# EDGAR Filing Document

**Accession Number:** 0001475922
**File Stem:** 0001193125-26-139047
**Filing Date:** 2026-4
**Character Count:** 368179
**Document Hash:** 1d8a4b25a8290464ec5f94871f05d3ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-139047.hdr.sgml**: 20260402

**ACCESSION NUMBER**: 0001193125-26-139047

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 163

**CONFORMED PERIOD OF REPORT**: 20260521

**FILED AS OF DATE**: 20260402

**DATE AS OF CHANGE**: 20260402

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Primerica, Inc.
- **CENTRAL INDEX KEY:** 0001475922
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 271204330
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34680
- **FILM NUMBER:** 26830741

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PRIMERICA PARKWAY
- **CITY:** DULUTH
- **STATE:** GA
- **ZIP:** 30099
- **BUSINESS PHONE:** 7703811000

**MAIL ADDRESS:**
- **STREET 1:** 1 PRIMERICA PARKWAY
- **CITY:** DULUTH
- **STATE:** GA
- **ZIP:** 30099

?xml version='1.0' encoding='ASCII'? DEF 14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.)

Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement 

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) 

☒ Definitive Proxy Statement 

☐ Definitive Additional Materials 

☐ Soliciting Material Pursuant to §240.14a-12 

PRIMERICA, INC.

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required. 

☐ Fee paid previously with preliminary materials. 

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. 

------

![img156862050_0.jpg](img156862050_0.jpg)

April 2, 2026

To Our Fellow Stockholders:

Our purpose is to create financially independent families. We remain committed to serving middle-income households throughout the United States and Canada and have created a culture that aligns the needs of our stockholders, clients, the independent sales force and our employees. During 2025, our Board of Directors (our "Board") continued to guide and oversee management in the creation of long-term stockholder value through effective and sustainable business strategies, performance-aligned compensation programs, a commitment to corporate ethics, valuing human capital and strong governance practices. We strongly encourage you to review the entire accompanying Proxy Statement, which provides an overview of the priorities of our Board and senior management.

Continued Alignment of Compensation and Performance

Our compensation philosophy includes a strong commitment to provide incentive programs that link executive pay to Company performance. The Compensation Committee of our Board reviews our executive compensation program with independent experts as part of its ongoing effort to appropriately align compensation with performance. As part of this effort, the Compensation Committee is focused on ensuring that our key executives are incentivized to execute on the strategic priorities of our Company. Please read a message from the Compensation Committee beginning on page 45 of the accompanying Proxy Statement.

Despite a challenging economic environment for our middle-income clients, the Company's financial performance was solid in fiscal 2025. Although our total stockholder return ("TSR") (which includes the payment and reinvestment of dividends) for fiscal 2025 was -3.3%, TSR was 107.1% for the five-year period from fiscal 2021 through fiscal 2025. Please read a message from Glenn J. Williams, our Chief Executive Officer, in our 2025 Annual Report to Stockholders that accompanies the Proxy Statement.

Community Impact

For nearly 50 years, our core business has been enabling access to financial information, products and services for traditionally underserved markets throughout the United States and Canada. By leveraging the independent sales force and our employees, we

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help middle-income families make informed financial decisions and provide them with a strategy and means to gain financial independence. The diversity of the independent sales force reflects the communities in which they live and work, and their recruitment of new sales representatives creates a cycle that enhances our impact on underrepresented markets. The products we provide – primarily term life insurance and a range of investment and savings products – help meet critical needs and put families on the path toward financial security. When families are empowered to make informed financial decisions, their households and the communities around them are positively impacted. Primerica's continued commitment to middle-income families was recognized as we were recently named one of America's Best Financial Services 2026 by TIME Magazine. For more information on the social impact of our business, see our 2025 Corporate Sustainability Report, which can be found in the Sustainability section of our investor relations website at *https:*//*investors.primerica.com*.

Cultivating a Strong Corporate Culture

Integrity and accountability are at the foundation of our culture, which contributes to Primerica's long-term success. Senior management defines and shapes Primerica's corporate culture and sets the expectations and tone for a work environment founded on integrity and a commitment to doing the right thing. As such, the Company is dedicated to promoting a workplace that features open lines of communication and attracts and develops talented employees, with a focus on ensuring that our employee workforce reflects the diversity of the independent sales representatives and our clients. Our Board shares this commitment and provides valuable oversight for the Company's overall culture. Further, our Board collaborates with management to establish and communicate an ethical tone at the top, which guides employee and sales force conduct and helps protect Primerica's reputation.

Valuing Human Capital

Our people are essential to our ability to deliver value to our stockholders. Employees remain highly satisfied with Primerica. In 2026, Forbes again named us as one of America's Best Midsize Employers and, for the first time, as one of Canada's Best Employers. In 2025, we were again recognized by USA Today as a Top Workplaces USA and named a regional Top Workplaces by the Atlanta-Journal Constitution for the twelfth consecutive year. Also in 2025, Newsweek again named us as one of America's Greatest Workplaces.

The variety of experiences, backgrounds and ideas of our employees enables us to develop solutions that address the financial needs of our customers. We strive to build an inclusive culture where people feel accepted, their ideas are welcomed, and they can make a positive impact on our business and the communities we serve. As a result of such efforts, Newsweek again recognized us in 2026 as one of America's Greatest

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Workplaces for Culture, Belonging and Community. You can learn more about the Company's human capital management efforts beginning on page 18 of the accompanying Proxy Statement.

Leading Corporate Governance Practices

We are committed to strong governance practices, which we believe are important to our stockholders and protect the long-term vitality of Primerica. Our accountability to you is illustrated in many of the governance practices that are described in the accompanying Proxy Statement.

We strongly encourage all of our stockholders to vote promptly.

On behalf of our Board of Directors and management, we want to thank you for your continued support of, and confidence in, our Company.

Sincerely,

---

| | |
|:---|:---|
| ![img156862050_1.jpg](img156862050_1.jpg) | ![img156862050_2.jpg](img156862050_2.jpg) |
| D. Richard Williams | Gary L. Crittenden |
| *Non-Executive Chairman of the Board* | *Lead Director* |

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Notice of 2026 Annual Meeting of Stockholders

![img156862050_3.jpg](img156862050_3.jpg)

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| | |
|:---|:---|
| **Date and Time**  | May 21, 2026, at 8:30 a.m., local time (the "Annual Meeting") |
| **Place**  | The Primerica Home Office located at 1 Primerica Parkway, Duluth, Georgia 30099  |
| **Items of Business**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•To elect the nine directors nominated by our Board of Directors and named in the accompanying Proxy Statement (Proposal 1); <br>•To consider an advisory vote on executive compensation (Say-on-Pay) (Proposal 2); <br>•To ratify the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2026 (Proposal 3); and<br>•To transact such other business as may properly come before the Annual Meeting and any adjournments thereof. |
| **Record Date**  | March 23, 2026. Only stockholders of record at the close of business on the record date are entitled to receive notice of, and to vote at, the Annual Meeting.  |
| **Proxy Voting**  | Please vote your shares at your earliest convenience. This will ensure the presence of a quorum at the Annual Meeting. Promptly voting your shares will save the expense and burden of additional solicitation.  |
| **E-Proxy Process**  | We are taking advantage of Securities and Exchange Commission rules allowing companies to furnish proxy materials to stockholders over the Internet. We believe that this "e-proxy" process expedites your receipt of proxy materials, while also lowering the costs and reducing the environmental impact of the Annual Meeting. <br>On or about April 2, 2026, we will mail a Notice of Internet Availability of Proxy Materials to holders of our common stock as of March 23, 2026, other than those holders who previously requested electronic or paper delivery of communications from us. Please refer to the Notice of Internet Availability of Proxy Materials, proxy materials e-mail or proxy card you received for information on how to vote your shares and to ensure that your shares will be represented and voted at the Annual Meeting even if you cannot attend.  |
| **Live Meeting Webcast** | We expect to make available a live webcast of the Annual Meeting at our investor relations website at *https:*//*investors.primerica.com .* |
| **Possible Meeting by Remote Communication** | In the event it is not possible or advisable to hold our Annual Meeting in person, we will announce alternative arrangements for the meeting as promptly as practicable, which may include holding the meeting solely by means of remote communication. Please monitor our investor relations website at *https:*//*investors.primerica.com* for updated information*.*  |

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**Important Notice Regarding the Availability of Proxy Materials for the 2026 Annual Meeting of Stockholders to be Held on May 21, 2026.** The Proxy Statement and the 2025 Annual Report to Stockholders are available free of charge at *www.proxyvote.com*.<br>

By Order of Our Board of Directors,

![img156862050_4.jpg](img156862050_4.jpg)

Stacey k. Geer

*Executive Vice President, Chief Governance* 

*and Risk Officer and Corporate Secretary* 

Duluth, Georgia

April 2, 2026

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**Table of Contents**

![img156862050_5.jpg](img156862050_5.jpg)

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| | |
|:---|:---|
| [PROXY SUMMARY](#proxy_summary) | 2 |
| [MATTERS TO BE VOTED ON](#matters_to_be_voted_on) | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[**Proposal 1:** Election of Directors](#election_of_directors) | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[**Proposal 2:** Advisory Vote on Executive Compensation (Say-on-Pay)](#advisory_vote_on_executive) | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[**Proposal 3:** Ratification of the Appointment of KPMG LLP as Our Independent Registered Public Accounting Firm](#ratification_of_the_appointment) | 11 |
| [GOVERNANCE](#governance) | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board Structure](#board_structure) | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board Diversity](#board_diversity) | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board Evaluation Process](#board_evaluation_process) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board's and Management's Roles in Risk Oversight](#boards_and_managements) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Stockholder Engagement](#stockholder_engagement) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Sustainability Matters](#sustainability_matters) | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Director Independence](#director_independence) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Director Nomination Process](#director_nomination_process) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Director Orientation and Continuing Education](#director_orientation_and_continuing_edu) | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Proxy Access](#proxy_access) | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Majority Voting Standard for Director Elections](#majority_voting_standard) | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Communicating with our Board of Directors](#communicating_with_our) | 28 |
| [BOARD OF DIRECTORS](#board_of_directors) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board Members](#board_members) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Director Qualifications](#director_qualifications) | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board Meetings](#board_meetings) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Director Service on Other Public Boards (Overboarding Policy)](#director_service_on_other_public) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Board Committees](#board_committees) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Director Compensation](#director_compensation) | 41 |
| [EXECUTIVE COMPENSATION](#executive_compensation) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Compensation Committee Message](#compensation_committee_message) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Compensation Discussion and Analysis (CD&A)](#compensation_discussion_and_analysis) | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Compensation Committee Interlocks and Insider Participation](#compensation_committee_interlocks) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Compensation Committee Report](#compensation_committee_report) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Compensation Tables](#compensation_tables) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Potential Payments and Other Benefits Upon Termination or Change of Control](#potential_payments_and_other_benefits) | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Pay Versus Performance (PVP)](#pay_versus_performance) | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Pay Ratio](#pay_ratio) | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Employee, Officer and Director Hedging](#employee_officer_and_director) | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Employment Agreements](#employment_agreements) | 83 |
| [AUDIT MATTERS](#audit_matters) | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Audit Committee Report](#audit_committee_report) | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Fees and Services of KPMG](#fees_and_services_of_kpmg) | 88 |
| [STOCK OWNERSHIP](#stock_ownership) | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Directors and Executive Officers](#directors_and_executive_officers) | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Principal Stockholders](#principal_stockholders) | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Delinquent Section16 (a) Reports](#delinquent_section_16) | 93 |
| [RELATED PARTY TRANSACTIONS](#related_party_transactions) | 94 |
| [INFORMATION ABOUT VOTING AND THE ANNUAL MEETING](#information_about_voting) | 94 |
| [OTHER STOCKHOLDER INFORMATION](#other_stockholder_information) | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Other Information](#other_information) | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Proposals Pursuant to Rule 14a-8](#proposals_pursuant_to_rule) | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Proxy Access Director Nominees](#proxy_access_director_nominees) | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Proxy Solicitation Pursuant to Rule 14a-9](#proxy_solicitation_pursuant_to_rule) | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Other Proposals and Director Nominees](#other_proposals_and_director_nominees) | 101 |
| [Exhibit A – RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES](#exhibit_a) | A-1 |
| [Location for the 2026 Annual Meeting of Stockholders](#location_for_the_2025_annual) | Back Cover |

---

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Proxy Summary

![img156862050_6.jpg](img156862050_6.jpg)

This summary highlights selected information about Primerica, Inc. (the "Company", "Primerica" or "we") but it does not contain all of the information you should consider. We urge you to read the entire Proxy Statement before you vote. You may also wish to review Primerica's Annual Report on Form 10-K (the "2025 Annual Report") for the fiscal year ended December 31, 2025 ("fiscal 2025"), which is available on our investor relations website at *https:*//*investors.primerica.com*.

This Proxy Statement will be made available to stockholders on or about April 2, 2026.

Meeting Agenda and Voting Recommendations

*See "Matters To Be Voted On" beginning on page 8 for more information.* 

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| | |
|:---|:---|
| **Proposal** | &nbsp;&nbsp;&nbsp;**Vote Recommendation** |
| &nbsp;&nbsp;&nbsp;&nbsp;1.Election of directors | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"FOR" each director nominee |
| &nbsp;&nbsp;&nbsp;&nbsp;2.Advisory vote on executive compensation (Say-on-Pay) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"FOR" |
| &nbsp;&nbsp;&nbsp;&nbsp;3.Ratification of the appointment of our independent registered public accounting firm  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"FOR" |

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2026 Annual Meeting of Stockholders

You are entitled to vote at the Company's Annual Meeting of Stockholders to be held on May 21, 2026 and any adjournment or postponement thereof (the "Annual Meeting") if you were a holder of record of our common stock at the close of business on March 23, 2026. Please see page 94 for instructions on how to vote your shares and other important information.

Financial Accomplishments

We were pleased with the results we delivered in fiscal 2025. Highlights included:

• Adjusted net operating income return on adjusted stockholders' equity ("ROAE") of 33.1% in fiscal 2025 compared to 31.2% in the fiscal year ended December 31, 2024 ("fiscal 2024") (see "Reconciliation of GAAP and Non-GAAP Financial Measures" in Exhibit A to this Proxy Statement);

• Return to stockholders in the form of approximately $450.0 million in share repurchases; and

• Increase of 26.0% in annual stockholder dividends to $4.16 per share.

Our total stockholder return (which includes the payment and reinvestment of dividends) ("TSR") for fiscal 2025 and the five-year period from January 1, 2021 through December 31, 2025 was -3.3% and 107.1%, respectively. TSR for fiscal 2025 was lower than the S&P 500 Insurance Index return of 4.1% and the S&P MidCap 400 Index return of 7.5%. However, TSR for the five-year period was well above the S&P 400 MidCap Index return of 54.7% and consistent with the S&P 500 Insurance Index return of 109.9%.

2<br>

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PROXY SUMMARY

![img156862050_7.jpg](img156862050_7.jpg)

Distribution Results

Our business showed mixed results in fiscal 2025 with record performance by the Investment and Savings Products ("ISP") segment and results from the Term Life Insurance segment that were lower versus exceptionally strong 2024 performance. In particular:

• Value of client assets at December 31, 2025 was $128.9 billion compared with $112.1 billion at December 31, 2024;

• ISP sales increased 23.6% to $14.9 billion compared with $12.1 billion in fiscal 2024;

• The number of mutual fund-licensed independent sales representatives increased to approximately 25,620 at December 31, 2025 from 25,500 at December 31, 2024;

• The number of life-licensed independent sales representatives was 151,524 at December 31, 2025 compared with 151,611 at December 31, 2024;

• New life insurance licenses decreased 13.5% to 48,722 compared with 56,320 in fiscal 2024;

• Recruiting of new independent sales representatives decreased to 358,316 compared with 445,425 in fiscal 2024;

• Issued term life insurance policies decreased 10.4% to 331,787 compared with 370,396 in fiscal 2024;

• Issued face amount decreased 8.5% to $111.8 billion in fiscal 2025 compared with $122.2 billion in fiscal 2024; and

• Term life insurance claims paid to policy beneficiaries was $1.8 billion in both fiscal 2025 and fiscal 2024.

Corporate Performance

The bar graphs below depict our performance over the past five fiscal years for the four metrics that we use to measure annual corporate performance under our incentive compensation program. These metrics do not reflect financial results prepared in accordance with United States generally accepted accounting principles ("GAAP"). See "Reconciliation of GAAP and Non-GAAP Financial Measures" in Exhibit A to this Proxy Statement for a reconciliation to 2025 GAAP results. Reconciliations for earlier years are available through the Financial Info section of our investor relations website at *https:*//*investors.primerica.com*.

![img156862050_8.jpg](img156862050_8.jpg)

Primerica 2026 Proxy Statement 3

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PROXY SUMMARY

![img156862050_9.jpg](img156862050_9.jpg)

![img156862050_10.jpg](img156862050_10.jpg)

(1)Amounts for the fiscal year ended December 31, 2022 ("fiscal 2022") and the fiscal year ended December 31, 2021 ("fiscal 2021") reflect adjustments from originally published amounts due to the adoption of Accounting Standards Update No. 2018-12, Financial Services—Insurance (Topic 944) — Targeted Improvements to the Accounting for Long-Duration Contracts ("ASU 2018-12") or ("LDTI").

(2)Financial results for the fiscal year ended December 31, 2023 ("fiscal 2023") have been restated from the Proxy Statement for the Company's Annual Meeting of Stockholders held on May 8, 2024 (the "2024 Proxy Statement") to exclude the results of the Senior Health business, which has been reported as a discontinued operation. Refer to the Annual Report on Form 10-K for fiscal 2024 (the "2024 Annual Report") for a definition of the Senior Health business. Financial results for fiscal 2022 and fiscal 2021 have not been restated from the 2024 Proxy Statement so they still include the results of the Senior Health business, which was acquired on July 1, 2021 and disposed of on September 30, 2024.

Strategic Plan

Primerica is a leading provider of financial products and services to middle-income households in the United States and Canada with 151,524 life insurance-licensed independent sales representatives as of December 31, 2025. These licensed independent sales representatives assist our clients in meeting their needs for term life insurance, which we underwrite, and mutual funds, annuities, managed investments and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.1 million client investment accounts as of December 31, 2025. Our business model uniquely positions us to reach underserved middle-income consumers in a cost-effective manner and has proven itself in both favorable and challenging economic environments.

Our purpose is to create financially independent families. Our strategic vision, in support of this purpose, is to build unparalleled financial services distribution capabilities that enable our clients, independent sales force, home office associates and stockholders to achieve their financial goals. The guiding principles that underlie our strategic vision are serving middle-income families, maximizing the success of the independent sales force, preserving and strengthening our culture, and protecting our business model.

Our Board of Directors (our "Board" or "Board of Directors") oversees our corporate strategic plan, which includes the following growth pillars:

• Understand and solve the financial challenges faced by current and prospective clients;

• Enable leaders in the independent sales force to grow their teams and build new leaders, expanding our distribution capabilities across business lines;

• Expand representative and client digital experiences to create connected conversations;

• Deepen our talent pool to ensure our success, now and in the future; and

• Proactively ensure the Company's image accurately reflects who we are.

4<br>

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PROXY SUMMARY

![img156862050_7.jpg](img156862050_7.jpg)

We believe there is significant opportunity to meet the increasing array of financial services needs of our clients. We intend to leverage the independent sales force to meet these client needs, which will drive long-term value for all of our stakeholders.

Corporate Governance Highlights

*See "Governance" beginning on page 12 for more information.* 

Our Board of Directors currently consists of eleven members. We are pleased that our Board reflects the diversity of the independent sales representatives and the communities that we serve. Our Board members bring an array of backgrounds and expertise that benefit the middle-income market.

Two of our directors, Gary L. Crittenden and Beatriz R. Perez, have chosen not to stand for re-election at the Annual Meeting and, therefore, their terms as directors will expire at the Annual Meeting. The Corporate Governance Committee has commenced a search to fill these vacancies with qualified candidates who will add backgrounds, skills and experiences to our Board that will enhance its strength and ability to serve our stockholders. As the search is ongoing, no nominees are being presented for election at the Annual Meeting with respect to these Board seats and our Board will have two vacancies immediately after the Annual Meeting.

The highlights of our corporate governance program as of the date of this Proxy Statement are set forth below:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Board Structure</u>**<br>&nbsp;&nbsp;&nbsp;&nbsp;•73% of the Board Members are Independent <br>&nbsp;&nbsp;&nbsp;&nbsp;•Independent Lead Director of the Board <br>&nbsp;&nbsp;&nbsp;&nbsp;•Separate Non-Executive Chairman of the Board and Chief Executive Officer Roles <br>&nbsp;&nbsp;&nbsp;&nbsp;•Independent Audit, Compensation and Corporate Governance Committees of the Board <br>&nbsp;&nbsp;&nbsp;&nbsp;•Regular Executive Sessions of Independent Directors <br>&nbsp;&nbsp;&nbsp;&nbsp;•Annual Board and Committee Self-Assessments<br>&nbsp;&nbsp;&nbsp;&nbsp;•Significant Number of Directors that Demonstrate Gender, Racial and Ethnic Diversity <br>&nbsp;&nbsp;&nbsp;&nbsp;•Limit on the Number of Boards on Which our Directors are Allowed to Serve (Overboarding Policy)<br>&nbsp;&nbsp;&nbsp;&nbsp;•Mandatory Retirement Age for Directors (unless Waived by the Board)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Stockholder Rights</u>** <br>&nbsp;&nbsp;&nbsp;&nbsp;•Proxy Access <br>&nbsp;&nbsp;&nbsp;&nbsp;•Annual Election of Directors <br>&nbsp;&nbsp;&nbsp;&nbsp;•Regular Director Refreshment<br>&nbsp;&nbsp;&nbsp;&nbsp;•Majority Voting for Directors in Uncontested Elections <br>&nbsp;&nbsp;&nbsp;&nbsp;•No Poison Pill in Effect <br>&nbsp;&nbsp;&nbsp;&nbsp;•Annual Stockholder Engagement to Discuss Corporate Governance, Executive Compensation and Environmental, Social and Governance Matters<br>&nbsp;&nbsp;&nbsp;&nbsp;•Multiple Avenues for Stockholders to Communicate with the Board <br>&nbsp;&nbsp;&nbsp;&nbsp;•Stockholder Right to Call a Special Meeting | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Other Highlights</u>** <br>&nbsp;&nbsp;&nbsp;&nbsp;•Stock Ownership Guidelines for Directors and Executive Officers<br>&nbsp;&nbsp;&nbsp;&nbsp;•Pay-for-Performance Philosophy <br>&nbsp;&nbsp;&nbsp;&nbsp;•Stand-alone Compensation Recovery Policy and Broad Clawback Provisions in the Company's 2020 Omnibus Incentive Plan<br>&nbsp;&nbsp;&nbsp;&nbsp;•Policies Prohibiting Hedging, Pledging and Short Sales by Employees, Officers and Directors <br>&nbsp;&nbsp;&nbsp;&nbsp;•No Tax Gross-Ups<br>&nbsp;&nbsp;&nbsp;&nbsp;•Strong Ethics Program <br>&nbsp;&nbsp;&nbsp;&nbsp;•Publication of an Annual Corporate Sustainability Report<br>&nbsp;&nbsp;&nbsp;&nbsp;•Board Oversight of the Enterprise Risk Management Process  |

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Primerica 2026 Proxy Statement 5

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PROXY SUMMARY

![img156862050_9.jpg](img156862050_9.jpg)

Sustainability Highlights

*See "Sustainability Matters" beginning on page 17 for more information.* 

The Corporate Governance Committee of our Board of Directors (the "Corporate Governance Committee"), to which the Board has delegated oversight responsibility for the Company's social, environmental and sustainability initiatives, receives regular updates from members of management on sustainability-related topics, such as employee engagement and wellness, talent management, succession planning and climate risk. In addition, the Company publishes an annual Corporate Sustainability Report, which is available in the Sustainability section of our investor relations website at https://investors.primerica.com.

