock because the holders of each class are entitled to equal per-share dividends or distributions in liquidation in accordance with the Company's Certificate.For comparative purposes, the weighted-average shares outstanding of BlueTriton have been adjusted by an implied conversion ratio of 212.2-to-1 for the three and nine months ended September 30, 2024 to reflect the effects of the 

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Table of Contents

Transaction. Reconciliations of the numerators and denominators of basic and diluted net income (loss) per common share for the periods presented are as follows:Three Months Ended September 30,Nine Months Ended September 30,(Shares in thousands)2025202420252024Weighted-average common stock outstanding - basic372,318 218,618 375,429 218,618 Effects of dilutive securities:Stock options373 — 474 — Performance-based RSUs— — — — Time-based RSUs1,338 — 1,402 — ESPP26 — 9 — Weighted-average common stock outstanding - diluted374,055 218,618 377,314 218,618 The following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been antidilutive:Three Months Ended September 30,Nine Months Ended September 30,(Shares in thousands)2025202420252024Stock options— — — — Performance-based RSUs 1— — — — Time-based RSUs68 — 68 — ESPP— — — — ____________________1     Performance-based RSUs represent the number of shares expected to be issued based on the estimated achievement of the performance metric for these awards.

NOTE 17—COMMITMENTS AND CONTINGENCIES

The Company may be party to a variety of litigation, claims, legal or regulatory proceedings, inquiries, and investigations including but not limited to matters arising out of the ordinary course of business, including those related to advertising, marketing or