Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 54

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 54
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 strategic objectives and include matters such as

| 56 |

| EXECUTIVE COMPENSATION |

leadership development and transition, the introduction of new products and technology initiatives, strategic projects and human capital management. Payout of Performance Stock Units Payouts for the 2022-2024 PSU cycle were based on actual average ROAE compared to revised targeted average ROAE as well as actual average annual EPS growth compared to revised targeted average annual EPS growth during that three-year period. The performance achieved against the threshold, target and maximum payouts for the 2022-2024 PSU cycle, and the resulting percentage earned by our executive officers, are set forth below.

|                                       |     | Threshold     |     | Target         |     | Maximum        |     | ACTUAL |
| Payout Factor                         |     | 50%           |     | 100%           |     | 150%           |     | 109.1% |
| ROAE Performance Range:               |     | 90% of Target |     | 100% of Target |     | 110% of Target |     |        |
| Average Operating ROAE from 2022-2024 |     | 24.0%         |     | 26.7%          |     | 29.4%          |     | 26.7%  |
| EPS Growth Performance Range:         |     | 70% of Target |     | 100% of Target |     | 130% of Target |     |        |
| Average Annual EPS Growth from        
 2022-2024                             |     | 7.7%          |     | 11.0%          |     | 14.3%          |     | 12.2%  |

The value of the PSU payouts reflects two factors: (i) the number of PSUs earned, which is based on the Company’s performance compared to the revised target average ROAE and revised target average annual EPS growth; and (ii) the value of each PSU earned, which is based on the closing price per share of our common stock at the end of the performance period. In addition, dividends on the PSU awards accrue from the grant date to the vesting date and are paid in a lump sum following the vesting date. The table below shows the PSU awards granted in 2022 and associated payouts to each executive in terms of both number of units and value (including dividends).

| Name               | Title                   | 202