We are proud of our sustainability-related awards and recognition, which include:

▪Forbes Canada's Best Employers – 2026

▪Forbes America's Best Midsize Employers – 2024, 2025, 2026

▪Newsweek America's Greatest Workplaces for Culture, Belonging and Community – 2024, 2025, 2026

▪Top Workplaces USA – 2021, 2022, 2023, 2024, 2025

▪The Canadian Foundation for Physically Disabled Persons Corporate Award to Primerica Life Insurance Company of Canada – 2025

▪Newsweek America's Greatest Workplaces – 2023, 2024, 2025

▪USA Today America's Climate Leaders – 2024, 2025

▪Forbes America's Best Employers for Women – 2019, 2020, 2021, 2022, 2023, 2024, 2025

▪Forbes America's Best Employers for Company Culture – 2021, 2022, 2025

▪Newsweek America's Greatest Workplaces for Women – 2024

▪Bloomberg Gender Equality Index – 2020, 2021, 2022, 2023

Our Corporate Sustainability Report and the information available in the Sustainability section of our investor relations website are not deemed part of this Proxy Statement and are not incorporated herein by reference.

Executive Compensation Highlights

*See "Executive Compensation" beginning on page 45 for more information.* 

The Compensation Committee of our Board of Directors (the "Compensation Committee") has structured our executive compensation program to pay for performance and, over the long term, to provide compensation to our executive officers that is market competitive. Further, a meaningful percentage of compensation is tied to the achievement of challenging corporate performance objectives. Set forth below is a brief description of our executive compensation program for fiscal 2025.

• Compensation components include base salary, long-term equity awards, annual cash incentive awards and other compensation.

• The Compensation Committee set cash incentive award targets for each of our executive officers (also referred to in this Proxy Statement as our named executive officers) at the beginning of fiscal 2025.

oCash incentive awards are based on the Company's achievement of pre-determined performance goals related to adjusted operating revenues, adjusted net operating income, ROAE and size of life-licensed independent sales force at year end. Award amounts can be increased or decreased by the

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PROXY SUMMARY

![img156862050_7.jpg](img156862050_7.jpg)

Compensation Committee by up to 20% for personal performance, including the impact of unanticipated events.

oThe 2025 corporate performance award was equal to 127.8% of the target.

• The Compensation Committee made an annual grant of long-term equity awards to each of our executive officers in February 2025 based on fixed values determined by the Compensation Committee.

oEquity award value is split equally between time-based restricted stock units ("RSUs") and performance stock units ("PSUs").

oThe RSUs vest in equal installments over three years.

oThe PSUs will be earned based equally on the Company's average ROAE and average annual adjusted operating earnings per share ("EPS") growth over a three-year performance period of 2025 through 2027, and our executive officers will receive between 0% and 150% of the awarded shares in March 2028.

• Each of our executive officers has an employment agreement that provides for severance payments upon a termination of employment without cause or a resignation for good reason.

The Company provides only limited perquisites, and the Compensation Committee has adopted an Executive and Director Perquisites Policy. This policy provides that all perquisites paid to directors and senior executives must be approved by the Compensation Committee and it lists certain categories of perquisites that have been pre-approved.

The table below highlights the fiscal 2025 compensation for our named executive officers as disclosed in the "Summary Compensation Table" on page 67.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Summary Compensation Table Elements\*** | **Summary Compensation Table Elements\*** | **Summary Compensation Table Elements\*** |  |  |  |
|  | **Salary** | **Equity<br>Awards** | **Short-Term<br> Cash Bonus** | **Other<br>Compensation** | **Total** |
| **Chief Executive Officer** |  |  |  |  |  |
| Compensation | $750000 | $2749907 | $1917000 | $221751 | $5638658 |
| % of Total | 13% | 49% | 34% | 3% | 100% |
| **President** |  |  |  |  |  |
| Compensation | $600000 | $1899760 | $1405800 | $122786 | $4028346 |
| % of Total | 15% | 47% | 35% | 3% | 100% |
| **Chief Financial Officer** |  |  |  |  |  |
| Compensation | $575000 | $1199639 | $766800 | $40266 | $2581705 |
| % of Total | 22% | 46% | 30% | 2% | 100% |

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\*Percentages may not add to 100% due to rounding.

Primerica 2026 Proxy Statement 7

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Matters to be Voted On

![img156862050_11.jpg](img156862050_11.jpg)

Proposal 1:

Election of Directors

• **What am I Voting on?** The Board is asking our stockholders to elect each of the nine director nominees named in this Proxy Statement to hold office until the Company's Annual Meeting of Stockholders in 2027 (the "2027 Annual Meeting") and until his or her successor is elected and qualified.

• **Voting Recommendation:** "FOR" the election of the nine director nominees.

• **Vote Required:** A director will be elected if the number of shares voted "FOR" that director nominee exceeds the number of votes "AGAINST" that director nominee.

*See "Board of Directors" beginning on page 29 for more information.* 

We ask that our stockholders elect the nine director nominees named below to our Board of Directors to serve until the 2027 Annual Meeting. Stockholders have the option to vote "FOR", vote "AGAINST" or "ABSTAIN" from voting with respect to each director nominee. Proxies cannot be voted for a greater number of persons than the number of nominees named in this Proxy Statement.

Our Fourth Amended and Restated By-Laws ("By-Laws") provide for majority voting for directors in uncontested elections. As a result, each director will be elected by a majority of the votes cast, meaning that each director nominee must receive a greater number of shares voted "FOR" such director nominee than the shares voted "AGAINST" such director nominee.

Primerica is a Delaware corporation and, under Delaware law, if an incumbent director is not elected, then that director remains in office until the director's successor is duly elected and qualified or until the director's earlier resignation or removal. To address this potential outcome, our By-Laws provide that, if an incumbent director does not receive a greater number of shares voted "FOR" such director than shares voted "AGAINST" such director, then such director must tender his or her resignation to the Board. In that situation, the Corporate Governance Committee would make a recommendation to the Board about whether to accept or reject the resignation or whether to take other action. Within 90 days from the date the election results are certified, the Board will act on the Corporate Governance Committee's recommendation and will publicly disclose its decision and the rationale behind its decision. In a contested election – a circumstance we do not anticipate at the Annual Meeting – director nominees are elected by a plurality vote. Any shares that are not voted (whether by abstention or otherwise) will have no effect on the outcome of the vote. The following table provides summary information about each director nominee, each of whom currently serves on our Board.

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&nbsp;&nbsp;MATTERS TO BE VOTED ON<br>

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Age** | **Occupation** | **Independent** | **Month Joined Our Board** |
| John A. Addison, Jr. | 68 | Chief Executive Officer, Addison Leadership Group and Former Co-Chief Executive Officer, Primerica | No | October 2009 |
| Joel M. Babbit | 72 | Co-Founder and Chief Executive Officer, Narrative Content Group, LLC | Yes | August 2011 |
| Amber L. Cottle | 55 | Vice President, Government Affairs,<br>Genentech, Inc.  | Yes | May 2022 |
| Cynthia N. Day | 60 | President and Chief Executive Officer, Citizens Bancshares Corporation and Citizens Trust Bank | Yes | January 2014 |
| Sanjeev Dheer | 66 | Founder and Chief Executive Officer, CENTRL Inc. | Yes | October 2019 |
| D. Richard Williams | 69 | Non-Executive Chairman of the Board and Former Co-Chief Executive Officer, Primerica | No | October 2009 |
| Glenn J. Williams | 66 | Chief Executive Officer, Primerica | No | April 2015 |
| Darryl L. Wilson  | 62 | Founder, Chairman and President, The Wilson Collective | Yes | February 2024 |
| Barbara A. Yastine | 66 | Former Chairman, President and Chief Executive Officer, Ally Bank | Yes | December 2010 |

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Each director nominee attended 88% or more, collectively, of the aggregate of all meetings of our Board of Directors and its committees on which he or she served during fiscal 2025.

The average tenure of our director nominees is 10.7 years. Unless otherwise instructed, the members of the Proxy Committee (as defined in "Information About Voting and the Annual Meeting") will vote the proxies held by them "FOR" the election to our Board of Directors of the nominees named above.

Primerica 2026 Proxy Statement 9

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&nbsp;&nbsp;MATTERS TO BE VOTED ON<br>

![img156862050_7.jpg](img156862050_7.jpg)

Proposal 2:

Advisory Vote on Executive Compensation (Say-on-Pay)

• **What am I Voting on?** The Board is asking our stockholders to approve, on an advisory basis, the compensation of the named executive officers as disclosed in this Proxy Statement.

• **Voting Recommendation:** "FOR" the proposal.

• **Vote Required:** Approval requires a "FOR" vote by at least a majority of the shares represented at the Annual Meeting, by valid proxy or otherwise, and entitled to vote.

*See "Executive Compensation" beginning on page 45 for more information.* 

We most recently sought stockholder approval of the compensation of our named executive officers at the Company's Annual Meeting of Stockholders held on May 14, 2025 (the "2025 Annual Meeting"), at which time approximately 96.6% of votes cast were in favor thereof. At the Company's Annual Meeting of Stockholders held on May 17, 2023, our stockholders supported the Board's recommendation to hold an annual Say-on-Pay vote. The Say-on-Pay vote is not binding on the Company, our Board of Directors or the Compensation Committee. Our Board and the Compensation Committee value the opinions of our stockholders and, to the extent there is any significant vote against the compensation of our named executive officers as disclosed in this Proxy Statement, we will consider our stockholders' concerns and the Compensation Committee will evaluate whether any actions are necessary to address those concerns.

As described in detail under "Executive Compensation — Compensation Discussion and Analysis (CD&A)", our executive compensation program is designed to attract, motivate and retain our named executive officers, each of whom is critical to our success. Under this program, our named executive officers are rewarded for the achievement of specific annual, long-term, strategic and corporate goals as well as the realization of increased stockholder value. The Compensation Committee continually reviews and modifies our executive compensation program to ensure that it achieves the desired goals of aligning executive compensation with our stockholders' interests and current market practices. Please read the Compensation Discussion and Analysis ("CD&A") section of this Proxy Statement for additional details about our executive compensation program, including information about the compensation of our named executive officers for fiscal 2025.

The advisory vote in this resolution is not intended to address any specific element of compensation; rather, it relates to the overall compensation of our named executive officers, as well as the philosophy, policies and practices described in this Proxy Statement. Stockholders have the option to vote "FOR", vote "AGAINST" or "ABSTAIN" from voting on, the following resolution:

"RESOLVED, that the Company's stockholders approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Company's Proxy Statement for the 2026 Annual Meeting of Stockholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, compensation tables and any related material disclosed in such proxy statement."

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&nbsp;&nbsp;MATTERS TO BE VOTED ON<br>

![img156862050_7.jpg](img156862050_7.jpg)

Proposal 3:

Ratification of the Appointment of KPMG LLP as Our Independent Registered Public Accounting Firm

• **What am I Voting on?** The Board is asking our stockholders to ratify the appointment by the Audit Committee of our Board (the "Audit Committee") of KPMG LLP ("KPMG") as our independent registered public accounting firm for the fiscal year ending December 31, 2026 ("fiscal 2026").

• **Voting Recommendation:** "FOR" the proposal.

• **Vote Required:** Approval requires a "FOR" vote by at least a majority of the shares represented at the Annual Meeting, by valid proxy or otherwise, and entitled to vote.

*See "Audit Matters" beginning on page 85 for more information.* 

We ask that our stockholders ratify the appointment of KPMG as our independent registered public accounting firm for fiscal 2026.

The Audit Committee has authority to retain and terminate the Company's independent registered public accounting firm. The Audit Committee has appointed KPMG as our independent registered public accounting firm to audit the consolidated financial statements of the Company and its subsidiaries for fiscal 2026, as well as the Company's internal control over financial reporting. Although stockholder ratification of the appointment of KPMG is not required, our Board of Directors believes that submitting the appointment to our stockholders for ratification is a matter of good corporate governance. If our stockholders do not ratify the appointment of KPMG, then the Audit Committee will reconsider the appointment. Aggregate fees for professional services rendered by KPMG were $4.4 million and $4.6 million for fiscal 2025 and fiscal 2024, respectively.

Stockholders have the option to vote "FOR", vote "AGAINST" or "ABSTAIN" from voting with respect to this proposal.

One or more representatives of KPMG are expected to be present at the Annual Meeting. The representatives will have an opportunity to make a statement if they desire to do so and will be available to respond to appropriate stockholder questions.

Primerica 2026 Proxy Statement 11

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Governance

![img156862050_12.jpg](img156862050_12.jpg)

em

Our Board oversees the business and affairs of the Company, aligns management and stockholder interests and is driven by the directors' belief that good corporate governance is a critical factor in our continued success. Through the Governance section of our investor relations website at *https:*//*investors.primerica.com*, our stockholders have access to key governing documents such as our Code of Conduct, Corporate Governance Guidelines and the charters of each committee of the Board.

Board Structure

Our Board currently consists of eleven directors. Two of our directors, Gary L. Crittenden and Beatriz R. Perez, have chosen not to stand for re-election at the Annual Meeting and, therefore, their terms as directors will expire at the Annual Meeting. The Corporate Governance Committee has commenced a search to fill these vacancies with qualified candidates who will add backgrounds, skills and experiences to our Board that will enhance its strength and ability to serve our stockholders. As the search is ongoing, no nominees are being presented for election at the Annual Meeting with respect to these Board seats and our Board will have two vacancies immediately after the Annual Meeting.

The Company's governance documents provide our Board with flexibility to select the appropriate leadership structure for the Company. The Company has a non-executive Chairman of the Board and an independent Lead Director. Our Board believes that this structure is the most appropriate leadership structure for the Company at this time and is in the best interests of our stockholders because it provides decisive and effective leadership and, when combined with the Company's other governance policies and procedures, provides appropriate opportunities for oversight, discussion and evaluation of decisions and direction by our Board. In the event of a potential change to the Board's leadership structure, we expect to seek prior input from our largest stockholders.

Mr. R. Williams has served as non-executive Chairman of the Board since April 2015. He previously served as Chairman of the Board and Co-Chief Executive Officer. Mr. G. Williams has served as Chief Executive Officer since April 2015. He previously served as President from 2005 through March 2015. Mr. Crittenden, one of our independent directors and Chairman of the Audit Committee, has served as the Lead Director of our Board since May 2023, and he joined our Board in July 2013. Mr. Crittenden is not standing for re-election at the Annual Meeting due to personal reasons. A new Lead Director will be appointed in May 2026 upon the conclusion of the Annual Meeting.

As the primary interface between management and our independent directors, the Lead Director provides a valuable supplement to the non-executive Chairman and the Chief Executive Officer roles and serves as a key contact for the non-employee directors, thereby enhancing our Board's independence from management. The duties and responsibilities of our Chairman of the Board and our Lead Director are set forth below.

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| | |
|:---|:---|
| **Duties and Responsibilities of Chairman of the Board** | **Duties and Responsibilities of Lead Director** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Preside over Board meetings and meetings of non-employee directors<br>•Call special meetings of our Board<br>•Solicit feedback from the Lead Director and approve agendas for Board meetings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Preside over all Board meetings at which the Chairman of the Board is not present<br>•Call meetings of independent directors and set the agenda for such meetings |

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GOVERNANCE

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| | |
|:---|:---|
| **Duties and Responsibilities of Chairman of the Board** | **Duties and Responsibilities of Lead Director** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Review advance copies of Board meeting materials<br>•Preside over stockholder meetings<br>•Facilitate and participate in formal and informal communications with and among directors<br>•Review interested party communications directed to our Board and take appropriate action<br>•Represent the Board in communications with stockholders, as needed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Preside over all meetings of independent directors and at all executive sessions of independent directors<br>•Review Board meeting agendas and provide input to the Chairman of the Board<br>•Communicate with management on behalf of the independent directors when appropriate<br>•Act as liaison among the Chairman of the Board, the Chief Executive Officer and the members of the Board<br>•Work with the Chair of the Corporate Governance Committee to lead the annual Board self-assessment, including providing input on the structure of the Board <br>•Lead the annual Chief Executive Officer evaluation<br>•Lead the Chief Executive Officer succession process<br>•Represent the Board in communications with stockholders, as needed |

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All directors play an active role in overseeing the Company's business and risk functions both at our Board and committee levels. See "— Board's and Management's Roles in Risk Oversight" for additional information on the Board's and management's respective roles in risk oversight. In addition, directors have full and free access to members of management, and our Board and each committee has authority to retain independent financial, legal or other advisors as they deem necessary without consulting, or obtaining the approval of, any member of management. Our Board holds separate executive sessions of its non-employee directors and of its independent directors at least annually.

Board Diversity

We strive to offer an inclusive business environment that benefits from diversity of opinions, skills, backgrounds and personal experiences. This also holds true for our Board, whose members represent the stakeholders of the Company as a whole and support its mission to serve middle-income families. The Board believes that diverse ideas drive better client solutions, innovation and business results. See "Board of Directors – Director Qualifications" for additional information on the skills, backgrounds and personal experiences of our Board members.

Pursuant to our Corporate Governance Guidelines, our Board annually reviews the appropriate skills and characteristics of its members in light of the current composition of our Board. Our Corporate Governance Guidelines require the Board to consider Board candidates based on merit against objective criteria tied to the skills and/or expertise needed by the Board and the Company while giving due regard to all aspects of diversity including opinions, skills, backgrounds and personal experiences. The Corporate Governance

Primerica 2026 Proxy Statement 13

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GOVERNANCE

![img156862050_7.jpg](img156862050_7.jpg)

Committee annually reviews our Corporate Governance Guidelines, assesses their effectiveness and recommends any changes to the Board, if needed.

Board Evaluation Process

Our Corporate Governance Guidelines require that the Corporate Governance Committee conduct an annual review of Board performance and further require that each standing committee conduct an annual evaluation of its own performance. In furtherance of this requirement, the Corporate Governance Committee oversees an annual self-evaluation of Board performance and each standing committee conducts an annual evaluation of its own performance. The Board self-assessment is conducted at a different time during the year than the committee self-assessments, so that the directors have adequate time to reflect on the functioning of the Board as a whole. The evaluation processes, as described below, have resulted in enhancements over time that increase the effectiveness of our Board and committees.

With respect to the Board evaluation, the Corporate Governance Committee prepares a written self-assessment questionnaire that is completed by all members of the Board. The questions are designed to gather suggestions to improve Board effectiveness and solicit feedback on topics such as skills, composition, structure, culture and dynamics. The Corporate Governance Committee discusses the Board self-assessment and the Corporate Governance Committee Chair leads a discussion of the self-assessment among the full Board. Following these discussions, management and the Corporate Governance Committee Chair identify and prioritize any action items and develop a plan to address them. The Corporate Governance Committee monitors progress on action items, which may impact agendas, director education, committee composition, or other governance enhancements.

Biannually, an independent third party is used to facilitate a more in-depth Board self-assessment to support candid feedback and incorporate evolving best practices. In fiscal 2025, the Corporate Governance Committee retained a third party to facilitate a Board self-assessment, consistent with the process it followed during fiscal 2023. The third party, which was a different third party than the one used to facilitate the 2023 Board self-assessment in order to provide a different perspective, collected questionnaires from each director, met with each director individually and solicited feedback on Board function and meetings, composition, succession, leadership, as well as other matters. The third party then compiled the results from the questionnaires and interviews and provided an oral report to the Board of Directors with recommendations for improvements. The Corporate Governance Committee expects to continue using a third-party facilitator to conduct the Board self-assessment on a biannual basis.

To facilitate the committee evaluations, each independent committee prepares a written self-assessment questionnaire that is completed by the members of the committee. The questions are designed to gather suggestions to improve committee effectiveness and solicit additional feedback on topics including but not limited to: (i) committee skills and composition; (ii) committee structure and responsibilities; and (iii) committee culture, dynamics and operations. Our Corporate Secretary compiles the results of each committee self-assessment and shares those results with all directors. The committee chairs lead discussions during their committee meetings of the results of the self-assessments, highlighting areas that require additional attention.

Board's and Management's Roles in Risk Oversight

Our Board is ultimately responsible for overseeing the Company's management of the various risks facing the Company as well as the Company's compliance culture and overall risk tolerance. The Board and management actively collaborate on the topic of risk management and, if applicable, would work together to resolve any potential disagreements relating to risk management. The Board has delegated to the

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GOVERNANCE

![img156862050_7.jpg](img156862050_7.jpg)

Audit Committee responsibility for regularly monitoring the oversight of our enterprise risk management ("ERM") program, including: (i) ensuring that all risk areas are monitored by senior management; (ii) confirming that all risk management matters are reported to the Board or the appropriate Board committee and addressed as needed; and (iii) approving our Enterprise Risk Management Policy, which describes our ERM program and delineates the major functions and roles and responsibilities within the program, at least annually. The Audit Committee does a quarterly review of our ERM dashboard, which includes a current rating of the risk level of each enterprise level risk. The Board and each Board committee actively oversee and monitor the management of enterprise and intermediate level risks that could impact the Company's operations in connection with their respective subject matter areas as illustrated in the following graphic.

![img156862050_13.jpg](img156862050_13.jpg)

Management is responsible for implementing the Company's risk management strategy and developing policies, controls, processes and procedures to identify and manage risk. Senior management is responsible for ensuring that appropriate risk management is carried out in the business lines, promoting a strong culture of risk management within each business unit or department, identifying all known and emerging risks, recommending appropriate risk limits for identified risk exposures, and developing programs that monitor, test, and report control deficiencies. Each quarter, senior management reviews the enterprise and intermediate risks for highlights, trends, and emerging issues. Matters requiring attention are added to a watch list or heatmap for monitoring and reporting to the Board of Directors.

Annually, management identifies and evaluates the Company's material risk areas, defines mitigating controls (which are documented by our Risk Management and Internal Controls Department), assigns each enterprise risk area to a member of senior management (with the underlying intermediate risks

Primerica 2026 Proxy Statement 15

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GOVERNANCE

![img156862050_7.jpg](img156862050_7.jpg)

assigned to a senior business leader) and reviews the results of the foregoing with the Audit Committee and the Board of Directors. Management has developed and implemented a Governance, Risk and Compliance tool to monitor ongoing risk, record findings from our testing programs and track mitigating controls across all business areas.

We have established a Business Risk and Control Committee (the "BRCC") led by our Chief Governance and Risk Officer. The BRCC is our governing body for enterprise risk management and testing programs and is comprised of senior management, including our Chief Executive Officer, and all enterprise and intermediate risk owners. The BRCC meets quarterly to monitor all ERM categories and assess the risk heatmap and watch list. Risk updates are provided by each enterprise risk owner. During BRCC meetings, emerging risks outside of the currently defined risk areas are monitored for additional exposure. Our Chief Internal Auditor monitors our ERM program by attending each BRCC meeting to observe and provide feedback and all quarterly meetings of the Audit Committee during which the ERM program and related developments are reviewed and discussed.

In fiscal 2025, our Chief Governance and Risk Officer presented a risk profile and provided quarterly status updates to the Board and each Board committee that has oversight responsibility for one or more key risks. She also provided the Board a quarterly heatmap that highlights the status of significant risks. Further, management provides a detailed quarterly update on significant risk areas, including cybersecurity and privacy risks presented by our Chief Information Officer and legal and regulatory matters presented by our General Counsel. At least annually, the cybersecurity presentation includes additional information on system readiness and protection, our incident response plan, internal training exercises and recovery plans.

