Company: PRMB
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001193125-25-049851
Chunk: 62

Company: Primo Brands Corp
Filing Date: 2025-03-07
Form: 424B3
Chunk 62
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        |  1,816,645 |     |        |           |    |     |                |   453,211 |     |              |  88,592 | -11 |     |       |  2,765,192 |

Notes:

| (1) | Mr. Rietbroek was awarded a $882,500 sign-on bonus, which was                                                                                                                                                                                                                                                                                    
 awarded, in part to compensate him for a bonus award forfeited with his prior employer. Such bonus was paid on January 19, 2024, and was subject to repayment based on the pro rata portion of days of employment through the one-year anniversary of Mr. Rietbroek’s start date, as described in further detail in “—Other Cash Bonuses” above. |

| (2) | Amount represents a one-time discretionary cash bonus paid in                          
 connection with Mr. Hass and Ms. Poe’s efforts during the pendency of the Transaction. |

| (3) | Amount represents (a) an annual “transition” bonus of $18,000 in respect of 2024, which will be                                                           
 paid in April 2025, and (b) a one-time cash bonus of $800,000 in connection with the consummation of the Transaction, which was paid on December 6, 2024. |

| (4) | Amounts reflect the grant date fair value of time-and performance-based                                                                  
 restricted share units granted during 2024 computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the |

39

| named executive officer. Since Mr. Rietbroek’s employment with Primo Water commenced on January 1, 2024, after the conclusion of the annual grant cycle with respect to the fiscal                                                           
 2024 performance year, Mr. Rietbroek’s fiscal 2024 awards were granted upon his employment commencement date, such that both the fiscal 2024 and fiscal 2025 awards were issued during fiscal 2024. If the awards associated with the fiscal 
 2024 grant cycle were excluded, the aggregate grant date fair value would be $9,578,789. Additionally, amounts reported for Mr. Rietbroek, Mr. Hass and Ms. Poe reflect adjustments to awards granted prior to the Transaction, with such    
 adjustments for modifications as a result of the conversion of outstanding Primo Water time-and performance-based restricted share units awards into Primo Brands time-based restricted share units granted under