Company: PRMB
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001193125-25-049851
Chunk: 72

Company: Primo Brands Corp
Filing Date: 2025-03-07
Form: 424B3
Chunk 72
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 the last day of Primo Brands’ 2027 fiscal 
 year. The payout percentage of the performance-based restricted share units and the related unrecognized compensation cost is subject to change based on the level of relative TSR that is achieved during such period.                      |

46

| (3) | This amount represents time-based restricted share units granted on December 11, 2024, which vest in equal                                        
 installments on the first, second and third anniversaries of the grant date, subject to continued employment through the applicable vesting date. |

| (4) | This amount represents time-based restricted share units originally granted as a performance-based restricted                                                                                                                                       
 share unit award on January 1, 2024, which were converted to time-based restricted share units in connection with the closing of the Transaction and vest at the end of the original three-year performance period, subject to continued employment 
 through the vesting date. This award was granted in connection with Primo Water’s annual grant cycle; however, such award was not granted until Mr. Rietbroek’s employment commencement date with Primo Water.                                      |

| (5) | This amount represents time-based restricted share units granted on January 1, 2024, pursuant to an                                                                                                                              
 inducement award, which vests in two equal installments on the first and second anniversaries of the grant date. As described in “—Setting Executive Compensation and the Role of Executive Officers in Compensation Decisions,” 
 Mr. Rietbroek received this one-time inducement equity award as a replacement award for compensation lost at his former employer.                                                                                                |

| (6) | This amount represents time-based restricted share units granted on January 1, 2024, which vest in equal                                                                                                                                          
 installments on the first, second and third anniversaries of the grant date, subject to continued employment through the applicable vesting date. This award was granted in connection with Primo Water’s annual grant cycle; however, such award 
 was not granted until Mr. Rietbroek’s employment commencement date with Primo Water.                                                                                                                                                              |

| (7) | This amount represents stock options granted on May 4, 2020, which are fully vested. |

| (8) | This amount represents stock options granted on December 9, 2020, which are fully vested. |

| (9) | This amount represents time-based restricted share units originally granted as a performance-based restricted                                                                                                                                        
 share unit award on December 8, 202