Our Chief Internal Auditor reports directly to the Audit Committee. She presents quarterly to the Audit Committee with respect to internal audit findings and recommendations and meets in executive session with the Audit Committee at least quarterly. The Audit Committee uses the results of its discussions with our Chief Internal Auditor to monitor the Company's internal audit plan.

Stockholder Engagement

We value regular dialogue with our stockholders and view engagement as an important and effective way to gain input on the Company and the Board's oversight responsibilities. In late fiscal 2025, we invited the Company's largest stockholders, whose holdings together represented over 75% of our outstanding shares, to speak with senior management and, if requested, the Lead Director about topics important to them. Stockholders that participated in these conversations represented over 48% of our outstanding shares. Specific topics covered during these conversations included Board composition, refreshment and succession planning; CEO succession planning; executive compensation; and sustainability-related matters (including human capital management; cybersecurity and artificial intelligence; data privacy; and climate-related risks). We were pleased with the stockholder feedback, which indicated that our stockholders are generally satisfied with the Company's corporate governance and executive compensation practices as well as the format and content of the Company's proxy statement and Corporate Sustainability Report. Following the stockholder engagement conversations, management prepared a detailed summary of questions and comments raised by stockholders, as well as key themes from the engagements. The summary was shared with the Board and relevant Board committees so that the Board can consider stockholder perspectives in connection with governance practices, executive compensation decisions and oversight priorities. The table below describes certain requests received during these conversations in 2025 and our responses to those requests.

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GOVERNANCE

![img156862050_7.jpg](img156862050_7.jpg)

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| | |
|:---|:---|
| **Key Stockholder Perspectives** | **Board Consideration/Actions** |
| Add a right for stockholders to call a special meeting. | In February 2026, the Board amended our By-Laws to permit a special meeting of stockholders to be called by one or more stockholders representing, in the aggregate, not less than a majority of the voting power of all shares entitled to vote on the matter or matters to be brought before the proposed special meeting. |
| Continue to expand the discussion of Social-related components of your Sustainability story (e.g., Corporate Culture and The Primerica Way and the human capital management aspects of the independent sales force), as these are the most meaningful sustainability components to Primerica. | We intend to continue to expand disclosure of relevant Social-related areas in our 2026 Corporate Sustainability Report, which we expect to post in the Sustainability section of our investor relations website in August 2026. |
| Enhance disclosures with respect to the Board's overboarding policy and processes and practices with respect to Board self-assessment, orientation and recruiting. | Such enhancements were made and included in this Proxy Statement. |
| Reduce the supermajority thresholds currently required to amend our Charter and/or By-Laws. | The Board will consider this provision in 2026 during its annual review of our Charter and By-Laws. |

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Sustainability Matters

*Oversight of Sustainability Matters* 

The Board of Directors has delegated to the Corporate Governance Committee responsibility for oversight of the Company's corporate governance risk (including environmental and social risk, ethics/Code of Conduct risk, and public affairs risk), and human resources risk (including culture, talent development, and succession planning). As a result, the Corporate Governance Committee meets regularly with those members of management who have responsibility for such initiatives.

In August 2025, we published our annual Corporate Sustainability Report, which has been posted in the Sustainability section of our investor relations website at *https:*//*investors.primerica.com*. This report contains the Sustainability Accounting Standards Board ("SASB") disclosure metrics that we believe are most relevant to our industry and business model. We elected to use the SASB metrics over other available frameworks because of its focus on certain areas that we believe are material to our business. Our Corporate Sustainability Report also contains information in line with the Task Force on Climate-related Financial Disclosures, including our Scope 1 and Scope 2 greenhouse gas ("GHG") emissions. For the first time, our 2025 Corporate Sustainability Report contains a Statement of GHG Emissions, which provides detailed information about our Scope 1 and Scope 2 GHG emissions including methodology and approach, in line with the GHG Protocol, a globally recognized accounting and reporting framework for the measurement and presentation of emissions data.

Primerica 2026 Proxy Statement 17

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GOVERNANCE

![img156862050_7.jpg](img156862050_7.jpg)

*Our People and Culture -The Primerica Way*

We recognize the importance of doing business the right way. The culture of Primerica is a result of the unique beliefs that we hold and their impact on every facet of our organization. In 2025, we formally adopted The Primerica Way, a statement of Company values, to solidify our culture:

• We Believe in Opportunity and Success;

• We Believe in Serving Middle-Income Households;

• We Believe in Our People;

• We Believe in Integrity;

• We Believe in Responsibility;

• We Believe in Leadership;

• We Believe in Being Different; and

• We Believe in Leaving a Legacy

More information on The Primerica Way is available at *https://theprimericaway.com.* 

We strive to create a workplace that offers our employees a wide range of opportunities to learn, grow and thrive in their careers while also fostering an engagement environment ruled by collaboration and inclusion. Our employees consistently give the Company high scores in our annual employee survey for "operating by strong values." Our employees and the independent sales force serve as the foundation of our success and engaging and empowering them is essential if we are to fulfill the mission of enabling families to live financially independent lives.

We continue to increase our focus on inclusivity and our culture. To achieve this, we collaborate within our employee base and the independent sales force to be more intentional about educating, engaging and managing our businesses in a way that demonstrates our commitment to our culture and values. We believe that a diversity of opinions, skills, backgrounds and personal experiences in our workforce is critical to our success and supports our mission to serve middle-income families. At Primerica, we respect and appreciate all individuals and embrace both our differences and similarities. We believe that diverse ideas drive better client solutions, innovation and business results.

The Corporate Governance Committee has responsibility for oversight of our human capital management initiatives. Our Chief People Officer oversees our Human Resources and Talent Management functions, leads the Company's culture program efforts and strategies and provides regular updates to the Corporate Governance Committee.

With the adoption of The Primerica Way, we are taking actions to help ensure that our values are embedded throughout our organization:

• Leadership and personal development efforts (referred to as Leaders Building Leaders) are aligned with The Primerica Way and focus on empowering senior level individual contributors and above with effective resources to improve their leadership capabilities;

• To drive accountability at key senior management levels, the following goal was established for senior level individual contributors and above: "Actively lead and support actions that are aligned

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with the Company's focus on The Primerica Way and Leaders Building Leaders." This goal is part of the annual performance assessment process for applicable employees;

• Our Human Resources Learning Team continues to enhance our Management Fundamentals curriculum aimed at equipping new and existing leaders with focused leadership development opportunities for ongoing personal growth and enhancing overall communication and leadership effectiveness with their teammates; and

• We have continued to grow and support our Employee Resource Groups ("ERGs"), which are open to all employees and supported by volunteer teammates who work with senior management sponsors to plan and participate in ERG programs and events. Our four ERGs continue to thrive and build interest across our organization: Primerica Black Professional Network; Primerica Uniting Latinos and Serving Others; Asian Pacific Islander; and PRI–Bold (Balancing Our Lives Daily). ERGs promote allyship, allow employees to remain connected in our hybrid work environment and help advance The Primerica Way. As of December 31, 2025 over 300 employees were members of at least one ERG. We continue to evaluate the demand for additional ERGs.

For information about the composition of our U.S. employee base, see "Item 1. Business — Human Capital Management — Employees" in the 2025 Annual Report.

The independent sales force utilizes specialized groups, which we refer to as Strategic Markets, to encourage professional and personal growth and development, including Women in Primerica, the African American Leadership Council, the Hispanic American Leadership Council, and the Asian Pacific Islander Leadership Council. These groups provide opportunities for networking and mentorship, sales and business management training and deep learning opportunities. Additional information about the diversity of the independent sales force is available in our 2025 Corporate Sustainability Report in the Sustainability section of our investor relations website at *https:*//*investors.primerica.com*.

We continue to be recognized for our inclusive culture. In 2026, Newsweek again recognized Primerica as one of America's Greatest Workplaces for Culture, Belonging and Community. In 2025, Newswee*k* recognized Primerica for the third time as one of America's Greatest Workplaces and for the second time as one of America's Greatest Workplaces for Diversity. Primerica Life Insurance Company of Canada, our Canadian insurance subsidiary, received the 2025 Corporate Award by The Canadian Foundation for Physically Disabled Persons. In 2025, we were recognized by Forbes as one of America's Best Employers for Women for the seventh consecutive year. In 2024, Newsweek recognized Primerica as one of America's Greatest Workplaces for Women.

*Supporting Employee Engagement* 

In 2026, we were again recognized by Forbes as one of America's Best Midsize Employers and, for the first time, as one of Canada's Best Employers. In 2025, we were again recognized by USA Today as a Top Workplaces USA and named a regional Top Workplaces by the Atlanta-Journal Constitution for the thirteenth consecutive year. Also in 2025, Newsweek again named us as one of America's Greatest Workplaces.

We are committed to enhancing our culture and investing in our employees. To monitor our progress and gauge employee satisfaction, we conduct annual employee surveys and provide detailed results to department heads and managers as well as the Board of Directors. Adjustments to policies, programs, compensation and benefits packages are often made based on this feedback. In 2025, the Company

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realized a nearly all-time high participation rate of 74% and a very strong employee satisfaction score of 4.66 out of 6.

Annually, the Company holds a town hall meeting at our U.S. headquarters that is broadcast virtually to all of our workplace locations. A town hall meeting is also held annually at our Canada headquarters for our employees in Canada. At both town hall meetings, our Chief Executive Officer, President and Chief People Officer jointly lead and provide updates on the Company's performance and strategic direction, as well as information on benefits enhancements, policy changes and other workplace topics. The meetings always end with a question-and-answer segment, and employees are encouraged to raise issues of concern and offer suggestions for improvement. Employees are also provided the opportunity to submit questions and suggestions in advance.

*Work-Life Balance*

We understand and value the importance of an effective work-life balance for employees. We offer many flexible work options and schedules to meet the needs of our employees. The vast majority of our employees work on either a hybrid schedule where they are able to work both at home and in the office or are fully remote. Offering flexible workplace options has become an expectation of employees across many industries and may be necessary to remain competitive and attract top talent.

In addition to flexible workplace options, our full-time and part-time employees receive several benefits that are aligned with achieving a better work-life balance such as paid planned and unplanned time off, 11 paid holidays, and paid time off for volunteering. We also have a dedicated work-life balance ERG called PRI-Bold that offers employees an opportunity to share ways to maintain an active and healthy work-life balance, have access to speakers and gather to share information and participate in social activities.

*Talent Development and Succession Planning*

Employees are highly satisfied at Primerica, as evidenced by our employee retention rate in 2025 of 91%. Many employees have been with Primerica for over 20 years, a result of a continued high employee retention rate. The tenure of our named executive officers ranges from 2.2 years to 45 years, with an average tenure of 24 years.

The result of this longevity and loyalty is that many employees will reach retirement age over the coming years. Management is committed to a strong culture that reflects the diversity of the independent sales representatives and our clients while ensuring that our succession planning and internal and external talent pipeline identification processes incorporate our values. Consistent with The Primerica Way and Leaders Building Leaders described above, the Company has implemented several initiatives to help actively develop talent. These opportunities create awareness into the various aspects of the Company and allow talent to obtain on-the-job work experience with projects and business applications. For example, the Company's Leadership Development Program focuses on high potential leaders at the mid- level manager through Senior Vice President level and provides opportunities for emerging leaders to grow their skills for future roles in the organization. This program includes multi-dimensional assessments such as 360-degree feedback, leadership and professional coaching, business acumen, team building and community involvement. In early 2026, the Company launched a year-long mentorship program for lower-level employees consisting of small group mentorship circles to further cultivate potential talent and foster relationship building. Additional information about our talent development

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initiatives can be found in our 2025 Corporate Sustainability Report in the Sustainability section of our investor relations website at *https:*//*investors.primerica.com*.

Our Board of Directors maintains a succession plan for our Chief Executive Officer and other key members of management, which includes a contingency plan if our Chief Executive Officer were to depart unexpectedly. At least annually, the Corporate Governance Committee reviews the succession plan and leadership pipeline for these key roles and discusses them with the Board of Directors, taking into account the Company's long-term corporate strategy. In addition, the Corporate Governance Committee oversees the Company's talent development initiatives. Board members also engage and spend time with our high potential leaders at Board meetings and other events.

*Environmental Responsibility and Impact on Our Business* 

Our business as a term life insurance and financial services company, by its nature, does not have a significant impact on the environment. Nevertheless, we recognize the significant challenges presented by climate change and the growing importance of this issue to investors and the communities we serve. We continue our efforts, such as electronic document delivery to our clients, energy efficiency at our corporate headquarters, robust recycling initiatives and promotion of transportation alternatives and flexible working options, to reduce our impact on the Earth's resources.

Environmental issues, particularly those related to climate change, have the potential to present risks and opportunities to our business. We address those risks and opportunities in the following ways:

• Analyzing the potential impact of climate change on the products we sell, including consideration of environmental factors that might impact health and therefore our pricing assumptions and underwriting practices;

• Ensuring that our product mix offers clients the opportunity to invest in products and services that specifically address environmental risk and responsibility; and

• Incorporating relevant environmental information and analysis into our governance and risk management practices.

In May 2025, we completed a second climate risk materiality assessment facilitated by a different third-party consultant than the consultant that facilitated our first climate risk materiality assessment in 2022. The 2025 assessment determined that climate-related physical and transition risks are not expected to have a material adverse impact on Primerica over the short-, medium-, or long-term (1-5 years, 5-10 years, 10-25 years). The below climate-related risks were identified as potentially impacting Primerica in the medium- and/or long-term and are balanced by climate change-related opportunities associated with Primerica's businesses:

• In the long-term, climate experts anticipate increased frequency and severity of extreme weather events as global mean temperatures rise, including hurricanes, floods and heat waves. Chronic temperature rise associated with climate change has also been found to intensify air pollution, which can increase the risk of stroke, heart disease and respiratory diseases. Such changes could impact mortality directly or indirectly related to such events. They could also lead to increased demand for life insurance policies. Due to our use of reinsurance and the probable increase in life insurance

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demand, future extreme weather events are not expected to have a material adverse effect on Primerica's strategy and financial planning.

• In the medium- and long-term, extreme weather events may increase in frequency and severity in places where Primerica has operations, independent contractor representatives and policyholders, which could lead to disruptions in operations and distribution. Further, Primerica's investment portfolio may become more volatile and experience impaired assets. These potential impacts are not expected to have a material adverse effect on Primerica's strategy and financial planning.

See "— Board's and Management's Roles in Risk Oversight" for additional information on the Board's and management's respective roles in risk oversight.

In 2025, we were named by USA Today for the second time as one of America's Climate Leaders for our low emission intensity (the amount of greenhouse gas a company produces relative to its revenues).

*Upholding Strong Governance*

The Company complies with the Corporate Governance Principles published by the Investor Stewardship Group ("ISG"), as described below. ISG is an investor-led effort of more than 70 organizations that includes some of the largest U.S.-based institutional investors and global asset managers, along with several of their international counterparts.

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| | |
|:---|:---|
| **ISG Principle** | **Primerica Practice** |
| **Principle 1:**<br> Boards are accountable to shareholders | - All directors stand for election annually<br>- Mandatory retirement age for directors (unless waived by the Board)<br>- Proxy access with market terms<br>- Independent Lead Director available to speak with investors if <br> requested |
| **Principle 2:**<br> Shareholders should be entitled to<br>voting rights in proportion to their<br>economic interest | - Majority voting (with each share of common stock receiving one vote) <br> in uncontested director elections, and directors not receiving majority <br> support must tender their resignation for consideration by the Board |
| **Principle 3:**<br> Boards should be responsive to<br>shareholders and be proactive in order<br>to understand their perspectives | - Management offered to meet with investors whose holdings together <br> represented in excess of 75% shares outstanding<br>- Engagement topics included Board composition,<br> executive compensation, strategy, CEO succession planning, <br> human capital management, director succession planning <br> and other sustainability-related matters |
| **Principle 4:**<br> Boards should have a strong,<br>independent leadership structure | - Strong independent Lead Director with clearly defined duties that are<br> disclosed to stockholders<br>- Strong independent committee chairs<br>- Proxy Statement discloses why Board believes current leadership <br> structure is appropriate |
| **Principle 5:**<br> Boards should adopt structures and<br>practices that enhance their effectiveness | - 67% of Board nominees are independent<br>- 33% of Board nominees are racially or ethnically diverse; <br>- 33% of Board nominees are women <br>- Annual Board evaluation, facilitated biannually by a third party, and<br> annual committee evaluations<br>- Active Board refreshment with 18% refreshment in last five years<br>- Each director attended more than 88% of the Board and applicable <br> committee meetings in fiscal 2025, and all directors attended the 2025<br> Annual Meeting |

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| | |
|:---|:---|
| **Principle 6:**<br> Boards should develop management<br>incentive structures that are aligned<br>with the long-term strategy of the<br>company | - Executive compensation program received over 96% support at the<br> 2025 Annual Meeting<br>- Compensation Committee annually reviews and approves incentive<br> program design, goals and objectives for alignment with compensation<br> and business strategies<br>- Annual and long-term incentive programs are designed to reward <br> financial and operational performance that furthers short- and long-<br> term strategic objectives |

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*Integrity at Work* 

Primerica's long-term success depends on our integrity. We have numerous corporate governance policies and procedures in place that reflect our commitment to the highest standards of business ethics and compliance.

The Company has a Code of Conduct that applies to all employees, directors and officers of the Company and its subsidiaries. Employees receive required annual training on our Code of Conduct, which is posted on the Governance section of our investor relations website at *https:*//*investors.primerica.com* and is available in print, free of charge, to our stockholders who request a copy. Employees are required to acknowledge compliance with our Code of Conduct annually. As independent contractors, members of the independent sales force are not subject to our Code of Conduct but they must comply with a number of policies and procedures that are similar to principles and standards, including those related to anti-corruption and business ethics, set forth in our Code of Conduct. The Company also has made available to all of our employees and the independent sales force an Ethics Hotline, which can be accessed by phone or email and permits employees to anonymously report a violation of our Code of Conduct. Any changes to our Code of Conduct will be posted in our investor relations website at *https:*//*investors.primerica.com*.

Documenting and bolstering certain aspects of our Code of Conduct is our Equal Employment Opportunity and Anti-Harassment Policy, which includes information about complaint and investigation procedures relating to alleged discrimination incidents. The policy also defines the role of the Board of Directors with respect to alleged violations of such policy. Employees are trained at least annually on our Equal Employment Opportunity and Anti-Harassment Policy, and the Corporate Governance Committee is responsible for overseeing management's implementation and monitoring of the policy and reviews and approves this policy at least annually.

Director Independence

*Independence Determinations* 

Mr. R. Williams and Mr. Addison served as our Co-Chief Executive Officers from 1999 through March 2015 and are independent under the standards set forth by the New York Stock Exchange ("NYSE") and our Corporate Governance Guidelines. However, certain proxy advisory firms view former chief executive officers as permanently affiliated with the company they led and therefore never independent. As a result, the Board has elected to designate Mr. R. Williams and Mr. Addison as not independent. Mr. G. Williams, our Chief Executive Officer, is not independent because he is a member of management and an employee of the Company.

Our Board annually assesses the outside affiliations of each director to determine if any of these affiliations could cause a potential conflict of interest or could interfere with the independence of the director. Based on information furnished by all directors regarding their relationships with Primerica and its subsidiaries and research conducted by management and discussed with our Board with respect to

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outside affiliations, our Board has determined that none of the remaining directors who served on our Board during fiscal 2025 has or had a material relationship with Primerica other than through his or her role as director and, except as set forth above, each is independent because he or she satisfies:

• The categorical standards set forth below;

• The independence standards set forth in Rule 10A-3 of the Securities Exchange Act of 1934, as amended ("Exchange Act"); and

• The criteria for independence set forth in Section 303A.02(b) of the NYSE Listed Company Manual.

A determination of independence under these standards does not mean that a director is disinterested under Section 144 of the Delaware General Corporation Law. Each director, relevant committee and our full Board may also consider whether any director is interested in any transaction brought before our Board or any of its committees for consideration.

*Independence of Committee Members* 

Throughout fiscal 2025, the Audit, Compensation and Corporate Governance Committees have been fully independent in accordance with the NYSE Listed Company Manual and our Board's director independence standards described above. In fiscal 2025, no member of these committees received any compensation from Primerica other than directors' fees, and no member of the Audit Committee was or is an affiliated person of Primerica (other than by virtue of his or her directorship). All members of the Audit Committee meet the additional standards of audit committee members of publicly traded companies required by the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act"). Throughout fiscal 2025, all members of the Compensation Committee qualified as non-employee directors as defined in Rule 16b-3 under the Exchange Act.

*Categorical Standards of Independence* 

The Company has established categorical standards of independence for our Board, which are described in our Corporate Governance Guidelines and are available in the Governance section of our investor relations website at *https:*//*investors.primerica.com*. To be considered independent for purposes of the director qualification standards: (i) the director must meet independence standards under the NYSE Listed Company Manual; and (ii) our Board must affirmatively determine that the director otherwise has no material relationship with the Company, directly or as an officer, shareowner or partner of an organization that has a relationship with the Company.

To assist it in determining each director's independence in accordance with the NYSE's rules, our Board has established guidelines, which provide that a director will be deemed independent unless:

(a)(1) the director is an employee, or an immediate family member of the director is an executive officer, of the Company or any of its affiliates, or (2) the director was an employee, or the director's immediate family member was an executive officer, of the Company or any of its affiliates during the immediately preceding three years;

(b)(1) the director presently receives during any consecutive 12-month period more than $120,000 in direct compensation from the Company or any of its affiliates, or an immediate family member of the director presently receives during any consecutive 12-month period more than $120,000 in direct compensation for services as an executive officer of the Company or any of its affiliates, excluding director and committee fees and pension or other forms of deferred compensation for prior service (provided such compensation is not contingent in any way on continued service), or (2) the director

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or the director's immediate family member had received such compensation during any consecutive 12-month period within the immediately preceding three years;

(c)(1) the director is a current partner or employee of a firm that is the Company's internal or independent auditor, (2) an immediate family member of the director is a current partner of such a firm, (3) an immediate family member of the director is a current employee of such a firm and personally works on the Company's audit, or (4) the director or an immediate family member of the director was, within the last three years, a partner or employee of such a firm and personally worked on the Company's audit within that time period;

(d)(1) an executive officer of the Company serves on the board of directors of a company that, at the same time, employs the director, or an immediate family member of the director, as an executive officer, or (2) Primerica and the company of which the director or his or her immediate family member is an executive officer had such relationship within the immediately preceding three years;

(e)(1) the director is a current executive officer or employee, or an immediate family member of the director is a current executive officer, of another company that makes payments to or receives payments from the Company for property or services in an amount which, in any single fiscal year, exceeds the greater of $1 million, or 2% of such other company's consolidated gross revenues, or (2) Primerica and the company of which the director is an executive officer or employee or his or her immediate family member is an executive officer had such relationship within the immediately preceding three years;

(f)the director serves as an executive officer, director or trustee, or his or her immediate family member who shares the director's household serves as an executive officer, director or trustee, of a charitable organization, and within the last three years, discretionary charitable contributions by the Company to such organization, in the aggregate in any one year, exceed the greater of $1 million or 2% of that organization's total annual charitable receipts;

(g)the director has any interest in an investment that the director jointly acquired in conjunction with the Company;

(h)the director has, or his or her immediate family member has, a personal services contract with the Company; or

(i)the director is affiliated with, or his or her immediate family member is affiliated with, a paid advisor or consultant to the Company.

