Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 201

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 201
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 of the date of this registration statement. Company Performance Targets applicable to BlueTriton with respect to fiscal 2024 In 2024, Mr. Austin and Ms. Kim participated in BlueTriton’s annual cash incentive bonus program with a target bonus award of 150% of annual base salary with respect to Mr. Austin and 50% for Ms. Kim. Mr. Austin and Ms. Kim’s annual bonus payments for 2024 will be paid out based on achievement of metrics in two categories: (i) company business target achievement and (ii) individual performance rating. These components and the associated weighting were determined by the compensation committee of the BlueTriton Board. Funding for the corporate component applicable to Mr. Austin and Ms. Kim is based on achievement of four metrics (i) Retail EBITDA, (ii) ReadyRefresh EBITDA, (iii) Total Company Working Capital and (iv) ESG objectives. EBITDA for each segment is calculated in the same manner as Adjusted EBITDA described in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations of BlueTriton—Non-GAAPFinancial Measures” on pages 57 to 60 of this Registration Statement at the applicable segment level. Total Company Working Capital is calculated as a percentage equal to (A) accounts receivables, plus inventory, less accounts payable (in each case, based on the average thereof for each of the four months ending on December 31, 2024) divided by (B) annualized net sales (based on the net sales for the fourth quarter of the fiscal year ending December 31, 2024). 140

Based on the foregoing, the aggregate BlueTriton business metric payout for Mr. Austin is set forth below, including the relative weighting of each metric:

| BlueTriton Business Metric                                 |     | Actual Payout 
 (as a % of    
 Target)       |
| Actual Aggregate Company Business Metric Payout Percentage |     |               |

BlueTriton’s individual performance metrics are based on multiple competencies and criteria for which an individual performance rating score is assigned for the fiscal year. For fiscal year 2024, the relevant competencies and criteria and performance levels for Mr. Austin are set forth below:

| BlueTriton Individual Performance Metrics |     | Achievement Level                        
 (out of five)                            |     | Actual Payout 
 (as a % of    
 Target)       |
| Individual Goals:                         |     | Individual