Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 198

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 198
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| Health and welfare benefits                                                                          |     | Attract and retain key talent by providing a competitive benefits package.                                                                                                                                                       |
| Severance and other benefits potentially payable upon termination of employment or change in control |     | Create clarity around termination or change of control events and provide for retention of executives.                                                                                                                           |

For 2024, Primo Water, BlueTriton and Primo Brands did not, and Primo Brands currently does not, have formal policies relating to the allocation of total compensation among the various elements of its compensation program. Base Salary Primo Water and BlueTriton historically provided and Primo Brands provides named executive officers and other employees with base salary, paid over the course of the year, to compensate them for services rendered during the fiscal year. Base salary is determined by an annual assessment of a number of factors, including position and responsibilities, experience, individual job performance relative to responsibilities, impact on development and achievement of our business strategy. The following table sets forth the 2024 base salary for each named executive officer:

| Name              |     | 2024 Base 
 Salary    |         |
|:------------------|:----|:----------|--------:|
| Robbert Rietbroek |     | $         | 750,000 |
| David Hass        |     | $         | 550,000 |
| Robert Austin     |     | $         | 800,000 |
| Marni Morgan Poe  |     | $         | 515,000 |
| Hih Song Kim      |     | $         | 411,000 |

138

Cash Bonuses

With respect
to 2024, our named executive officers will receive cash performance bonuses pursuant to the terms of the applicable legacy annual bonus plan, which, for Messrs. Rietbroek and Hass and Ms. Poe, relate to the legacy Primo Water annual bonus plan,
and for Mr. Austin and Ms. Kim, relate to the legacy BlueTriton annual bonus plan.

Going forward and depending on our financial
and operating performance, the Compensation Committee may approve performance-based bonuses. Eligibility for go-forward performance bonuses is set forth in a named
executive officer’s employment offer letter. However, “target” bonus opportunities are expected to be established by the Compensation Committee and are generally expected to be based on market competitiveness, the expected impact of
the executive’s role within Primo Brands, and the executive’s expected long-term contributions. The annual performance goals will be reviewed and approved