Director Nomination Process

Our Board maintains a robust process in which the members focus on identifying, considering and evaluating Board candidates. Our Corporate Governance Committee leads this process, which culminates in recommending individuals for nomination to the Board.

In carrying out this responsibility, the Corporate Governance Committee annually assesses the current composition of the Board, anticipated director retirements resulting from the Board's mandatory retirement age of 75 and otherwise, and the skills, experiences and perspectives that would likely enhance the Board's effectiveness in light of the Company's strategic plan and long-term objectives. The Corporate Governance Committee seeks input from other Board members and senior management, and also considers and evaluates any candidates recommended by our stockholders.

Any stockholder who wishes to have the Corporate Governance Committee consider a candidate for election to our Board is required to give written notice of his or her intention to make such a nomination. For a description of the procedures required to be followed for a stockholder to nominate a director, see

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"Other Stockholder Information – Proxy Access Director Nominees" and "Other Stockholder Information – Other Proposals and Director Nominees." A proposed nomination that does not comply with these requirements will not be considered by the Corporate Governance Committee. There are no differences in the manner in which the Corporate Governance Committee considers or evaluates director candidates it identifies and director candidates who are recommended by our stockholders.

Our Board has determined that its members should bring to the Company a broad range of experience, knowledge and judgment. A successful Board candidate must be prepared to represent the interests of the Company and all of its stockholders. The factors considered by the Corporate Governance Committee and our Board in their review of potential candidates (whether current Board members seeking re-election or potential new director candidates) include whether:

• The candidate has exhibited behavior that indicates he or she is committed to the highest ethical standards;

• The candidate has had business, governmental, non-profit or professional experience at the Chairman, Chief Executive Officer, Chief Operating Officer or equivalent policy-making and operational level of a large organization that indicates that the candidate will be able to make a meaningful and immediate contribution to our Board;

• The candidate has special skills, expertise and background that would complement the attributes of the existing directors, taking into consideration the Company's business and the diverse communities and geographies of the middle-income market it serves;

• The candidate has financial expertise;

• The candidate will effectively, consistently and appropriately take into account and balance the legitimate interests and concerns of all of our stockholders and our other stakeholders in reaching decisions, rather than advancing the interests of a particular constituency;

• The candidate possesses a willingness to challenge management while working constructively as part of a team in an environment of collegiality and trust;

• The candidate will be able to devote sufficient time and energy to the performance of his or her duties as a director. When considering this factor, the Corporate Governance Committee and the Board will consider the candidate's other commitments including public company board leadership positions. See "Board of Directors —Director Service on Other Public Boards (Overboarding Policy);

• The candidate enhances aspects of the Board's diversity including opinions, skills, background and personal experiences; and

• The candidate brings desired skills that are not otherwise represented by current members of our Board.

The Corporate Governance Committee carefully reviews all current directors seeking re-election and new director candidates in light of these factors based on the context of the current and anticipated composition of our Board, the current and anticipated operating requirements of the Company and the long-term interests of our stockholders. In reviewing any candidate, the Corporate Governance Committee considers the integrity of the candidate and whether the candidate would be independent as defined in our Corporate Governance Guidelines and the NYSE Listed Company Manual. The Corporate Governance Committee expects a high level of involvement from our directors and a candidate must confirm that they have the capacity to fully contribute to our Board.

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With respect to the recruitment of a new director, the Corporate Governance Committee oversees a structured search and evaluation process. The Corporate Governance Committee typically identifies new director candidates through a variety of sources, and often engages an independent third-party search firm, which could differ from prior searches based on the needs of the Board. The Corporate Governance Committee decides whether to further evaluate each candidate, which would include a thorough reference check, interviews, background check and discussions about the candidate's qualifications, availability and commitment. Upon the completion of such evaluation, the Corporate Governance Committee makes a recommendation to our Board with respect to the election of the new director candidate to our Board. Our Board expects that all new candidates recommended to our Board will have received the approval of all members of the Corporate Governance Committee.

Director Orientation and Continuing Education

Pursuant to our Corporate Governance Guidelines, the Company provides a comprehensive orientation program for new directors. New director orientation includes briefings from senior management on Primerica's business model, operations, strategy, risk management framework, regulatory environment, corporate governance practices, and Board and committee responsibilities. New directors also receive background materials and have opportunities to meet with members of management and fellow directors.

Directors are expected to stay current on recent developments in industry matters and corporate governance through participation in outside director education programs that promote and enhance Board oversight and informed decision-making. Such programs can include seminars, conferences and web-based programs addressing topics such as corporate governance, regulatory and legislative developments, industry trends, accounting and financial reporting, cybersecurity, data privacy, artificial intelligence, human capital management, and other topics. Directors are strongly encouraged to participate in at least one outside continuing education program per year, and the Company reimburses directors for reasonable expenses related to such programs. The Company provides a list of available director education programs to directors at least annually. In addition, the Company provides education about various aspects of the Company and its business at in-person Board meetings.

Proxy Access

A stockholder or group of no more than 20 stockholders that has owned at least 3% of our common stock for at least three years may nominate directors to our Board and have the nominees included in our proxy materials to be voted on at the Company's Annual Meeting of Stockholders. The maximum number of stockholder nominees that will be included in our proxy materials with respect to any such annual meeting is the greater of (i) two or (ii) 20% of directors to be elected. A stockholder who seeks to nominate a director or directors to our Board must provide proper notice to our Corporate Secretary under our By-Laws. See "Other Stockholder Information – Proxy Access Director Nominees" and "Other Stockholder Information – Other Proposals and Director Nominees."

Majority Voting Standard for Director Elections

In an uncontested election, each director will be elected by the vote of the majority of votes cast with respect to that director's election. (An uncontested election is an election where the number of nominees is the same as the number of directors to be elected.) A majority of the votes cast means that the number of shares voted "FOR" a nominee's election must exceed the votes cast "AGAINST" such nominee's election.

Primerica 2026 Proxy Statement 27

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If an incumbent director does not receive a greater number of shares voted "FOR" such director than shares voted "AGAINST" such director, then such director must tender his or her resignation to the Board. In that situation, the Corporate Governance Committee would make a recommendation to the Board about whether to accept or reject the resignation, or whether to take other action. Within 90 days from the date the election results are certified, the Board will act on the Corporate Governance Committee's recommendation and will publicly disclose its decision and the rationale behind its decision. In a contested election, director nominees are elected by a plurality vote. Under the plurality standard, the number of persons equal to the number of vacancies to be filled who receive more votes than other nominees are elected to the Board, regardless of whether they receive a majority of votes cast. An election is considered contested under our By-Laws if, outside of the proxy access process, a stockholder has submitted notice of a director nomination to our Corporate Secretary in compliance with the requirements for stockholder nominees for directors set forth in our By-Laws and such nomination has not been withdrawn by such stockholder on or prior to the tenth day preceding the date the Company first mails its notice of meeting.

Communicating With Our Board of Directors

Our stockholders and other interested persons may communicate with our directors, or any specified individual director, by addressing such communications to them in care of our Corporate Secretary, at the Company's principal executive office located at One Primerica Parkway, Duluth, Georgia 30099. Our stockholders and other interested persons may also communicate with our directors by sending an e-mail message as follows:

• With our Board, to boardofdirectors@primerica.com;

• With the Audit Committee, to auditcommittee@primerica.com;

• With the non-employee directors, to nonemployeedirectors@primerica.com; or

• With the Chairman of the Board, to chairman@primerica.com.

In accordance with a policy approved by the Audit Committee, our Corporate Secretary (or, solely with respect to matters that are not reasonably likely to have legal implications for the Company, our Chief Governance and Risk Officer or Chief Compliance Officer, as applicable) is required to:

• Report communications of concerns relating to accounting, finance, internal controls or auditing matters to the Audit Committee;

• Investigate communications of concerns relating to conduct of employees, including concerns related to internal policies;

• Report communications of concerns relating to non-compliant behavior, such as allegations of violations of our Code of Conduct or antitrust violations, to the Audit Committee; and

• Determine whether to maintain or discard certain communications received.

If the correspondence is specifically marked as a private communication to our Board (or a specific member or members of our Board), then our Corporate Secretary will not open or read the correspondence and will forward it to the addressee. These procedures may change from time to time, and you are encouraged to visit our investor relations website at *https:*//*investors.primerica.com* for the most current means of communicating with our directors.

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Board Members

The following information about each nominee for our Board of Directors includes their business experience, director positions held currently or at any time during the last five years, and the experiences, qualifications, attributes or skills that caused the Corporate Governance Committee and our Board of Directors to determine that each individual should be elected to serve as a director.

Two of our directors, Gary L. Crittenden and Beatriz R. Perez, have chosen not to stand for re-election at the Annual Meeting. Each of them advised the Board that their decision is not related to any differences or disagreement with the Company, the Board, management or the Company's operations, policies or practices. Mr. Crittenden has served as a director since July 2013 and Ms. Perez has served as a director since May 2014. We thank them for their years of distinguished service and contributions to the Board.

**JOHN A. ADDISON, JR.** 

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|:---|:---|:---|
| ![img156862050_15.gif](img156862050_15.gif)<br>Chief Executive Officer of <br>Addison Leadership Group<br>Age: 68<br>Director Since October 2009<br>Not Independent | **Board Committees:**<br>None<br>**Top Relevant Competencies:**<br>-Regulated Industry <br>-Sales and Marketing<br>-Strategic Planning<br>-Capital Markets/Asset & Wealth Management<br>-Enterprise Risk Management<br>-Government/Regulatory Affairs  | **Public Directorships:**<br>None<br>**Former Public Directorships:**<br>Direct Selling Acquisition Corporation |
| Mr. Addison has been the Chief Executive Officer of Addison Leadership Group, a company that provides leadership training and consulting, since April 2015. He also serves as Non-Executive Chairman of Primerica Distribution. Mr. Addison served as the Company's Co-Chief Executive Officer from 1999 through March 2015 and served the Company in various capacities since 1982 when he joined us as a business systems analyst. He has served in numerous officer roles with Primerica Life Insurance Company ("Primerica Life"), a life insurance underwriter, and Primerica Financial Services, LLC, a general agent, both of which are subsidiaries of Primerica. He served as Vice President and Senior Vice President of Primerica Life, as well as Executive Vice President and Group Executive Vice President of Marketing. In 1995, he became President of the Primerica operating unit of Citigroup Inc. ("Citigroup") and was promoted to Co-Chief Executive Officer in 1999. Mr. Addison serves on the board of Brenau University and served on the board of Direct Selling Acquisition Corporation from September 2021 to November 2023. Mr. Addison received his B.A. degree in Economics from the University of Georgia and his M.B.A. from Georgia State University.<br>Mr. Addison brings to our Board his 15 years of experience as our Co-Chief Executive Officer and over 30 years of understanding the Company, the independent sales force and our business, along with sales and marketing, strategic planning, capital markets/asset and wealth management, enterprise risk management, and government/regulatory affairs expertise.  | Mr. Addison has been the Chief Executive Officer of Addison Leadership Group, a company that provides leadership training and consulting, since April 2015. He also serves as Non-Executive Chairman of Primerica Distribution. Mr. Addison served as the Company's Co-Chief Executive Officer from 1999 through March 2015 and served the Company in various capacities since 1982 when he joined us as a business systems analyst. He has served in numerous officer roles with Primerica Life Insurance Company ("Primerica Life"), a life insurance underwriter, and Primerica Financial Services, LLC, a general agent, both of which are subsidiaries of Primerica. He served as Vice President and Senior Vice President of Primerica Life, as well as Executive Vice President and Group Executive Vice President of Marketing. In 1995, he became President of the Primerica operating unit of Citigroup Inc. ("Citigroup") and was promoted to Co-Chief Executive Officer in 1999. Mr. Addison serves on the board of Brenau University and served on the board of Direct Selling Acquisition Corporation from September 2021 to November 2023. Mr. Addison received his B.A. degree in Economics from the University of Georgia and his M.B.A. from Georgia State University.<br>Mr. Addison brings to our Board his 15 years of experience as our Co-Chief Executive Officer and over 30 years of understanding the Company, the independent sales force and our business, along with sales and marketing, strategic planning, capital markets/asset and wealth management, enterprise risk management, and government/regulatory affairs expertise.  | Mr. Addison has been the Chief Executive Officer of Addison Leadership Group, a company that provides leadership training and consulting, since April 2015. He also serves as Non-Executive Chairman of Primerica Distribution. Mr. Addison served as the Company's Co-Chief Executive Officer from 1999 through March 2015 and served the Company in various capacities since 1982 when he joined us as a business systems analyst. He has served in numerous officer roles with Primerica Life Insurance Company ("Primerica Life"), a life insurance underwriter, and Primerica Financial Services, LLC, a general agent, both of which are subsidiaries of Primerica. He served as Vice President and Senior Vice President of Primerica Life, as well as Executive Vice President and Group Executive Vice President of Marketing. In 1995, he became President of the Primerica operating unit of Citigroup Inc. ("Citigroup") and was promoted to Co-Chief Executive Officer in 1999. Mr. Addison serves on the board of Brenau University and served on the board of Direct Selling Acquisition Corporation from September 2021 to November 2023. Mr. Addison received his B.A. degree in Economics from the University of Georgia and his M.B.A. from Georgia State University.<br>Mr. Addison brings to our Board his 15 years of experience as our Co-Chief Executive Officer and over 30 years of understanding the Company, the independent sales force and our business, along with sales and marketing, strategic planning, capital markets/asset and wealth management, enterprise risk management, and government/regulatory affairs expertise.  |

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Primerica 2026 Proxy Statement 29

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**JOEL M. BABBIT** 

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| | | |
|:---|:---|:---|
| ![img156862050_16.gif](img156862050_16.gif)<br>Co-Founder and Chief <br>Executive Officer of <br>Narrative Content Group, LLC<br>Age: 72<br>Director Since August 2011<br>Independent  | **Board Committees:**<br>Compensation<br>**Top Relevant Competencies:** <br>-Sales and Marketing<br>-Strategic Planning <br>-Sustainability<br>-Human Capital Management<br>| **Public Directorships:**<br>None<br>**Former Public Directorships:**<br>Greensky, Inc.  |
| Mr. Babbit is the Co-Founder and Chief Executive Officer of Narrative Content Group, LLC ("NCG"), one of the nation's leading resources for the production and distribution of digital content. Prior to launching NCG in 2009, Mr. Babbit spent more than 20 years in the advertising and public relations industry, creating two of the largest advertising agencies in the Southeastern US – Babbit and Reiman (acquired by London-based GGT) and 360 (acquired by WPP's Grey Global Group). Following the acquisition of 360 by Grey Global Group in 2002, Mr. Babbit served as President and Chief Creative Officer of the resulting entity, Grey Atlanta, until 2009. He also previously served as President of WPP's GCI Group, one of the world's ten largest public relations firms, and as Executive Vice President and General Manager for the New York office of advertising agency Chiat/Day Inc. Following his hometown of Atlanta being awarded the 1996 Summer Olympics, and at the request of Mayor Maynard Jackson, Mr. Babbit took a leave of absence from the private sector to serve as Chief Marketing and Communications Officer for the City of Atlanta and as a member of the Mayor's cabinet. Mr. Babbit served on the board of directors of Greensky, Inc. from March 2015 to April 2022. He received a B.A. degree in Journalism from the University of Georgia and was awarded the Henry Grady School of Journalism Lifetime Achievement Award in 2015.<br>Mr. Babbit brings to our Board over 35 years of experience in marketing and advertising and his expertise in sales and marketing, strategic planning, sustainability, and human capital management. | Mr. Babbit is the Co-Founder and Chief Executive Officer of Narrative Content Group, LLC ("NCG"), one of the nation's leading resources for the production and distribution of digital content. Prior to launching NCG in 2009, Mr. Babbit spent more than 20 years in the advertising and public relations industry, creating two of the largest advertising agencies in the Southeastern US – Babbit and Reiman (acquired by London-based GGT) and 360 (acquired by WPP's Grey Global Group). Following the acquisition of 360 by Grey Global Group in 2002, Mr. Babbit served as President and Chief Creative Officer of the resulting entity, Grey Atlanta, until 2009. He also previously served as President of WPP's GCI Group, one of the world's ten largest public relations firms, and as Executive Vice President and General Manager for the New York office of advertising agency Chiat/Day Inc. Following his hometown of Atlanta being awarded the 1996 Summer Olympics, and at the request of Mayor Maynard Jackson, Mr. Babbit took a leave of absence from the private sector to serve as Chief Marketing and Communications Officer for the City of Atlanta and as a member of the Mayor's cabinet. Mr. Babbit served on the board of directors of Greensky, Inc. from March 2015 to April 2022. He received a B.A. degree in Journalism from the University of Georgia and was awarded the Henry Grady School of Journalism Lifetime Achievement Award in 2015.<br>Mr. Babbit brings to our Board over 35 years of experience in marketing and advertising and his expertise in sales and marketing, strategic planning, sustainability, and human capital management. | Mr. Babbit is the Co-Founder and Chief Executive Officer of Narrative Content Group, LLC ("NCG"), one of the nation's leading resources for the production and distribution of digital content. Prior to launching NCG in 2009, Mr. Babbit spent more than 20 years in the advertising and public relations industry, creating two of the largest advertising agencies in the Southeastern US – Babbit and Reiman (acquired by London-based GGT) and 360 (acquired by WPP's Grey Global Group). Following the acquisition of 360 by Grey Global Group in 2002, Mr. Babbit served as President and Chief Creative Officer of the resulting entity, Grey Atlanta, until 2009. He also previously served as President of WPP's GCI Group, one of the world's ten largest public relations firms, and as Executive Vice President and General Manager for the New York office of advertising agency Chiat/Day Inc. Following his hometown of Atlanta being awarded the 1996 Summer Olympics, and at the request of Mayor Maynard Jackson, Mr. Babbit took a leave of absence from the private sector to serve as Chief Marketing and Communications Officer for the City of Atlanta and as a member of the Mayor's cabinet. Mr. Babbit served on the board of directors of Greensky, Inc. from March 2015 to April 2022. He received a B.A. degree in Journalism from the University of Georgia and was awarded the Henry Grady School of Journalism Lifetime Achievement Award in 2015.<br>Mr. Babbit brings to our Board over 35 years of experience in marketing and advertising and his expertise in sales and marketing, strategic planning, sustainability, and human capital management. |

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30<br>

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

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**AMBER L. COTTLE**

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| | | |
|:---|:---|:---|
| ![img156862050_17.gif](img156862050_17.gif)<br>Vice President, Government Affairs of <br>Genentech, Inc. <br>Age: 55<br>Director Since May 2022<br>Independent | &nbsp;&nbsp;**Board Committees:**<br>Corporate Governance<br>**Top Relevant Competencies:**<br>-Strategic Planning<br>-Sustainability <br>-Human Capital Management <br>-Enterprise Risk Management<br>-Government/Regulatory Affairs | **Public Directorships**<br>None<br>**Former Public Directorships:**<br>None |
| Ms. Cottle has over twenty-five years of government affairs experience in both the private and public sectors. Ms. Cottle currently serves as the Vice President of Government Affairs of Genentech, Inc. ("Genentech"), a member of the Roche Group, since February 2026. Prior to Genentech, Ms. Cottle served as the Vice President of Global Public Policy, Social Impact and Content Safety at Dropbox, Inc. ("Dropbox") which she joined in July 2015. Prior to Dropbox, Ms. Cottle served as the Vice President of Government Affairs and Public Policy for the Americas of Apple Inc. from 2014 to 2015. <br>Prior to her corporate experience, Ms. Cottle served over twelve years in the U.S. government, including for the U.S. Senate Finance Committee, where she served as the chief strategist for all policy areas under its jurisdiction, and the Office of the U.S. Trade Representative ("USTR"), where she served as the chief negotiator of the investment provisions of multiple U.S. free trade agreements and bilateral investment treaties. Prior to her work at the USTR, Ms. Cottle worked in the International Group of the law firm Wilmer, Cutler & Pickering (now WilmerHale) and clerked on the U.S. Court of Appeals for the Fourth Circuit. Ms. Cottle has a B.A. degree from Saint Louis University and a J.D. degree from the University of Chicago Law School.<br>Ms. Cottle brings to our Board expertise in strategic planning, sustainability, human capital management, enterprise risk management and governmental and regulatory affairs.  | Ms. Cottle has over twenty-five years of government affairs experience in both the private and public sectors. Ms. Cottle currently serves as the Vice President of Government Affairs of Genentech, Inc. ("Genentech"), a member of the Roche Group, since February 2026. Prior to Genentech, Ms. Cottle served as the Vice President of Global Public Policy, Social Impact and Content Safety at Dropbox, Inc. ("Dropbox") which she joined in July 2015. Prior to Dropbox, Ms. Cottle served as the Vice President of Government Affairs and Public Policy for the Americas of Apple Inc. from 2014 to 2015. <br>Prior to her corporate experience, Ms. Cottle served over twelve years in the U.S. government, including for the U.S. Senate Finance Committee, where she served as the chief strategist for all policy areas under its jurisdiction, and the Office of the U.S. Trade Representative ("USTR"), where she served as the chief negotiator of the investment provisions of multiple U.S. free trade agreements and bilateral investment treaties. Prior to her work at the USTR, Ms. Cottle worked in the International Group of the law firm Wilmer, Cutler & Pickering (now WilmerHale) and clerked on the U.S. Court of Appeals for the Fourth Circuit. Ms. Cottle has a B.A. degree from Saint Louis University and a J.D. degree from the University of Chicago Law School.<br>Ms. Cottle brings to our Board expertise in strategic planning, sustainability, human capital management, enterprise risk management and governmental and regulatory affairs.  | Ms. Cottle has over twenty-five years of government affairs experience in both the private and public sectors. Ms. Cottle currently serves as the Vice President of Government Affairs of Genentech, Inc. ("Genentech"), a member of the Roche Group, since February 2026. Prior to Genentech, Ms. Cottle served as the Vice President of Global Public Policy, Social Impact and Content Safety at Dropbox, Inc. ("Dropbox") which she joined in July 2015. Prior to Dropbox, Ms. Cottle served as the Vice President of Government Affairs and Public Policy for the Americas of Apple Inc. from 2014 to 2015. <br>Prior to her corporate experience, Ms. Cottle served over twelve years in the U.S. government, including for the U.S. Senate Finance Committee, where she served as the chief strategist for all policy areas under its jurisdiction, and the Office of the U.S. Trade Representative ("USTR"), where she served as the chief negotiator of the investment provisions of multiple U.S. free trade agreements and bilateral investment treaties. Prior to her work at the USTR, Ms. Cottle worked in the International Group of the law firm Wilmer, Cutler & Pickering (now WilmerHale) and clerked on the U.S. Court of Appeals for the Fourth Circuit. Ms. Cottle has a B.A. degree from Saint Louis University and a J.D. degree from the University of Chicago Law School.<br>Ms. Cottle brings to our Board expertise in strategic planning, sustainability, human capital management, enterprise risk management and governmental and regulatory affairs.  |

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Primerica 2026 Proxy Statement 31

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**CYNTHIA N. DAY** 

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| | | |
|:---|:---|:---|
| ![img156862050_18.gif](img156862050_18.gif)<br>President and Chief <br>Executive Officer<br>of Citizens Bancshares <br>Corporation<br>and Citizens Trust Bank<br>Age: 60<br>Director Since January 2014<br>Independent | **Board Committees:**<br>Audit<br>Corporate Governance (Chair) <br>**Top Relevant Competencies:**<br>-Regulated Industry <br>-Strategic Planning<br>-Human Capital Management<br>-Enterprise Risk Management<br>| **Public Directorships:**<br>PROG Holdings, Inc. <br>**Former Public Directorships:**<br>Aaron's Holdings, Inc.  |
| Ms. Day has been the President and Chief Executive Officer of Citizens Bancshares Corporation and Citizens Trust Bank since February 2012. Citizens Bancshares Corporation was a publicly held corporation until it completed a going private transaction in January 2017. Prior to becoming Chief Executive Officer, she served as Chief Operating Officer and Senior Executive Vice President of Citizens Trust Bank from February 2003 to January 2012 and served as its acting President and Chief Executive Officer from January 2012 to February 2012. Prior to her banking career, she served as an audit manager for KPMG until joining Citizens Trust Bank in 1993. Ms. Day also serves on the board of directors of PROG Holdings, Inc., the National Bankers Association, the American Bankers Association, the Atlanta Metro Chamber of Commerce, and the Federal Reserve Bank of Atlanta. She served on the board of directors of Aaron's Holdings, Inc. from October 2011 until December 2020. She is a member of the American Institute of Certified Public Accountants, the Georgia Society of CPAs and the Rotary Club of Atlanta. Ms. Day received a B.S. degree from the University of Alabama.<br>Ms. Day brings to our Board experience as the chief executive officer, including the chief executive officer of a formerly publicly held company, as well as expertise in general management, finance and accounting, regulated industry, strategic planning, human capital management and enterprise risk management. She also has experience serving on the boards of directors of several public companies. In addition, the customer base served by Citizens Bancshares Corporation is very similar to that served by the Company, giving her a great understanding of their buying habits, the products they purchase and effective marketing and communication methods. | Ms. Day has been the President and Chief Executive Officer of Citizens Bancshares Corporation and Citizens Trust Bank since February 2012. Citizens Bancshares Corporation was a publicly held corporation until it completed a going private transaction in January 2017. Prior to becoming Chief Executive Officer, she served as Chief Operating Officer and Senior Executive Vice President of Citizens Trust Bank from February 2003 to January 2012 and served as its acting President and Chief Executive Officer from January 2012 to February 2012. Prior to her banking career, she served as an audit manager for KPMG until joining Citizens Trust Bank in 1993. Ms. Day also serves on the board of directors of PROG Holdings, Inc., the National Bankers Association, the American Bankers Association, the Atlanta Metro Chamber of Commerce, and the Federal Reserve Bank of Atlanta. She served on the board of directors of Aaron's Holdings, Inc. from October 2011 until December 2020. She is a member of the American Institute of Certified Public Accountants, the Georgia Society of CPAs and the Rotary Club of Atlanta. Ms. Day received a B.S. degree from the University of Alabama.<br>Ms. Day brings to our Board experience as the chief executive officer, including the chief executive officer of a formerly publicly held company, as well as expertise in general management, finance and accounting, regulated industry, strategic planning, human capital management and enterprise risk management. She also has experience serving on the boards of directors of several public companies. In addition, the customer base served by Citizens Bancshares Corporation is very similar to that served by the Company, giving her a great understanding of their buying habits, the products they purchase and effective marketing and communication methods. | Ms. Day has been the President and Chief Executive Officer of Citizens Bancshares Corporation and Citizens Trust Bank since February 2012. Citizens Bancshares Corporation was a publicly held corporation until it completed a going private transaction in January 2017. Prior to becoming Chief Executive Officer, she served as Chief Operating Officer and Senior Executive Vice President of Citizens Trust Bank from February 2003 to January 2012 and served as its acting President and Chief Executive Officer from January 2012 to February 2012. Prior to her banking career, she served as an audit manager for KPMG until joining Citizens Trust Bank in 1993. Ms. Day also serves on the board of directors of PROG Holdings, Inc., the National Bankers Association, the American Bankers Association, the Atlanta Metro Chamber of Commerce, and the Federal Reserve Bank of Atlanta. She served on the board of directors of Aaron's Holdings, Inc. from October 2011 until December 2020. She is a member of the American Institute of Certified Public Accountants, the Georgia Society of CPAs and the Rotary Club of Atlanta. Ms. Day received a B.S. degree from the University of Alabama.<br>Ms. Day brings to our Board experience as the chief executive officer, including the chief executive officer of a formerly publicly held company, as well as expertise in general management, finance and accounting, regulated industry, strategic planning, human capital management and enterprise risk management. She also has experience serving on the boards of directors of several public companies. In addition, the customer base served by Citizens Bancshares Corporation is very similar to that served by the Company, giving her a great understanding of their buying habits, the products they purchase and effective marketing and communication methods. |

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32<br>

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**SANJEEV DHEER**

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| | | |
|:---|:---|:---|
| ![img156862050_19.gif](img156862050_19.gif) | **Board Committees:**<br>Audit<br>Compensation  | **Public Directorships:**<br>None |
| <br>Founder and Chief <br>Executive Officer<br>of CENTRL, Inc.<br>Age: 66<br>Director Since October 2019<br>Independent <br>| **Top Relevant Competencies:**<br>-Strategic Planning<br>-Technology/Digital<br>-Cybersecurity<br>| **Former Public Directorships:**<br>None |
| Mr. Dheer is the Founder and has been the Chief Executive Officer of CENTRL, Inc., a privately held software company offering solutions for third-party risk management, since September 2015. He previously served as a consultant to Apple Inc. in the payments area from July 2014 to August 2015. In November 1999, Mr. Dheer founded CashEdge, Inc., a pioneer in developing innovative payments products for banks, which was acquired by Fiserv, Inc. in 2011. He led the CashEdge business division at Fiserv from September 2011 to June 2013. Prior to founding CashEdge, Mr. Dheer was a Principal at McKinsey & Co., where he worked from September 1992 to October 1999. Mr. Dheer received an M.B.A. from the Stanford Graduate School of Business where he was an Arjay Miller Scholar, an M.A. in Computer Science from Queens College, City University of New York, an M.A. in Economics from Washington State University, and a B.A. degree and M.A. degree in History from Delhi University. He has authored over 14 patents.  | Mr. Dheer is the Founder and has been the Chief Executive Officer of CENTRL, Inc., a privately held software company offering solutions for third-party risk management, since September 2015. He previously served as a consultant to Apple Inc. in the payments area from July 2014 to August 2015. In November 1999, Mr. Dheer founded CashEdge, Inc., a pioneer in developing innovative payments products for banks, which was acquired by Fiserv, Inc. in 2011. He led the CashEdge business division at Fiserv from September 2011 to June 2013. Prior to founding CashEdge, Mr. Dheer was a Principal at McKinsey & Co., where he worked from September 1992 to October 1999. Mr. Dheer received an M.B.A. from the Stanford Graduate School of Business where he was an Arjay Miller Scholar, an M.A. in Computer Science from Queens College, City University of New York, an M.A. in Economics from Washington State University, and a B.A. degree and M.A. degree in History from Delhi University. He has authored over 14 patents.  | Mr. Dheer is the Founder and has been the Chief Executive Officer of CENTRL, Inc., a privately held software company offering solutions for third-party risk management, since September 2015. He previously served as a consultant to Apple Inc. in the payments area from July 2014 to August 2015. In November 1999, Mr. Dheer founded CashEdge, Inc., a pioneer in developing innovative payments products for banks, which was acquired by Fiserv, Inc. in 2011. He led the CashEdge business division at Fiserv from September 2011 to June 2013. Prior to founding CashEdge, Mr. Dheer was a Principal at McKinsey & Co., where he worked from September 1992 to October 1999. Mr. Dheer received an M.B.A. from the Stanford Graduate School of Business where he was an Arjay Miller Scholar, an M.A. in Computer Science from Queens College, City University of New York, an M.A. in Economics from Washington State University, and a B.A. degree and M.A. degree in History from Delhi University. He has authored over 14 patents.  |
| <br>Mr. Dheer brings to our Board experience as the chief executive officer of a start-up technology company, as well as expertise in consumer-facing digital technology, strategic planning and cybersecurity. | <br>Mr. Dheer brings to our Board experience as the chief executive officer of a start-up technology company, as well as expertise in consumer-facing digital technology, strategic planning and cybersecurity. | <br>Mr. Dheer brings to our Board experience as the chief executive officer of a start-up technology company, as well as expertise in consumer-facing digital technology, strategic planning and cybersecurity. |

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Primerica 2026 Proxy Statement 33

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**D. RICHARD WILLIAMS** 

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| | | |
|:---|:---|:---|
| ![img156862050_20.gif](img156862050_20.gif)<br>Chairman of the Board<br>Age: 69<br>Director Since October 2009<br>Not Independent | **Board Committees:**<br>Executive (Chair)<br>**Top Relevant Competencies:**<br>-Regulated Industry <br>-Sales and Marketing <br>-Strategic Planning <br>-Capital Markets/Asset & Wealth Management<br>-Enterprise Risk Management  | &nbsp;&nbsp;**Public Directorships:** <br>None<br>**Former Public Directorships:**<br>Usana Health Services, Inc.<br>Crawford & Company<br>|
| Mr. Williams has served as non-executive Chairman of the Board of Primerica since April 2015 and as Chairman from October 2009 through March 2015. He served as our Co-Chief Executive Officer from 1999 through March 2015 and has served the Company since 1989 in various capacities, including as the Chief Financial Officer and Chief Operating Officer of the Primerica operating unit of Citigroup. Mr. Williams also served on the board of directors of Crawford & Company from February 2016 to May 2025 and the board of directors of Usana Health Sciences, Inc. from March 2016 to May 2018. Mr. Williams received both his B.S. degree and his M.B.A. from the Wharton School of the University of Pennsylvania.<br>Mr. Williams led the Company as Co-Chief Executive Officer for 15 years and brings to our Board more than 30 years of knowledge of the Company's business, finances and operations along with expertise in senior management, finance, strategic planning, capital markets/asset & wealth management and enterprise risk management. | Mr. Williams has served as non-executive Chairman of the Board of Primerica since April 2015 and as Chairman from October 2009 through March 2015. He served as our Co-Chief Executive Officer from 1999 through March 2015 and has served the Company since 1989 in various capacities, including as the Chief Financial Officer and Chief Operating Officer of the Primerica operating unit of Citigroup. Mr. Williams also served on the board of directors of Crawford & Company from February 2016 to May 2025 and the board of directors of Usana Health Sciences, Inc. from March 2016 to May 2018. Mr. Williams received both his B.S. degree and his M.B.A. from the Wharton School of the University of Pennsylvania.<br>Mr. Williams led the Company as Co-Chief Executive Officer for 15 years and brings to our Board more than 30 years of knowledge of the Company's business, finances and operations along with expertise in senior management, finance, strategic planning, capital markets/asset & wealth management and enterprise risk management. | Mr. Williams has served as non-executive Chairman of the Board of Primerica since April 2015 and as Chairman from October 2009 through March 2015. He served as our Co-Chief Executive Officer from 1999 through March 2015 and has served the Company since 1989 in various capacities, including as the Chief Financial Officer and Chief Operating Officer of the Primerica operating unit of Citigroup. Mr. Williams also served on the board of directors of Crawford & Company from February 2016 to May 2025 and the board of directors of Usana Health Sciences, Inc. from March 2016 to May 2018. Mr. Williams received both his B.S. degree and his M.B.A. from the Wharton School of the University of Pennsylvania.<br>Mr. Williams led the Company as Co-Chief Executive Officer for 15 years and brings to our Board more than 30 years of knowledge of the Company's business, finances and operations along with expertise in senior management, finance, strategic planning, capital markets/asset & wealth management and enterprise risk management. |

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34<br>

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**GLENN J. WILLIAMS** 

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| | | |
|:---|:---|:---|
| ![img156862050_21.gif](img156862050_21.gif)<br>Chief Executive Officer<br>Age: 66<br>Director Since April 2015<br>Not Independent | **Board Committees:**<br>Executive<br>**Top Relevant Competencies:**<br>-Regulated Industry <br>-Sales and Marketing <br>-Strategic Planning<br>-Capital Markets/Asset & Wealth Management<br>-Human Capital Management<br>-Enterprise Risk Management<br>| **Public Directorships:**<br>None<br>**Former Public Directorships:**<br>None |
| Mr. Williams has served as our Chief Executive Officer since April 2015. He served as the Company's President from 2005 through March 2015. Previously, he served as Executive Vice President of Field and Product Marketing for our international operations from 2000 to 2005, as President and Chief Executive Officer of Primerica Canada from 1996 to 2000, and in roles of increasing responsibility as part of Primerica's international expansion team in Canada from 1985 to 2000. He began his career with Primerica in 1981 as a member of the Company's independent sales force and joined the home office team in 1983. Mr. Williams received his B.S. degree in Education from Baptist University of America. He has served on the board of trustees for the Georgia Baptist Foundation, Inc. since October 2024 and from 2019 to 2023.<br>Mr. Williams brings to our Board more than 40 years of experience with the Company, including time in the field as a sales representative, as well as expertise in general management, sales and marketing, strategic planning, capital markets/asset & wealth management, human capital management, and enterprise risk management. | Mr. Williams has served as our Chief Executive Officer since April 2015. He served as the Company's President from 2005 through March 2015. Previously, he served as Executive Vice President of Field and Product Marketing for our international operations from 2000 to 2005, as President and Chief Executive Officer of Primerica Canada from 1996 to 2000, and in roles of increasing responsibility as part of Primerica's international expansion team in Canada from 1985 to 2000. He began his career with Primerica in 1981 as a member of the Company's independent sales force and joined the home office team in 1983. Mr. Williams received his B.S. degree in Education from Baptist University of America. He has served on the board of trustees for the Georgia Baptist Foundation, Inc. since October 2024 and from 2019 to 2023.<br>Mr. Williams brings to our Board more than 40 years of experience with the Company, including time in the field as a sales representative, as well as expertise in general management, sales and marketing, strategic planning, capital markets/asset & wealth management, human capital management, and enterprise risk management. | Mr. Williams has served as our Chief Executive Officer since April 2015. He served as the Company's President from 2005 through March 2015. Previously, he served as Executive Vice President of Field and Product Marketing for our international operations from 2000 to 2005, as President and Chief Executive Officer of Primerica Canada from 1996 to 2000, and in roles of increasing responsibility as part of Primerica's international expansion team in Canada from 1985 to 2000. He began his career with Primerica in 1981 as a member of the Company's independent sales force and joined the home office team in 1983. Mr. Williams received his B.S. degree in Education from Baptist University of America. He has served on the board of trustees for the Georgia Baptist Foundation, Inc. since October 2024 and from 2019 to 2023.<br>Mr. Williams brings to our Board more than 40 years of experience with the Company, including time in the field as a sales representative, as well as expertise in general management, sales and marketing, strategic planning, capital markets/asset & wealth management, human capital management, and enterprise risk management. |

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Primerica 2026 Proxy Statement 35

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**DARRYL L. WILSON**

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|:---|:---|:---|
| ![img156862050_22.gif](img156862050_22.gif) | **Board Committees:**<br>Corporate Governance Committee | **Public Directorships:**<br>Eaton Corporation plc<br>NextEra Energy, Inc. <br>Solventum Corporation  |
| <br>Founder, Chairman and President <br>The Wilson Collective<br>Age: 62<br>Director Since February 2024<br>Independent | **Top Relevant Competencies:**<br>-Regulated Industry<br>-Sales and Marketing<br>-Strategic Planning<br>-Technology/Digital<br>-Sustainability <br>-Human Capital Management<br>-Enterprise Risk Management <br>-Government/Regulatory Affairs<br>| **Former Public Directorships:**<br>None |
| Mr. Wilson is the Founder, Chairman and President of The Wilson Collective, a business advisory and investment firm that invests in startup companies and provides resources and advisory services to a broad base of global clients, since founding the organization in 2018. Previously, Mr. Wilson spent more than 30 years in global leadership roles, with 25 years at General Electric Company ("GE") and five years with British Petroleum North America. At GE, he held a number of leadership positions of increasing responsibility including Vice President, Commercial of GE Power, a business of GE, from June 2017 until his retirement in December 2017, Vice President and Chief Commercial Officer of GE Energy Connections from January 2016 to June 2017, Vice President and Chief Commercial Officer of GE Distributed Power from January 2013 to January 2016 and President and Chief Executive Officer of GE Aeroderivative Products from July 2008 to January 2013. Other prior responsibilities include serving as the President and Chief Executive Officer of GE Consumer and Industrial, Asia-Pacific and India based in Shanghai, China. Mr. Wilson also serves on the boards of directors of NextEra Energy, Inc., Eaton Corporation, and Solventum Corporation. Mr. Wilson has a B.A. degree in Business Administration from Baldwin Wallace College and an M.B.A. from Indiana University.<br>Mr. Wilson brings to our Board expertise in general management, regulated industry, sales and marketing, strategic planning, technology/digital, sustainability, human capital management, and government/regulatory affairs. | Mr. Wilson is the Founder, Chairman and President of The Wilson Collective, a business advisory and investment firm that invests in startup companies and provides resources and advisory services to a broad base of global clients, since founding the organization in 2018. Previously, Mr. Wilson spent more than 30 years in global leadership roles, with 25 years at General Electric Company ("GE") and five years with British Petroleum North America. At GE, he held a number of leadership positions of increasing responsibility including Vice President, Commercial of GE Power, a business of GE, from June 2017 until his retirement in December 2017, Vice President and Chief Commercial Officer of GE Energy Connections from January 2016 to June 2017, Vice President and Chief Commercial Officer of GE Distributed Power from January 2013 to January 2016 and President and Chief Executive Officer of GE Aeroderivative Products from July 2008 to January 2013. Other prior responsibilities include serving as the President and Chief Executive Officer of GE Consumer and Industrial, Asia-Pacific and India based in Shanghai, China. Mr. Wilson also serves on the boards of directors of NextEra Energy, Inc., Eaton Corporation, and Solventum Corporation. Mr. Wilson has a B.A. degree in Business Administration from Baldwin Wallace College and an M.B.A. from Indiana University.<br>Mr. Wilson brings to our Board expertise in general management, regulated industry, sales and marketing, strategic planning, technology/digital, sustainability, human capital management, and government/regulatory affairs. | Mr. Wilson is the Founder, Chairman and President of The Wilson Collective, a business advisory and investment firm that invests in startup companies and provides resources and advisory services to a broad base of global clients, since founding the organization in 2018. Previously, Mr. Wilson spent more than 30 years in global leadership roles, with 25 years at General Electric Company ("GE") and five years with British Petroleum North America. At GE, he held a number of leadership positions of increasing responsibility including Vice President, Commercial of GE Power, a business of GE, from June 2017 until his retirement in December 2017, Vice President and Chief Commercial Officer of GE Energy Connections from January 2016 to June 2017, Vice President and Chief Commercial Officer of GE Distributed Power from January 2013 to January 2016 and President and Chief Executive Officer of GE Aeroderivative Products from July 2008 to January 2013. Other prior responsibilities include serving as the President and Chief Executive Officer of GE Consumer and Industrial, Asia-Pacific and India based in Shanghai, China. Mr. Wilson also serves on the boards of directors of NextEra Energy, Inc., Eaton Corporation, and Solventum Corporation. Mr. Wilson has a B.A. degree in Business Administration from Baldwin Wallace College and an M.B.A. from Indiana University.<br>Mr. Wilson brings to our Board expertise in general management, regulated industry, sales and marketing, strategic planning, technology/digital, sustainability, human capital management, and government/regulatory affairs. |

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36<br>

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

**BARBARA A. YASTINE**

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| | | |
|:---|:---|:---|
| ![img156862050_23.gif](img156862050_23.gif) | **Board Committees:**<br>Compensation (Chair)<br>Audit<br>Executive | **Public Directorships:**<br>AXIS Capital Holdings Limited<br>Zions Bancorporation<br>Alkami Technology, Inc.  |
| <br>Former Chairman, President and CEO, Ally Bank<br>Age: 66<br>Director Since December 2010<br>Independent | **Top Relevant Competencies:**<br>-Regulated Industry <br>-Technology/Digital<br>-Capital Markets/Asset & Wealth Management<br>-Human Capital Management<br>-Enterprise Risk Management | **Former Public Directorships:**<br>First Data Corporation  |
| Ms. Yastine served as Co-Chief Executive Officer of Lebenthal Holdings LLC, a private asset management firm, from September 2015 to June 2016. She previously served as Chair, President and Chief Executive Officer of Ally Bank from March 2012 to September 2015 and as Chair of Ally Bank and Chief Administrative Officer of Ally Financial Inc. ("Ally Financial") from May 2010 to March 2012. Prior to joining Ally Financial, she served as a Principal of Southgate Alternative Investments beginning in June 2007. She served as Chief Financial Officer for investment bank Credit Suisse First Boston from October 2002 to August 2004. From 1987 through 2002, Ms. Yastine worked at Citigroup and its predecessor companies in various roles including Chief Auditor and Chief Financial Officer of its Consumer Finance and Corporate and Investment Bank businesses. Ms. Yastine also serves on the board of directors of AXIS Capital Holdings Limited, Zions Bancorporation, and Alkami Technology, Inc. She served on the board of directors of First Data Corporation from September 2016 to July 2019. She received a B.A. degree in Journalism and an M.B.A. from New York University.<br>Ms. Yastine brings to our Board expertise in general management, regulated industry, capital markets/asset and wealth management, human capital management and enterprise risk management. In particular, our Board considered her significant experience in a broad range of consumer financial services companies and her consumer-facing digital experience. | Ms. Yastine served as Co-Chief Executive Officer of Lebenthal Holdings LLC, a private asset management firm, from September 2015 to June 2016. She previously served as Chair, President and Chief Executive Officer of Ally Bank from March 2012 to September 2015 and as Chair of Ally Bank and Chief Administrative Officer of Ally Financial Inc. ("Ally Financial") from May 2010 to March 2012. Prior to joining Ally Financial, she served as a Principal of Southgate Alternative Investments beginning in June 2007. She served as Chief Financial Officer for investment bank Credit Suisse First Boston from October 2002 to August 2004. From 1987 through 2002, Ms. Yastine worked at Citigroup and its predecessor companies in various roles including Chief Auditor and Chief Financial Officer of its Consumer Finance and Corporate and Investment Bank businesses. Ms. Yastine also serves on the board of directors of AXIS Capital Holdings Limited, Zions Bancorporation, and Alkami Technology, Inc. She served on the board of directors of First Data Corporation from September 2016 to July 2019. She received a B.A. degree in Journalism and an M.B.A. from New York University.<br>Ms. Yastine brings to our Board expertise in general management, regulated industry, capital markets/asset and wealth management, human capital management and enterprise risk management. In particular, our Board considered her significant experience in a broad range of consumer financial services companies and her consumer-facing digital experience. | Ms. Yastine served as Co-Chief Executive Officer of Lebenthal Holdings LLC, a private asset management firm, from September 2015 to June 2016. She previously served as Chair, President and Chief Executive Officer of Ally Bank from March 2012 to September 2015 and as Chair of Ally Bank and Chief Administrative Officer of Ally Financial Inc. ("Ally Financial") from May 2010 to March 2012. Prior to joining Ally Financial, she served as a Principal of Southgate Alternative Investments beginning in June 2007. She served as Chief Financial Officer for investment bank Credit Suisse First Boston from October 2002 to August 2004. From 1987 through 2002, Ms. Yastine worked at Citigroup and its predecessor companies in various roles including Chief Auditor and Chief Financial Officer of its Consumer Finance and Corporate and Investment Bank businesses. Ms. Yastine also serves on the board of directors of AXIS Capital Holdings Limited, Zions Bancorporation, and Alkami Technology, Inc. She served on the board of directors of First Data Corporation from September 2016 to July 2019. She received a B.A. degree in Journalism and an M.B.A. from New York University.<br>Ms. Yastine brings to our Board expertise in general management, regulated industry, capital markets/asset and wealth management, human capital management and enterprise risk management. In particular, our Board considered her significant experience in a broad range of consumer financial services companies and her consumer-facing digital experience. |

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Primerica 2026 Proxy Statement 37

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

Director Qualifications

Set forth below is a chart that highlights certain skills and experiences of the director nominees, along with the reasons such expertise is desired for our Board.

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| | | | | |
|:---|:---|:---|:---|:---|
| ![img156862050_24.jpg](img156862050_24.jpg) | ![img156862050_25.jpg](img156862050_25.jpg) | ![img156862050_26.jpg](img156862050_26.jpg) | ![img156862050_27.jpg](img156862050_27.jpg) | ![img156862050_28.jpg](img156862050_28.jpg) |
| No experience/knowledge | Some experience/knowledge | Moderate experience/knowledge | Strong experience/knowledge | Top strength |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Area of Expertise** | **Business Rationale for Expertise** | Addison | Babbit | Cottle | Day | Dheer | D. Williams | G. Williams | Wilson | Yastine |
| C-Suite Leadership | &nbsp;&nbsp;Ensures that directors have experience executing strategy while understanding the multitude of competing priorities. | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) |
| Regulated Industry | &nbsp;&nbsp;Integral to understanding the special issues facing companies in highly regulated industries. | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_30.jpg](img156862050_30.jpg) | ![img156862050_31.jpg](img156862050_31.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_32.jpg](img156862050_32.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) | ![img156862050_29.jpg](img156862050_29.jpg) |
| Financial Literacy | &nbsp;&nbsp;Provides strong oversight of the Company's financial performance and reporting and related internal controls. | ![img156862050_33.jpg](img156862050_33.jpg) | ![img156862050_34.jpg](img156862050_34.jpg) | ![img156862050_35.jpg](img156862050_35.jpg) | ![img156862050_36.jpg](img156862050_36.jpg) | ![img156862050_37.jpg](img156862050_37.jpg) | ![img156862050_38.jpg](img156862050_38.jpg) | ![img156862050_39.jpg](img156862050_39.jpg) | ![img156862050_40.jpg](img156862050_40.jpg) | ![img156862050_41.jpg](img156862050_41.jpg) |
| Sales and Marketing | &nbsp;&nbsp;Key component of the Company's business model and integral to the execution of its mission. | ![img156862050_42.jpg](img156862050_42.jpg) | ![img156862050_43.jpg](img156862050_43.jpg) | ![img156862050_44.jpg](img156862050_44.jpg) | ![img156862050_45.jpg](img156862050_45.jpg) | ![img156862050_46.jpg](img156862050_46.jpg) | ![img156862050_47.jpg](img156862050_47.jpg) | ![img156862050_48.jpg](img156862050_48.jpg) | ![img156862050_48.jpg](img156862050_48.jpg) | ![img156862050_49.jpg](img156862050_49.jpg) |
| Strategic Planning | &nbsp;&nbsp;Critical to drive the strategic direction and growth of the Company. | ![img156862050_50.jpg](img156862050_50.jpg) | ![img156862050_51.jpg](img156862050_51.jpg) | ![img156862050_52.jpg](img156862050_52.jpg) | ![img156862050_53.jpg](img156862050_53.jpg) | ![img156862050_54.jpg](img156862050_54.jpg) | ![img156862050_55.jpg](img156862050_55.jpg) | ![img156862050_56.jpg](img156862050_56.jpg) | ![img156862050_57.jpg](img156862050_57.jpg) | ![img156862050_58.jpg](img156862050_58.jpg) |
| Technology/Digital | &nbsp;&nbsp;Integral to the execution of the Company's mission and a key strategic enabler. | ![img156862050_59.jpg](img156862050_59.jpg) | ![img156862050_60.jpg](img156862050_60.jpg) | ![img156862050_61.jpg](img156862050_61.jpg) | ![img156862050_62.jpg](img156862050_62.jpg) | ![img156862050_63.jpg](img156862050_63.jpg) | ![img156862050_64.jpg](img156862050_64.jpg) | ![img156862050_65.jpg](img156862050_65.jpg) | ![img156862050_66.jpg](img156862050_66.jpg) | ![img156862050_67.jpg](img156862050_67.jpg) |
| Cybersecurity | &nbsp;&nbsp;Integral to understanding and overseeing the Company's cybersecurity threat landscape and practices with respect to information protection. | ![img156862050_68.jpg](img156862050_68.jpg) | ![img156862050_69.jpg](img156862050_69.jpg) | ![img156862050_70.jpg](img156862050_70.jpg) | ![img156862050_71.jpg](img156862050_71.jpg) | ![img156862050_72.jpg](img156862050_72.jpg) | ![img156862050_73.jpg](img156862050_73.jpg) | ![img156862050_74.jpg](img156862050_74.jpg) | ![img156862050_75.jpg](img156862050_75.jpg) | ![img156862050_76.jpg](img156862050_76.jpg) |
| Capital Markets/Asset & Wealth Management | &nbsp;&nbsp;Expertise in capital markets, investment management, and/or wealth advisory services, including knowledge of market structure and investment production distribution, relevant to the ISP business. | ![img156862050_77.jpg](img156862050_77.jpg) | ![img156862050_78.jpg](img156862050_78.jpg) | ![img156862050_79.jpg](img156862050_79.jpg) | ![img156862050_80.jpg](img156862050_80.jpg) | ![img156862050_81.jpg](img156862050_81.jpg) | ![img156862050_82.jpg](img156862050_82.jpg) | ![img156862050_83.jpg](img156862050_83.jpg) | ![img156862050_84.jpg](img156862050_84.jpg) | ![img156862050_83.jpg](img156862050_83.jpg) |
| Sustainability | &nbsp;&nbsp;Expertise in identifying, implementing, and/or managing sustainability initiatives is integral to the long-term execution of the Company's business. | ![img156862050_85.jpg](img156862050_85.jpg) | ![img156862050_86.jpg](img156862050_86.jpg) | ![img156862050_87.jpg](img156862050_87.jpg) | ![img156862050_88.jpg](img156862050_88.jpg) | ![img156862050_89.jpg](img156862050_89.jpg) | ![img156862050_90.jpg](img156862050_90.jpg) | ![img156862050_84.jpg](img156862050_84.jpg) | ![img156862050_91.jpg](img156862050_91.jpg) | ![img156862050_92.jpg](img156862050_92.jpg) |
| Human Capital<br>Management | &nbsp;&nbsp;Expertise in compensating, attracting and retaining top talent, creating talent development programs and succession planning is integral to the Company's long-term success. This skill also ensures compensation and benefits discourage imprudent risk taking and are aligned with stockholder interests. | ![img156862050_93.jpg](img156862050_93.jpg) | ![img156862050_94.jpg](img156862050_94.jpg) | ![img156862050_95.jpg](img156862050_95.jpg) | ![img156862050_96.jpg](img156862050_96.jpg) | ![img156862050_97.jpg](img156862050_97.jpg) | ![img156862050_98.jpg](img156862050_98.jpg) | ![img156862050_99.jpg](img156862050_99.jpg) | ![img156862050_100.jpg](img156862050_100.jpg) | ![img156862050_99.jpg](img156862050_99.jpg) |
| Corporate Governance | &nbsp;&nbsp;Understanding of corporate governance practices and the dynamics and operation of a corporate board, management accountability and protecting stockholder interests as a result of experience as a senior executive and/or on the board of a public company (other than Primerica). | ![img156862050_101.jpg](img156862050_101.jpg) | ![img156862050_101.jpg](img156862050_101.jpg) | ![img156862050_101.jpg](img156862050_101.jpg) | ![img156862050_102.jpg](img156862050_102.jpg) | ![img156862050_101.jpg](img156862050_101.jpg) | ![img156862050_101.jpg](img156862050_101.jpg) | ![img156862050_101.jpg](img156862050_101.jpg) | ![img156862050_102.jpg](img156862050_102.jpg) | ![img156862050_102.jpg](img156862050_102.jpg) |
| Enterprise Risk<br>Management | &nbsp;&nbsp;Integral to overseeing the Company's ERM framework and understanding the risks facing the Company. | ![img156862050_103.jpg](img156862050_103.jpg) | ![img156862050_104.jpg](img156862050_104.jpg) | ![img156862050_102.jpg](img156862050_102.jpg) | ![img156862050_105.jpg](img156862050_105.jpg) | ![img156862050_106.jpg](img156862050_106.jpg) | ![img156862050_107.jpg](img156862050_107.jpg) | ![img156862050_108.jpg](img156862050_108.jpg) | ![img156862050_102.jpg](img156862050_102.jpg) | ![img156862050_102.jpg](img156862050_102.jpg) |
| Government/<br>Regulatory Affairs | &nbsp;&nbsp;Integral to the Company's ability to navigate and influence pending regulation. | ![img156862050_109.jpg](img156862050_109.jpg) | ![img156862050_110.jpg](img156862050_110.jpg) | ![img156862050_111.jpg](img156862050_111.jpg) | ![img156862050_112.jpg](img156862050_112.jpg) | ![img156862050_113.jpg](img156862050_113.jpg) | ![img156862050_114.jpg](img156862050_114.jpg) | ![img156862050_115.jpg](img156862050_115.jpg) | ![img156862050_116.jpg](img156862050_116.jpg) | ![img156862050_117.jpg](img156862050_117.jpg) |

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38<br>

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Tenure/Age/Gender** | Addison | Babbit | Cottle | Day | Dheer | D. Williams | G. Williams | D. Wilson | Yastine |
| Years on the Board | 16 | 14 | 4 | 12 | 6 | 16 | 11 | 2 | 15 |
|  | 68 |  |  |  |  |  |  |  |  |
|  |  | 72 |  |  |  |  |  |  |  |
| Age | 68 | 72 | 55 | 60 | 66 | 69 | 66 | 62 | 66 |
| Gender | M | M | F | F | M | M | M | M | F |
| **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** | **Race/Ethnicity** |
| African American/Black |  |  |  | •  |  |  |  | •  |  |
| Hispanic, Latinx or Spanish Origin |  |  |  |  |  |  |  |  |  |
| White/Caucasian | •  | •  | •  |  |  | •  | •  |  | •  |
| Asian/South Asian |  |  |  |  | •  |  |  |  |  |
| American Indian/Native American |  |  |  |  |  |  |  |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| ![img156862050_118.gif](img156862050_118.gif) | ![img156862050_119.gif](img156862050_119.gif) | ![img156862050_120.gif](img156862050_120.gif) | ![img156862050_121.gif](img156862050_121.gif) |

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Board Meetings

During fiscal 2025, our Board held four meetings. Each director attended 88% or more, collectively, of the meetings of our Board and its committees on which he or she served during fiscal 2025. We expect our directors to attend each of the Company's Annual Meeting of Stockholders absent extraordinary circumstances, and each director attended the 2025 Annual Meeting.

Director Service on Other Public Boards (Overboarding Policy)

Our Corporate Governance Guidelines state that directors shall limit other board memberships to a number which permits them, given their individual circumstances, to responsibly perform all of their director duties, with no director serving on the board of more than four publicly traded companies (inclusive of our Board). This is to ensure that our directors devote adequate time for preparation and attendance at Board and committee meetings, as well as the Company's Annual Meeting of Stockholders. In addition, our Corporate Governance Guidelines prohibit members of the Audit Committee from serving on more than three public company audit committees, including the Company's Audit Committee, recognizing the significant time and oversight responsibilities associated with audit committee service.

Our Corporate Governance Guidelines also state that if a director has a substantial change in professional responsibilities, occupation or business association, he or she should notify the Corporate Governance Committee and offer his or her resignation from the Board. The Corporate Governance Committee will evaluate the facts and circumstances and make a recommendation to the Board whether to accept the resignation or request that the director continue to serve on the Board. If a director assumes a significant role in a not-for-profit entity, then he or she should promptly notify the Corporate Governance Committee.

Primerica 2026 Proxy Statement 39

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

The Corporate Governance Committee reviews the public, private and/or not-for-profit board memberships of each Board member at least annually in connection with their respective nomination by the Board and as needed throughout the year when directors consider additional commitments or when circumstances change. In addition, director nominees are asked annually to certify that they expect to be able to devote sufficient time to fulfill their duties as a director.

Board Committees

Our Board has four standing committees that assist it in carrying out its duties – the Audit Committee, the Compensation Committee, the Corporate Governance Committee and the Executive Committee. The charter of each committee is available in the Governance section of our investor relations website at *https:*//*investors.primerica.com* and may be obtained, without charge, by contacting the Corporate Secretary, Primerica, Inc., One Primerica Parkway Duluth, Georgia 30099.

The following chart shows the membership of each of our Board's standing committees during fiscal 2025 and through the date of this Proxy Statement:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Audit** | **Compensation** | **Corporate <br>Governance** | **Executive** |
| John A. Addison, Jr. |  |  |  |  |
| Joel M. Babbit (I) |  | •  |  |  |
| Amber Cottle (I) |  |  | •  |  |
| Gary L. Crittenden (LD) (I) | Chair (F) | •  |  | •  |
| Cynthia N. Day (I) | • (F) |  | Chair | •  |
| Sanjeev Dheer (I) | •  | •  |  |  |
| Beatriz R. Perez (I) |  |  | •  |  |
| Darryl L. Wilson (I) |  |  | •  |  |
| D. Richard Williams (\*) |  |  |  | Chair |
| Glenn J. Williams |  |  |  | •  |
| Barbara A. Yastine (I) | • (F) | Chair |  | •  |
| Number of meetings in fiscal 2025 | 9 | 6 | 5 | 0 |

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\* – Chairman of the Board

LD – Lead Director

I – Independent Director

F – Audit Committee Financial Expert

The key responsibilities of each of the Board's standing committees are described below:

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| | |
|:---|:---|
| **Committee** | &nbsp;&nbsp;&nbsp;**Key Responsibilities** |
| Audit <br>Committee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Retains and terminates the Company's independent registered public accounting firm and approves its services and fees<br>• Assists our Board in fulfilling its responsibility to our stockholders relating to the financial reporting process and systems of internal control<br>• Determines whether the Company's financial systems and reporting practices were established in accordance with applicable requirements<br>• Ensures management has established procedures relating to the handling of any complaints received by the Company regarding accounting, internal controls, or  |

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40<br>

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

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| | |
|:---|:---|
| **Committee** | &nbsp;&nbsp;&nbsp;**Key Responsibilities** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;auditing matters, and the confidential, anonymous submission by Company employees of concerns regarding questionable accounting or auditing matters<br>• Oversees the Company's internal audit, risk, and compliance functions<br>See "Audit Matters – Audit Committee Report." |
| Compensation <br>Committee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Approves and oversees the administration of the Company's material benefit plans, policies and programs, including all of the Company's equity plans and employee incentive plans<br>• Reviews and approves principal elements of total compensation for the Company's executive officers and approves executive officer employment agreements<br>• Reviews and recommends to the full Board the compensation of non-employee directors<br>• Discusses, evaluates and reviews the Company's policies and practices of compensating its employees, including non-executive officers, as they relate to risk management practices and risk-taking incentives<br>• Delegates to our Chief Executive Officer and President the authority to issue equity awards to the independent sales force and certain employees, subject to applicable limits<br>• Administers the Company's Incentive Compensation Recovery Policy<br>See "Executive Compensation." |
| Corporate <br>Governance <br>Committee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shapes corporate governance policies and practices, including recommending to our Board the Corporate Governance Guidelines applicable to the Company and monitoring the Company's compliance with such policies, practices and guidelines<br>• Identifies individuals qualified to become Board members and recommends to our Board the director nominees to be considered for election at the next Annual Meeting of Stockholders<br>• Leads our Board and all committees in the annual self-assessments of their performance <br>• Oversees executive succession planning and talent development, our political action committee, and our government relations strategy<br>• Oversees the Company's social, environmental and sustainability initiatives<br>See "Governance." |
| Executive <br>Committee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exercises all powers and authority of the Board during the intervals between regularly scheduled Board meetings on time-sensitive matters or matters that do not merit the calling of a special meeting of the Board |

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Director Compensation

The Compensation Committee is responsible for reviewing and considering any revisions to director compensation. The Compensation Committee typically reviews a competitive market analysis of director compensation prepared by its independent compensation consultant at least biannually as part of its process of evaluating and setting compensation for non-employee directors. See "Executive Compensation – Compensation Discussion and Analysis (CD&A) – the Compensation Setting Process –

Primerica 2026 Proxy Statement 41

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

Compensation Consultant" for a discussion of the role of the Compensation Committee's compensation consultant and its evaluation of potential conflicts of interest.

The Compensation Committee does not seek to benchmark or set compensation at any specific level relative to the peer data. Instead, the Compensation Committee uses this information primarily as background with respect to compensation plan design decisions and as a general reference point for pay levels. For a list of the peer companies and a description of how they were selected, see "Executive Compensation – Compensation Discussion and Analysis (CD&A) – The Compensation Setting Process – Use of a Peer Group."

Our Board reviews the Compensation Committee's recommendations and determines the amount of director compensation annually. Executive officers have no role in determining or recommending director compensation. Our Board has determined that compensation for non-employee directors should be a mix of cash and equity-based compensation, with a higher portion of compensation in the form of equity. This ensures that the interests of our non-employee directors are aligned with the interests of our stockholders. In addition, non-employee directors are subject to stock ownership guidelines. See "– Director Stock Ownership Guidelines."

Directors who are employees of Primerica do not receive any fees or additional compensation for their service on our Board. The Board approved the following compensation program for non-employee directors for fiscal 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Board/Committee** | **2025 Non-Employee Director Compensation** <sup>(1)</sup> | **2025 Non-Employee Director Compensation** <sup>(1)</sup> | **2025 Non-Employee Director Compensation** <sup>(1)</sup> | **2025 Non-Employee Director Compensation** <sup>(1)</sup> |
| Board | Annual Cash Retainer | $100000 | Annual RSU Award <sup>(2)</sup> | $150000<br><sup>(3)</sup> |
| Audit | Annual Chair Cash Fee | $30000<br><sup>(4)</sup> | Annual Member Cash Fee | $15000 |
| Compensation | Annual Chair Cash Fee | $20000 | Annual Member Cash Fee | $10000 |
| Corporate Governance | Annual Chair Cash Fee | $20000 | Annual Member Cash Fee | $10000 |

---

(1)All cash retainers and cash fees are paid in quarterly installments.

(2)The RSUs vest in four quarterly installments and delivery of the shares underlying the RSUs is made on the applicable vesting date. For the valuation assumptions underlying the awards, see Note 1 to the Company's audited financial statements for fiscal 2025 included in the 2025 Annual Report.

(3)In November 2025, the Board of Directors increased the annual RSU award to $180,000 effective for fiscal 2026.

(4)In November 2025, the Board of Directors increased the annual Audit Committee Chair cash fee to $35,000 effective for fiscal 2026.

In addition, the Lead Director receives an annual cash fee of $25,000 and the Chairman of the Board receives an annual cash fee of $100,000. The Company reimburses all directors for travel and other related expenses in connection with attending Board and committee meetings and Board-related activities.

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

*Director Compensation Table* 

The following table shows fiscal 2025 compensation for each of our non-employee directors:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Fees Earned or Paid in Cash** <sup>(1)</sup> | **Stock Awards** <sup>(2)</sup> | **All Other<br>Compensation** <sup>(3)</sup> | **Total** |
| John A. Addison, Jr. | $100000 | $149758 | $101470 | $351227 |
| Joel M. Babbit | $110000 | $149758<br><sup>(4)</sup> | $1470 | $261227 |
| Amber L. Cottle | $110000 | $149758<br><sup>(4)</sup> | $1470 | $261227 |
| Gary L. Crittenden | $165000 | $149758<br><sup>(4)</sup> | $1470 | $316227 |
| Cynthia N. Day | $135000 | $149758<br><sup>(4)</sup> | $1470 | $286227 |
| Sanjeev Dheer | $125000 | $149758 | $1470 | $276227 |
| Beatriz R. Perez | $110000 | $149758<br><sup>(4)</sup> | $1470 | $261227 |
| D. Rick Williams | $200000 | $149758<br><sup>(4)</sup> | $1470 | $351227 |
| Darryl L. Wilson | $110000 | $149758 | $1470 | $261227 |
| Barbara A. Yastine | $135000 | $149758 | $1470 | $286227 |

---

(1)Includes the cash portion of the annual retainer as well as fees for Lead Director, Chairman and Committee Chair roles and committee service.

(2)Each non-employee director was granted 552 RSUs, representing the number of whole shares of our common stock (or, at the director's election, deferred stock units) equal to $150,000 divided by $271.30 (the closing price per share of our common stock on the trading day immediately preceding the grant date of May 14, 2025). At December 31, 2025, each such non-employee director had 276 unvested RSUs (or, if he or she so elected, deferred stock units).

(3)Represents dividends paid on unvested equity awards and, for Mr. Addison, consulting fees. Omits perquisites and other personal benefits as these amounts did not exceed $10,000 for any director.

(4)Elected to receive equity compensation in 2025 in the form of deferred stock units under the Nonemployee Directors' Deferred Compensation Plan. See "— Deferred Compensation."

At December 31, 2025, our non-employee directors each held 276 unvested equity awards that had been granted on May 14, 2025. As of December 31, 2025, these awards had a market value of $71,307 based on the closing price per share of our common stock on that date of $258.36. All RSUs and deferred stock units granted in fiscal 2025 vest in equal installments on the three-month, six-month, nine-month and twelve-month anniversary of the grant date (or, if earlier, the final tranche vests on the date of the Company's Annual Meeting of Stockholders in the year following the year of grant).

*Deferred Compensation* 

Our Board adopted the Nonemployee Directors' Deferred Compensation Plan in November 2010, under which non-employee directors may elect to defer all or a portion of their directors' fees. At the director's option, we convert all or a portion of his or her cash fees otherwise payable during a calendar quarter to deferred stock units equal in number to the maximum number of shares of our common stock, or fraction thereof (to the nearest one hundredth (1/100) of one share), which could be purchased with the dollar amount of such fees at the closing price per share of our common stock on the last trading day of the calendar quarter. These deferred stock units will be fully vested on such date.

At the director's option, we credit his or her deferral account with deferred stock units equal in number to the number of equity awards to which the director was otherwise entitled. Any deferred stock units that are issued upon deferral of equity awards are subject to the same vesting provisions as the equity awards themselves. We also credit the deferral account with deferred stock units equal in number to the maximum number of shares of our common stock, or fraction thereof (to the nearest one hundredth

Primerica 2026 Proxy Statement 43

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BOARD OF DIRECTORS

![img156862050_7.jpg](img156862050_7.jpg)

(1/100) of one share), which could have been purchased with the cash dividend, if any, which would have been payable had the participant received restricted stock awards to which he or she was otherwise entitled. The deferred stock units credited in lieu of the payment of dividends on equity awards are fully vested on the dividend payment date.

We pay all deferred compensation in the form of our common stock, at the director's election, within 60 days of termination of Board service or, in the case of an installment election, within 60 days of termination of Board service and up to five anniversaries of such date.

During fiscal 2025, Messrs. Babbit, Crittenden, and R. Williams, and Ms. Cottle, Ms. Day and Ms. Perez, deferred director compensation into the Nonemployee Directors' Deferred Compensation Plan.

*Director Stock Ownership Guidelines* 

Our non-employee directors are required to own shares with a value at least equal to five times their annual cash retainer. In determining compliance with these guidelines, stock ownership includes shares beneficially owned by the director (or by immediate family members) and unvested RSUs and deferred stock units. The non-employee directors have five years from the date of their initial election to our Board to achieve the targeted level of stock ownership. Except with respect to Mr. Wilson, who joined our Board in February 2024 and has until February 2029 to meet the required ownership guidelines, the stock ownership of each of our non-employee directors exceeds the required ownership guidelines.

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EXECUTIVE COMPENSATION

![img156862050_122.jpg](img156862050_122.jpg)

Compensation Committee Message

To Our Fellow Stockholders,

Fiscal 2025 was another year of progress and solid performance for Primerica and our management team. Adjusted operating revenues increased 8.4%, adjusted net operating income grew 10.4%, ROAE was a robust 33.1% and the number of life-licensed independent sales representatives remained over 151,000. These measures are the performance measures for our short-term incentive plan. Except for the size of the life-licensed sales force, they all exceeded our targets for fiscal 2025, earning our executive officers, as well as the over 350 officers and assistant vice presidents, a bonus payout equal to 127.8% of target.

While we believe that markets reward consistent performance over the long term, that is not always the case in the short term. Despite solid underlying fundamentals, our total stockholder return for fiscal 2025 was -3.3%. However, for the five-year period from January 1, 2021 through December 31, 2025, TSR was 107.1%, well above the S&P 400 MidCap Index return of 54.7% and consistent with the S&P 500 Insurance Index return of 109.9%. Further, in 2025 the Company returned over $595 million to stockholders through dividends and common share repurchases, a 10.6% increase compared to the $538 million returned to stockholders in 2024.

**<u>Short-Term Incentives</u>**

Our short-term incentive plan uses solely the four corporate performance measures cited above for our executive officers and a blend of the corporate performance metrics and individual performance for other officers and key employees. The performance targets are based on the Board's expectations for the year. The short-term incentive plan also includes a +/-20% modifier for the executive officers, whereby the Compensation Committee can adjust an individual's calculated payout up or down by up to 20%.

Each year, the Compensation Committee considers whether the measures used for the short-term incentive plan, their weightings and the overall framework continue to be fit-for-purpose and provide the right incentives to drive performance. Following these deliberations, the Committee made no changes to the short-term incentive plan for 2026.

**<u>Long-Term Incentives</u>**

Each of our executive officers also receives long-term incentives in the form of annual equity awards of RSUs and PSUs, each constituting 50% of the total grant value. The RSUs are time-vested ratably over three years, while the PSUs have a three-year cliff vest tied to performance. There are two equally weighted metrics used to measure performance for the PSUs: average ROAE and average annual EPS growth. Again, the performance targets are based on Board expectations that are reasonable but challenging. After several discussions, the Compensation Committee made no changes to the long-term incentive plan for 2026.

The performance period for the February 2023 PSU awards to our executive officers ended on December 31, 2025, and the PSU awards were paid out in March 2026. The number of shares of our common stock ultimately delivered represented 148.5% of the number of originally granted PSUs. Average ROAE for the three-year performance period and average annual adjusted operating EPS growth were both above the target value. The total economic payout of the 2023 PSUs benefited meaningfully from the increase in our stock price from $185.24 on February 27, 2023 (the trading day immediately preceding the grant date) to $258.36 on December 31, 2025.

Primerica 2026 Proxy Statement 45

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

Giving effect to both the achievement during the performance period and the increase in the market price of our common stock during the performance period, the total payout of the 2023 awards was 215.6% of the original grant value.

**<u>Executive Compensation Actions</u>**

As reported in the proxy statements for the Company's Annual Meeting of Stockholders held in 2023, 2024 and 2025, the Board agreed to the Chief Executive Officer's request to reduce his compensation by 20% beginning in September 2022, in response to the hardships being faced by middle income families as a result of elevated inflation. This reduction ceased as of January 1, 2025. As a result, beginning on January 1, 2025, the CEO's target level of total direct compensation – salary, short-term incentive target and long-term equity award target – has been restored to the 2022 level of $5.0 million, which was his target level of total direct compensation prior to the forfeiture.

Every other year, our compensation consultant provides the Compensation Committee with a deep dive into market compensation for our executive officers. As discussed in previous proxy statement messages, we use this data for reference to ensure that our executive officers are compensated appropriately. However, we also strongly consider the leadership team's long-term track record of creating stockholder value.

In connection with the March 2025 retirement of our long-tenured Chief Operating Officer, Mr. Gregory C. Pitts, the Compensation Committee agreed with Mr. G. Williams' recommendations to increase compensation targets for our two other executive officers, our President Mr. Schneider and our Chief Financial Officer Ms. Tan. The total target direct compensation for these executives has increased by a weighted average of 12.7% for 2025, including an average increase of 12.9% for short- and long-term incentives and 11.9% for base salary.

Our CEO is very thoughtful and forward-looking in his planning for executive successions, and we are very pleased with the 2025 progress. Our President, Chief Financial Officer and the other four members of the Executive Leadership Team<sup>1</sup> have all stepped up seamlessly to position Primerica for continued success.

We hope our fellow stockholders join us in looking forward to 2026. The Compensation Committee always welcomes input from fellow stockholders.

COMPENSATION COMMITTEE:

---

| |
|:---|
| ![img156862050_123.jpg](img156862050_123.jpg) |
| ![img156862050_124.jpg](img156862050_124.jpg) |
| ![img156862050_125.jpg](img156862050_125.jpg) |
| ![img156862050_126.jpg](img156862050_126.jpg) |

---

The subsections within this Executive Compensation section are intended to be read together, and each section provides information not included in the others. For background information on the Compensation Committee and its responsibilities, see "Board of Directors — Board Committees — Compensation Committee."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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(1)The other four members of our Executive Leadership Team do not have policy-making authority for the Corporation and as a result have not been designated as executive officers.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

In this Executive Compensation section, the terms "we," "our," and "us" refer to management, the Company and, as applicable, the Compensation Committee.

Primerica 2026 Proxy Statement 47

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

Compensation Discussion and Analysis (CD&A)

*Executive Officers* 

Our named executive officers ("NEOs") during fiscal 2025 were:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Name** | **Title** | &nbsp;&nbsp;&nbsp;&nbsp;**Years in Current Role** | **Company**<br>**Tenure** |
| ![img156862050_127.gif](img156862050_127.gif) | Glenn J. Williams | Chief Executive Officer | 11 years | 45 years |
| ![img156862050_128.gif](img156862050_128.gif) | Peter W. Schneider | President | 11 years | 25 years |
| ![img156862050_129.gif](img156862050_129.gif) | Tracy X. Tan | Executive Vice President and Chief Financial Officer  | 2 years | 2.5 years |

---

Messrs. G. Williams and Schneider and Ms. Tan constitute all of the Company's executive officers during 2025 and, as a result, additional executives are not listed. They are referred to throughout this Proxy Statement as our "executive officers", our "named executive officers" or our "NEOs."

*Total Stockholder Return* 

As shown in the tables below, the Company has delivered positive returns to stockholders over the long term and has consistently paid stockholder dividends and repurchased shares of our common stock. In fiscal 2025, over $595 million was returned in the form of dividends and share repurchases.

![img156862050_130.jpg](img156862050_130.jpg)

(1)Share repurchases were reduced in fiscal 2021 in order to fund the acquisition of e-TeleQuote Insurance, Inc. ("e-TeleQuote"), a Senior Health business that has since been discontinued.

(2)Includes open market repurchases as well as shares withheld for taxes and fees upon the vesting of employee equity awards.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

The following graph compares the performance of our common stock to the S&P MidCap 400 Index and the S&P 500 Insurance Index by assuming $100 was invested in each security as of December 31, 2020. The S&P MidCap 400 Index measures the performance of the United States middle-market capitalization equities sector. The S&P 500 Insurance Index is a capitalization-weighted index of domestic equities of insurance companies traded on the NYSE and NASDAQ. Our common stock is included in the S&P MidCap 400 Index.

![img156862050_131.jpg](img156862050_131.jpg)

*Fiscal 2025 Operating and Financial Results*

The following table illustrates the Company's performance in fiscal 2025 relative to its performance in fiscal 2024.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** | **Change** |
| Adjusted Operating Revenues <sup>(1)</sup> | $— | 3292.0 | $— | 3035.9 | 8.4% |
| Adjusted Net Operating Income <sup>(1)</sup> | $— | 751.4 | $— | 680.9 | 10.4% |
| Adjusted Net Operating Income Return on Adjusted<br> Stockholders' Equity (ROAE) <sup>(1)</sup> |  | 33.1% |  | 31.2% | \* |
| Diluted Adjusted Operating Earnings Per Share <sup>(1)</sup> | $— | 22.92 | $— | 19.84 | 15.5%<sup>(2)</sup> |
| Size of Life-Licensed Sales Force at Fiscal Year End |  | 151524 |  | 151611 | (0.1)% |
| Market Price Per Share at Fiscal Year End | $— | 258.36 | $— | 271.42 | (4.8)% |
| Total Stockholder Return <sup>(3)</sup> |  | (3.3)% |  | 33.6% |  |

---

\* Not applicable

(1)Includes financial results that were not prepared in accordance with GAAP. See "Reconciliation of GAAP and Non-GAAP Financial Measures" in Exhibit A to this Proxy Statement for a reconciliation to GAAP results.

(2)Percentage change is calculated prior to rounding per share amounts.

(3)Includes dividends of $4.16 per share in 2025 and $3.30 per share in 2024.

Primerica 2026 Proxy Statement 49

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Fiscal 2025 Executive Compensation* 

The total compensation paid to our named executive officers for fiscal 2025, as set forth under "— Compensation Tables – Summary Compensation Table", is shown below. The Compensation Committee believes that historical compensation trends demonstrate its focus on the alignment of pay and performance.

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Total Fiscal 2025<br>Compensation** |
| Glenn J. Williams | Chief Executive Officer | $5638658 |
| Peter W. Schneider | President | $4028346 |
| Tracy X. Tan | Executive Vice President and Chief Financial Officer | $2581705 |

---

*Executive Compensation Practices* 

The chart below indicates certain highlights of our executive compensation program:

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| | |
|:---|:---|
| **We Do** | &nbsp;&nbsp;&nbsp;**We Do Not** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**✓** Base a majority of total compensation on performance<br>**✓** Set annual corporate performance targets based on objective performance measures<br>**✓** Vest equity awards over time to promote retention<br>**✓** Vest certain equity awards only upon the achievement of objective performance measures<br>**✓** Require executive officers and non-employee directors to hold our common stock through published stock ownership guidelines<br>**✓** Provide only double trigger change-of-control equity acceleration to executives who have change-of-control provisions<br>**✓** Prohibit pledging of our common stock<br>**✓** Make equity awards broadly throughout the organization, including on a performance basis to members of the independent sales force<br>**✓** Mitigate potential dilutive effect of equity awards through a corporate share repurchase program<br>**✓** Retain the right to adjust a portion of short-term incentive compensation to capture personal performance, including the impact of unanticipated events <br>**✓** Require a minimum notice period and transition cooperation for outstanding equity awards issued to executive officers and certain significant employees to vest upon retirement <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;✘ Permit hedging transactions or short sales by employees, officers or directors<br>✘ Provide significant perquisites<br>✘ Provide tax gross-ups for perquisites<br>✘ Offer a pension or supplemental executive retirement plan (SERP)<br>✘ Provide single trigger payments upon change of control<br>✘ Provide excise tax gross-ups upon change of control |

---

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Pay-for-Performance* 

The Compensation Committee structured our 2025 executive compensation program so that a meaningful percentage of compensation is tied to the achievement of challenging levels of both short-term and long-term corporate performance as well as meeting strategic objectives. More than half of the compensation paid to our Chief Executive Officer is in the form of long-term incentive equity compensation.

The charts below reflect the mix of salary, target short-term bonus, RSUs and PSUs (based on the fixed award value) as a percentage of total compensation for fiscal 2025 for our Chief Executive Officer and our other named executive officers (based on their aggregate compensation).

![img156862050_132.jpg](img156862050_132.jpg)

*Corporate Strategy*

The Company is a leading provider of financial products and services to middle-income households in the United States and Canada with 151,524 life-licensed independent sales representatives as of December 31, 2025. These licensed independent sales representatives assist our clients in meeting their needs for term life insurance, which we underwrite, and mutual funds, annuities, managed investments and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.1 million client investment accounts at December 31, 2025. Our business model uniquely positions us to reach underserved middle-income consumers in a cost-effective manner and has proven itself in both favorable and challenging economic environments.

Our purpose is to create financially independent families. Our strategic vision, in support of this purpose, is to build unparalleled financial services distribution capabilities that enable our clients, independent sales force, home office associates and stockholders to achieve their financial goals. The guiding principles that underlie our strategic vision are serving middle-income families, maximizing the success of the independent sales force, preserving and strengthening our culture, and protecting our business model. Our corporate strategic plan includes the following growth pillars:

• Understand and solve the financial challenges faced by current and prospective clients;

• Enable leaders in the independent sales force to grow their teams and build new leaders, expanding our distribution capabilities across business lines;

• Expand representative and client digital experiences to create connected conversations with clients;

• Deepen our talent pool to ensure our success, now and in the future; and

• Proactively ensure the Company's image accurately reflects who we are.

Primerica 2026 Proxy Statement 51

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

We believe there is significant opportunity to expand our ability to serve our clients' financial services needs. We intend to leverage the independent sales force to meet such client needs, which will drive long-term value for all of our stakeholders.

*Short-Term Corporate Performance Objectives*

For purposes of short-term incentive compensation, corporate performance for fiscal 2025 was measured based on four separate objectives, which were derived from the Company's 2025 business plan and corporate strategy. The following table describes the corporate objectives and links each metric to the relevant components of the Company's strategy.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Corporate Objective** | **Rationale** | **Understand and Solve the Financial Challenges Faced by Current and Prospective Clients** | **Enable Independent Sales Force Leaders to Grow Their Teams and Build New Leaders, Expanding Our Distribution Capabilities Across Business Lines** | **Expand Representative and Client Digital Experiences to Create Connected Conversations** | **Deepen our Talent Pool to Ensure Our Success** | **Proactively Ensure the Company's Image Accurately Reflects Who We Are** |
| Adjusted Operating<br> Revenues | Reflects the sale and referrals of life, securities, and other products as well as the performance of our insurance in force and assets under management | •  | •  | •  | •  | •  |
| Adjusted Net<br>Operating Income | Reflects the overall success of the Company and is not impacted by management decisions on share repurchases | •  | •  | •  | •  | •  |
| Adjusted Net Operating Income Return on Adjusted Stockholders' Equity (ROAE) | Reflects net operating income performance, as well as the effectiveness of capital management strategies | •  | •  | •  | •  | •  |
| Size of Life-Licensed Sales Force at Fiscal Year End | Represents recruiting, licensing efficiency, turnover rates and long-term sustainability |  | •  | •  |  | •  |

---

The Board of Directors approves an annual business plan with financial and operational targets. The Compensation Committee typically ties the annual corporate performance targets to the metrics contained in that business plan. The 2025 corporate performance targets were set at levels that were intended to be challenging but achievable.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

The weighting of each objective was intended to emphasize areas on which the Compensation Committee expected the management team to focus its attention. Specifically, the size of the independent life-licensed sales force was given the highest weighting because the Board of Directors believes that this metric has historically driven the success of the business and the Compensation Committee sought to incentivize management to focus on initiatives to grow the size of the independent sales force. The Compensation Committee believes that this metric, which is at the heart of the Company's purpose to create financially independent families, reflects a "social" factor within the Company's sustainability efforts.

For all corporate performance metrics, payout levels at various levels of performance are as follows:

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| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Threshold Performance** <sup>(1)</sup> | &nbsp;&nbsp;**Target Performance** | &nbsp;&nbsp;**Maximum Performance** <sup>(2)</sup> |
| &nbsp;&nbsp;Payout Level | &nbsp;&nbsp;50% of Target | &nbsp;&nbsp;100% | &nbsp;&nbsp;200% of Target |

---

(1)Represents performance at 85% of target, or 90% for the size of the independent life-licensed sales force.

(2)Represents performance at 115% of target, or 110% for the size of the independent life-licensed sales force.

The payout is zero for results below threshold performance and, for results between threshold and maximum performance levels, the actual payout factor is interpolated. The Compensation Committee intentionally narrowed the performance band for the size of the independent life-licensed sales force metric compared to the other metrics because it believes that performance in only the narrower band would justify an incentive payout.

The graph below shows the actual results for the fiscal 2025 corporate performance metric at 127.8% of target and shows the corporate performance and targeted goal for each metric for fiscal 2025.

![img156862050_133.jpg](img156862050_133.jpg)

*Adjustments to Compensation Targets*

Financial measures for the short-term and long-term equity incentive programs are developed based on expectations about our planned activities and reasonable assumptions about the performance of our key business drivers for the applicable period. The Compensation Committee spends considerable time

Primerica 2026 Proxy Statement 53

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

determining appropriate targets for these programs and, because both the Compensation Committee and the Board of Directors believe that management is tasked with reacting appropriately to external challenges, the Compensation Committee is reluctant to change the measures of success during a performance period. As a result, the Compensation Committee does not expect to modify corporate performance targets absent extraordinary circumstances.

From time to time, however, discrete items or events may arise that were not contemplated by these plans or assumptions and that would result in inappropriate executive compensation payouts if such items or events were not given special consideration. Such items or events could include items such as changes in GAAP or the tax code, restructuring and write-off charges, and the impact of significant unplanned acquisitions or dispositions.

Under the Compensation Committee's adjustment guidelines, the Compensation Committee may adjust the calculation of financial results for incentive programs to eliminate the effect of the types of items or events described above. In making these adjustments, the Compensation Committee's policy is to seek to neutralize the impact of the unexpected or unplanned items or events, whether positive or negative, in order to provide consistent and equitable incentive payments that the Compensation Committee believes are reflective of Company performance. In considering whether to make a particular adjustment under its guidelines, the Compensation Committee will review whether the item or event was one for which management was responsible and accountable, treatment of similar items in prior periods, the extent of the item's or event's impact on the financial measure, and the item's or event's characteristics relative to normal and customary business practices.

*Adjustments to Short-Term Incentive Compensation*

No adjustments were made to short-term incentive compensation with respect to fiscal 2025. As previously disclosed, the Company exited the Senior Health business as of September 30, 2024 and, as a result, that segment's results were reported as discontinued operations and were excluded from the Company's fiscal 2024 operating results. In order to ensure that the financial targets used for executive compensation purposes in fiscal 2024 were consistent with the financial results as reported, the Compensation Committee approved adjusted fiscal 2024 targets in the fourth quarter of 2024. Adjustments were modest and included adjustments to equity targets to neutralize the impact to the Company's balance sheet of the exit of the Senior Health business. In addition, to neutralize the impact on incentive compensation of the receipt of $50 million in representation and warranty insurance proceeds in fiscal 2024 relating to the Company's 2021 acquisition of e-TeleQuote, the Compensation Committee increased the amount of the equity denominator that was used to calculate the short-term and PSU ROAE targets in fiscal 2024.

*Adjustments to PSUs*

The Compensation Committee similarly adjusted equity targets for the exit of the Senior Health business in connection with outstanding PSU awards issued in 2022, 2023 and 2024. Adjustments were modest and included adjustments to exclude the Senior Health business from targeted results in fiscal 2024 and beyond. In calculating the payout for the PSUs issued in 2022, the Compensation Committee elected to include the negative impact of the Senior Health business in actual results for 2022 and 2023. Similarly, in calculating the payout for the PSUs issued in 2023, the Compensation Committee elected to include the negative impact of the

Senior Health business in actual results for 2023.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Personal Performance Objectives* 

Each executive officer had personal performance objectives for fiscal 2025 that were approved by our Board of Directors. The goals support the Company's strategic objectives and include matters such as 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 2023-2025 PSU cycle were based on actual average ROAE compared to targeted average ROAE as well as actual average annual EPS growth compared to targeted average annual EPS growth during that three-year period. The performance achieved against the threshold, target and maximum payouts for the 2023-2025 PSU cycle, and the resulting percentage earned by our executive officers, are set forth below.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Threshold** | **Target** | **Maximum** | **ACTUAL** |
| Payout Factor | 50% | 100% | 150% | **148.5%** |
| ROAE Performance Range: | 90% of Target | 100% of Target | 110% of Target |  |
| Average Operating ROAE from 2023-2025 | 24.9% | 27.7% | 30.5% | **30.3%** |
| EPS Growth Performance Range: | 70% of Target | 100% of Target | 130% of Target |  |
| Average Annual EPS Growth from<br> 2023-2025 | 9.4% | 13.4% | 17.4% | **17.8%** |

---

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 2023 and associated payouts to each executive in terms of both number of units and value (including dividends).

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **2023-2025 Units** | **2023-2025 Units** | **2023-2025 Value** | **2023-2025 Value** |
| <br>**Name** | <br>**Title** | **Original<br>Award** | **Units<br>Earned** | **Original<br>Award** | **Final<br>Payout** <sup>(1)</sup> |
| Glenn J. Williams | Chief Executive Officer | 5938 | 8817 | $1100000 | $2371508 |
| Peter W. Schneider | President | 4723 | 7013 | $875000 | $1886287 |
| Tracy X. Tan | EVP and CFO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A |

---

(1)The closing price per share of our common stock on the trading day immediately preceding the date of the PSU award in 2023 was $185.24. On December 31, 2025, the end of the performance period, the closing price per share of our common stock was $258.36. The Company paid dividends on its common stock of $10.61 per share between the grant date and the vesting date of the 2023 PSU awards.

The chart below shows our Chief Executive Officer's 2023-2025 PSU award from the grant date value, as adjusted for: (i) the Company's performance against the revised metrics set by the Compensation Committee and (ii) the payment of dividends between the grant date and the vesting date as well as the increase in the closing price per share of our common stock during the performance period from $185.24 on February 27, 2023 (the trading day immediately preceding the grant date) to $258.36 on December 31, 2025.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

![img156862050_134.jpg](img156862050_134.jpg)

*Say-on-Pay* 

In 2023, our stockholders approved an annual Say-on-Pay vote. The Company's most recent advisory vote on executive compensation occurred at the 2025 Annual Meeting. Approximately 96.6% of votes cast approved our executive compensation program as described in our 2025 Proxy Statement, and the Compensation Committee has not taken any action in response to that Say-on-Pay vote.

*Tax Implications* 

The ultimate goal of the Compensation Committee is to provide compensation that is in the best interests of the Company. Therefore, to maintain flexibility to compensate our executives in a manner designed to promote long-term corporate goals and objectives, the Compensation Committee has not adopted a policy with respect to the deductibility of executive compensation or requiring that executive compensation have favorable accounting treatment to the Company.

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![img156862050_7.jpg](img156862050_7.jpg)

*Compensation Program Objectives* 

Our executive compensation program was designed to achieve the following four primary objectives:

---

| | |
|:---|:---|
| **Compensation Program Objective** | &nbsp;&nbsp;&nbsp;**How Objective is Achieved** |
| Motivate and reward executives when they deliver desired business results and stockholder value | Incentive compensation is tied directly to corporate performance and the achievement of strategic objectives.<br>|
| Align executive and stockholder interests over the long term | Equity-based incentive awards are tied to performance and their value increases with stock price appreciation. All executive officers receive 50% of the value of equity grants in the form of time-based RSUs. The remaining 50% of the value of equity grants to executive officers is awarded in the form of PSUs, which are delivered following completion of the three-year performance period only upon achievement of one or more performance goals. All executive officers are also subject to mandatory stock ownership guidelines. This further links executive performance with stockholder interests.<br>|
| Avoid pay programs that may encourage excessive <br>or unreasonable risk-taking, misalign the timing of rewards and performance, or otherwise fail to promote the creation of long-term stockholder <br>value | The ranges of performance and payout levels are structured on a pro rata basis, rather than rewarding executives in lockstep fashion as performance increases, so that management is not encouraged to take excessive risk to reach the next level of incentive compensation. In addition, there is a cap for the maximum performance at each level.<br>|
| Attract and retain the very best executive talent | Executive pay is designed to be competitive and performance based. Executives are held accountable for results and rewarded above target levels when goals are exceeded. When goals are not met, incentive compensation awards are below target levels.<br>|

---

Primerica 2026 Proxy Statement 57

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Compensation Elements* 

The elements of the fiscal 2025 executive compensation program for our named executive officers are described below.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Pay Element** | &nbsp;&nbsp;**Base Salary** | &nbsp;&nbsp;**Bonus** | &nbsp;&nbsp;**RSUs** | &nbsp;&nbsp;**PSUs** |
| **Type of Performance** | Short-term emphasis | Short-term emphasis | Hybrid of short-term and long-term emphasis | &nbsp;&nbsp;Long-term emphasis |
| **When Awarded** | Reviewed annually | February 2026 for 2025 performance | February 2025 | February 2025 |
| **How Value is Determined** | &nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;• Adjusted operating revenues<br>• Adjusted net operating income<br>• ROAE<br>• Life sales force | Fixed award values were set on the grant date | Fixed award values were set on the grant date |
| &nbsp;&nbsp;**Performance Period** | &nbsp;&nbsp;Ongoing | One year | Vest over three years | 2025-2027 |
| **How Payout Determined** | Compensation Committee judgment (based on a biannual competitive market analysis) | Based on performance<br>compared with corporate targets | &nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;• Average ROAE<br>• Average annual<br>EPS growth |
| **When Delivered** | &nbsp;&nbsp;Semi-monthly | March 2026 | &nbsp;&nbsp;Annually on March 1 | In March 2028 after completion of the three-year performance period |
| **Form of Delivery** | Cash | Cash | &nbsp;&nbsp;Equity | Equity |

---

*Compensation Elements: Base Salary* 

Base salary is a fixed amount based on an individual's skills, responsibilities and experience. The Compensation Committee generally reviews these amounts in February of each year and intends for them to provide a competitive fixed rate of pay recognizing different levels of responsibility. The annual salaries of our named executive officers did not increase from 2015 through 2024. The annual salary of each of Mr. Schneider and Ms. Tan was increased for 2025. At the request of our Chief Executive Officer, the Compensation Committee reduced his base salary by 20% from September 1, 2022 through December 31, 2024; it was restored to the 2021 base salary level for 2025.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Compensation Elements: Performance-Based Awards* 

Incentive awards are granted to reward executives for achieving critical corporate and strategic goals. A portion of the incentive awards are equity-based to motivate executives to create long-term stockholder value. Together, cash and equity incentive awards represent the majority of the compensation paid to our named executive officers.

The executive compensation program is divided into a short-term cash incentive program and a long-term equity incentive program. Cash incentive targets for fiscal 2025 performance were set by the Compensation Committee in February 2025. In February 2026, the Compensation Committee determined the cash incentive award to each named executive officer based on the achievement of the Company's previously established fiscal 2025 corporate performance objectives, with an adjustment of up to 20% (upward or downward) based on personal performance.

The value of the long-term equity incentive award granted to each named executive officer in February 2025 was based on fixed award values that were set by the Compensation Committee on the grant date.

For all named executive officers, the annual long-term equity incentive award was granted 50% in the form of RSUs and 50% in the form of PSUs. The value of the PSUs will only be recognized if the Company achieves specified levels of average ROAE and average annual EPS growth over the years 2025 through 2027, with 50% of the PSU payout tied to each metric. Upon payout of the PSUs, the participants also receive any dividends that would have been paid on the earned shares between the grant date and the vesting date if the shares had been outstanding.

The Compensation Committee selected two performance metrics for the PSUs that it believes are the strongest indicators of long-term performance. Average ROAE was selected because it incorporates both earnings performance and the effective use of capital, and management believes it is the single measure by which the Company is most assessed by major investors. The use of this metric allows our stockholders to evaluate our financial achievements relative to other organizations. We believe this metric has a significant influence on the value our stockholders place on the Company. Average annual adjusted operating EPS growth was selected because consistent earnings growth is a meaningful factor in how investors value the Company. The Compensation Committee reevaluates the performance metrics used for PSUs every grant year*.*

Primerica 2026 Proxy Statement 59

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

A visual depiction of our incentive award formula is set forth below (with our Chief Executive Officer's short-term award for fiscal 2025 performance and long-term award granted in February 2025 in italics as an example).

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT-TERM** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;**Target Cash Award**<br>*$1,500,000* | x | % Achievement<br>of Corporate Performance<br>Objectives<br>127.8 *%* | % Achievement<br>of Corporate Performance<br>Objectives<br>127.8 *%* | % Achievement<br>of Corporate Performance<br>Objectives<br>127.8 *%* | = | **Preliminary <br>Cash <br>Payout**<br>*$1,917,000* | X | &nbsp;&nbsp;&nbsp;+/- 20% <br>adjustment for <br>personal <br>performance <br>*0%* | &nbsp;&nbsp;&nbsp;= | &nbsp;&nbsp;&nbsp;**Final Cash Payout**<br>*$1,917,000* |
| **LONG-TERM** |  |  |  |  |  |  |  |  |  |  |
|  | x | 50% of award<br>value granted in the <br>form of RSUs | / | Closing price on <br>date of grant | = | **# of RSUs <br>Granted** |  |  |  |  |
| &nbsp;&nbsp; <br>**Fixed Equity Award**<br>*$2,750,000*<br>|  | *$1375000* |  | *$284.14* |  | *4839* |  |  |  |  |
|  | x | 50% of award<br>value granted in the <br>form of PSUs | / | Closing price on <br>date of grant | = | **# of PSUs <br>Granted** |  |  |  |  |
|  |  | *$1375000* |  | *$284.14* |  | *4839* |  |  |  |  |

---

The table below sets forth the value of the fiscal 2025 short-term target awards, the February 2025 long-term equity awards, as well as each executive's total target incentive award as a percentage of salary.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Annual<br>Salary** | **Fiscal 2025 Target Cash<br>Award** <sup>(1)</sup> | **February 2025<br>Equity<br>Award** <sup>(2)</sup> | **Total Target<br>Incentive<br>Award** | **Total Target<br>Incentive Award<br>as a Percentage<br>of Salary** |
| Glenn J. Williams | $750000 | $1500000 | $2750000 | $4250000 | 566.7% |
| Peter W. Schneider | $600000 | $1100000 | $1900000 | $3000000 | 500.0% |
| Tracy X. Tan | $575000 | $600000 | $1200000 | $1800000 | 313.0% |

---

(1)Awards were paid in February 2026 based on corporate performance in fiscal 2025.

(2)Fixed award values were set on the grant date in February 2025. The award value was granted 50% in PSUs, of which between 0% and 150% will be delivered to the named executive officer after the completion of the 2025-2027 performance period.

*Compensation Elements: Benefits* 

As with other employees, our named executive officers are eligible to participate in our employee health benefit programs, including health and dental insurance plans and a life insurance program, on the same terms as other regular employees. In addition, all regular employees, including our named executive officers, receive dividends on unvested RSUs and are entitled to a Company match of employee contributions to our 401(k) plan.

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![img156862050_7.jpg](img156862050_7.jpg)

*Compensation Elements: Perquisites* 

The Company provides only limited perquisites to our executive officers. The Compensation Committee has adopted a Director and Executive Perquisites Policy. This policy outlines the items that the Company is required to disclose as perquisites in its proxy statement, requires Compensation Committee approval of all perquisites paid to directors, named executive officers and certain significant employees and provides for pre-approval of certain categories of perquisites, including spousal travel to company events, executive physicals, and entertainment and gifts provided during Company-sponsored events. During fiscal 2025, perquisites included only items that had been pre-approved by the Compensation Committee.

*The Compensation Setting Process* 

*Timing of Compensation Decisions*

Our executive compensation process begins in the fall, with preparations for the next compensation season. Following the conclusion of our fiscal year on December 31, the Compensation Committee reviews proposed payouts under previously established compensation programs in January and finalizes such payouts in February. Some of these compensation awards are based on results for the fiscal year just ended, some of them are tied to multi-year performance periods and some of them are fixed value awards. In February, the Compensation Committee also reviews and establishes compensation programs for the new fiscal year or for new multi-year performance periods.

Annual grants of RSUs and, to our executive officers, PSUs are made by the Compensation Committee on a pre-determined schedule, with such grants being made immediately following the conclusion of the February Board meeting. The Compensation Committee rarely makes special grants of equity awards to executive officers, doing so only when it determines that they are necessary.

The Compensation Committee does not consider or take into account the existence of material nonpublic information when determining the timing and terms of equity awards, does not coordinate equity awards with the release of material nonpublic information and does not accelerate or delay equity awards in response to material nonpublic information. The Company has never timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

In December of each year, the Compensation Committee delegates to our Chief Executive Officer and President, acting individually or collectively, the authority to grant during the subsequent fiscal year up to a specified number of equity awards to employees who are not members of our executive leadership team. That authority is used only in connection with newly hired senior employees or special situations. The Compensation Committee also has delegated to our Chief Executive Officer and President, acting individually or collectively, authority to approve, within defined maximum award limits, widespread performance-based grants to members of the independent sales force. Our Chief Executive Officer and President do not consider or take into account the existence of material nonpublic information when determining the timing and terms of any equity awards granted under their delegated authority.

We do not grant, and did not grant in fiscal 2025, any stock options, stock appreciation rights and/or similar option-like instruments to our executive officers, other employees, the independent sales force or any other person. Other than as described above, we do not have any policy or practice regarding the timing of awards of options in relation to the disclosure of material, nonpublic information by us.

Primerica 2026 Proxy Statement 61

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Historical Compensation*

The Compensation Committee reviews historical compensation for the named executive officers at least annually. The Compensation Committee uses this information, which sets forth the components of executive compensation over time, as a basis for understanding the history of our executive compensation and the potential impact of recommended changes to the elements of our executive compensation program.

*Use of a Peer Group* 

The Compensation Committee generally reviews executive compensation (including target payouts and actual payouts) at peer companies as well as a broader index of life insurance companies at least biannually as part of its process of evaluating and setting compensation for our named executive officers. The Compensation Committee does not seek to benchmark or set compensation at any specific level relative to the peer data. Instead, the Compensation Committee uses this information primarily as background with respect to compensation plan design decisions and as a general reference point for pay levels.

In selecting peer companies, the Compensation Committee seeks companies operating in similar industries (life insurers, insurance brokers, and wealth advisors), with a similar business model (target customer, independent sales force and profitability) and similar size (revenue and market capitalization) as well as the marketplace for certain skills needed by our executives (direct marketing). This approach reflects the uniqueness and complexity of Primerica's product and service mix, as opposed to focusing on a more narrow view of Primerica as a traditional life insurance company, and it enables the Compensation Committee to make judgments based on the type of business in which the Company is engaged. Because of the unique nature of our business model, not all selected peer companies fit all identified criteria. The executive compensation peer group was updated during fiscal 2024 to reflect changes in the relevant industries.

Although used as a primary basis for developing a peer group by certain proxy advisory firms, the Compensation Committee does not consider the Global Industry Classification Standard ("GICS") code of potential peer companies. The Company's GICS code characterizes it as a life or health insurance company, while the GICS code of many of the peers classifies them as diversified financial services companies. As a result, the peer group considered by the Compensation Committee may differ from the peer group considered by certain proxy advisory firms.

In fiscal 2024, the Compensation Committee completed a review of peer group compensation by comparing individual executive compensation for comparable positions. The Compensation Committee considered these analyses and findings as part of its overall decision-making process regarding executive compensation.

The compensation peer group for fiscal 2025, which is unchanged from that used for fiscal 2024, is set forth below:

---

| | | |
|:---|:---|:---|
| **Life and Health Insurers** | **Insurance Brokers** | **Wealth Advisors** |
| CNO Financial Group, Inc. | &nbsp;&nbsp;Arthur J. Gallagher & Co. | &nbsp;&nbsp;Ameriprise Financial, Inc. |
| Globe Life Inc. | &nbsp;&nbsp;Brown & Brown | &nbsp;&nbsp;Invesco Ltd. |
| Horace Mann Educators Corporation | &nbsp;&nbsp;Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;LPL Financial Holdings Inc. |
| Principal Financial Group, Inc. |  | &nbsp;&nbsp;Raymond James Financial, Inc. |
|  |  | &nbsp;&nbsp;Stifel Financial Corp |

---

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![img156862050_7.jpg](img156862050_7.jpg)

*Compensation Consultant* 

The Compensation Committee's Charter authorizes it to retain advisors, including compensation consultants, to assist it in its work. The Compensation Committee believes that compensation consultants can provide important market information and perspectives that can help it establish executive and director compensation programs that best meet the objectives of our compensation policies.

The Compensation Committee retained Pearl Meyer & Partners ("Pearl Meyer") as its independent compensation consultant for fiscal 2025. Pearl Meyer's responsibilities included:

• Reviewing drafts of Compensation Committee meeting agendas, materials and minutes, as requested;

• Reviewing major management proposals;

• Bringing any concerns or issues to the attention of the Compensation Committee Chair;

• Evaluating the competitiveness of executive and director pay;

• Preparing materials for the Compensation Committee in advance of meetings;

• Attending Compensation Committee meetings;

• Reviewing and commenting on compensation-related proxy disclosures;

• Reviewing the Compensation Committee's Charter;

• Conducting an independent review of the risk presented by the Company's compensation programs;

• Being available to the Compensation Committee Chair for additional consultation; and

• Undertaking special projects at the request of the Compensation Committee Chair.

Pearl Meyer does not provide services to management or the Company, but management works closely with Pearl Meyer as requested by, and on behalf of, the Compensation Committee. Further, the Compensation Committee has determined that management may not retain Pearl Meyer for any projects without the prior consideration and consent of the Compensation Committee.

In accordance with requirements of the Securities and Exchange Commission (the "SEC"), the Compensation Committee has affirmatively determined that no conflicts of interest exist between the Company and Pearl Meyer (or any individuals working on the Company's account on Pearl Meyer's behalf). In reaching such determination, the Company considered the following enumerated factors, all of which were attested to or affirmed by Pearl Meyer:

• During fiscal 2025, Pearl Meyer provided no services to, and received no fees from, the Company other than in connection with the engagement;

• The amount of fees paid or payable by the Company to Pearl Meyer in respect of the engagement represented (or are reasonably certain to represent) less than 0.5% of Pearl Meyer's total revenue for fiscal 2025;

• Pearl Meyer has adopted and put in place adequate policies and procedures designed to prevent conflicts of interest, which policies and procedures were provided to the Company;

• There are no business or personal relationships between Pearl Meyer or any of the individuals on the team working with the Company, on the one hand, and any member of the Compensation Committee or any executive officer of the Company (in either case other than in respect of the engagement), on the other; and

• Neither Pearl Meyer nor any of the individuals on the team working with the Company owns our common stock.

Primerica 2026 Proxy Statement 63

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Management's Role in Setting Executive Officer Compensation* 

Our Chief Executive Officer participated in setting the compensation of our other named executive officers for fiscal 2025 by providing feedback on each individual's personal performance and making compensation recommendations to the Compensation Committee. Our named executive officers do not directly participate in determining their compensation, although they provide the Compensation Committee and our Chief Executive Officer with detailed reports on their personal achievements during the year. In making his recommendations, our Chief Executive Officer considered: (i) the individual's performance and contributions to the Company and the achievement of the Company's strategic objectives; (ii) the potential future contribution of the individual to the Company; (iii) achievement of the Company's business and financial goals, including the potential for the individual to make even greater contributions to the Company in the future than he or she has in the past; (iv) the risk that the individual may be recruited by a competitor; and (v) market compensation data and internal compensation analyses. The Compensation Committee discussed these recommendations with our Chief Executive Officer and in executive session with its independent compensation consultant.

*Post-Employment Compensation* 

The Company has no executive deferred compensation plan or defined pension plan and has no agreements that trigger payouts solely due to a change of control of the Company. The Compensation Committee has approved employment agreements with each of our named executive officers that provide for severance and change-of-control benefits if the officer's employment terminates upon a qualifying event or circumstance, such as being terminated without cause or leaving employment for good reason. Additional information regarding the employment agreements is found under "— Employment Agreements" below, and a quantification of benefits that would have been received by our named executive officers had their termination occurred on December 31, 2025 is found under "— Potential Payments and Other Benefits Upon Termination or Change of Control."

The Compensation Committee believes that severance benefits are an important part of a competitive overall compensation arrangement for our named executive officers and are consistent with the objective of attracting, motivating and retaining highly talented executives. The Compensation Committee also believes that such benefits will help to secure the continued employment and dedication of our named executive officers, mitigate concern that they might have regarding their continued employment prior to, or following, a change of control, and encourage independence and objectivity when considering possible transactions that may be in the best interests of our stockholders but may possibly result in the termination of their employment. Finally, the Compensation Committee believes that post-employment non-disclosure, non-competition and non-solicitation covenants to which our named executive officers have agreed in consideration for the Company providing these severance benefits are highly beneficial to the Company.

*Clawback Policies*

The Company has adopted an Incentive Compensation Recovery Policy that complies with the requirements of the NYSE. In addition, the Primerica, Inc. 2020 Omnibus Incentive Plan (the "2020 Incentive Plan") provides that the Compensation Committee may require the reimbursement of cash or forfeiture of equity awards (whether time-based or performance-based) if it determines that an award was granted, vested or paid based on the achievement of performance criteria that would not have been granted, vested or paid absent fraud or misconduct, an event giving rise to a restatement of the Company's financial statements or a significant write-off not in the ordinary course affecting the Company's financial statements. Further, it provides broad discretion to the Board or a committee of the Board to adopt a forfeiture, clawback or

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![img156862050_7.jpg](img156862050_7.jpg)

recoupment policy that covers additional circumstances, such as actions, failures to act, events or other activities that it considers detrimental to the Company.

*Stock Ownership*

Stock Ownership Guidelines

The Compensation Committee recognizes the critical role that executive stock ownership has in aligning the interests of management with those of our stockholders. As such, we maintain stock ownership guidelines under which our executive officers are required to acquire and hold our common stock in an amount representing a multiple of base salary. In determining compliance with these guidelines, stock ownership includes shares beneficially owned by the participant (or by immediate family members) as well as unvested RSUs. Until the ownership guidelines are satisfied, our executive officers are required to hold 75% of the net shares received by them under the Company's equity-based incentive compensation program (after having shares withheld to satisfy taxes associated with the vesting of RSUs and PSUs). The Compensation Committee reviews compliance with our stock ownership guidelines at least annually.

PSUs, which represent 50% of the annual equity award to our executive officers, do not count towards satisfaction of the guidelines. The Compensation Committee believes that it is general industry practice to exclude PSUs from the calculation of stock ownership for purposes of the guidelines because their dependency on stock price and/or future performance makes their realization, and the amount that may be realized, highly uncertain. As a result, the current holdings reflected below do not represent actual interests in our common stock.

The following table sets forth the minimum stock ownership requirements and current holdings for our executive officers as of March 1, 2026.

---

| | | |
|:---|:---|:---|
|  | **Ownership<br>Guideline<br>(as a Multiple<br>of Base Salary)** | **Multiple of Base<br>Salary Owned as of<br>March 1, 2026** |
| Glenn J. Williams | 5.0x | 18.3x |
| Peter W. Schneider | 3.5x | 8.7x |
| Tracy X. Tan | 2.5x | 2.9x |

---

The stock ownership of each of our executive officers exceeds the required ownership guidelines. Our non-employee directors are also subject to stock ownership guidelines, which are described under "Board of Directors – Director Compensation – Director Stock Ownership Guidelines."

Insider Trading Policy

We have adopted an Insider Trading Policy that governs the purchase, sale and/or other dispositions of our securities by our directors, officers and employees, and the Company itself, and that is reasonably designed to promote compliance with insider trading laws, rules and regulations, as well as the exchange listing standards applicable to us. In addition, our Insider Trading Policy expressly bars ownership by all employees and directors of financial instruments or participation in investment strategies that hedge the economic risk of owning our common stock. We also prohibit officers and directors from pledging Primerica securities as collateral for loans. See "– Employee, Officer and Director Hedging." A copy of our Insider Trading Policy is incorporated by reference as Exhibit 19.1 to our 2025 Annual Report.

Primerica 2026 Proxy Statement 65

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![img156862050_7.jpg](img156862050_7.jpg)

Pre-Set Trading Plans

Our executives and directors are permitted to enter into trading plans that are intended to comply with the requirements of Rule 10b5-1 of the Exchange Act so that they can prudently diversify their asset portfolios. During fiscal 2025, Messrs. G. Williams and Schneider were parties to Rule 10b5-1 trading plans that provided for the sale of shares at certain designated prices or on certain designated dates. The purpose of such plans was to enable our executive officers to recognize the value of their compensation and diversify their holdings of our common stock during periods in which they would otherwise be unable to buy or sell such stock because important information about Primerica had not been publicly released.

*Equity Awards to Independent Sales Representatives* 

The Compensation Committee has delegated to our Chief Executive Officer and President, acting individually or collectively, authority to approve, within defined maximum award limits, widespread performance-based grants to members of the independent sales force. Management and the Compensation Committee believe that such awards incentivize performance and align the independent sales force with the interests of stockholders. The independent sales force awards are determined based on specific formulas that are intended to motivate performance, and factors include successful life insurance policy acquisitions and sales of investment and savings products. The following chart details all equity awards, including awards to the independent sales force, granted in fiscal 2025.

---

| | | |
|:---|:---|:---|
| **Number of Equity<br>Awards** | **Type of Equity<br>Award** | **Recipient Group** |
| 42066 | Stock Payment Awards | Independent Sales Representatives |
| 35587 | RSUs | Management Employees (Other<br>Than Executive Officers) |
| 12404 | RSUs | Executive Officers (Current and Former) |
| 12404 | PSUs | Executive Officers (Current and Former) |
| 5520<sup>(1)</sup> | RSUs (or Deferred Stock Units<br> in lieu thereof) | Board of Directors |

---

(1)Excludes deferred stock units granted pursuant to dividend reinvestment.

*Risks Related to Compensation Policies and Practices* 

The independent compensation consultant performs an annual review of the risks presented by the Company's compensation programs. During fiscal 2025, the Compensation Committee discussed this review and assessed the Company's compensation programs for all employees, including our executive officers. The Compensation Committee concluded that our compensation policies and practices do not create risks that are reasonably likely to have a material adverse effect on the Company. As part of its review, the Compensation Committee discussed with management the ways in which risk is effectively managed or mitigated as it relates to our compensation programs and policies. The following factors supported the Compensation Committee's conclusion:

• Oversight of programs (or components of programs) by independent committees of our Board, including the Compensation Committee;

• Internal controls that are designed to keep our financial and operating results from being susceptible to manipulation by any employee, including our executive officers;

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

• Discretion provided to our Board and the Compensation Committee to set targets, monitor performance and determine final payouts;

• Oversight of Company activities by a broad-based group of functions within the organization, including Human Resources, Finance and Legal and at multiple levels within the organization (both corporate and business unit/region);

• A mixture of programs that provide focus on both short- and long-term goals and that provide a mixture of cash and stock-based compensation;

• Multiple measures in the short-term incentive plan, and multiple award types in the long-term incentive plan;

• Incentive awards focused primarily on the use of reportable and broad-based financial metrics, with no one factor receiving an excessive weighting;

• Capped incentive payouts;

• Time-based and, with respect to executive officers, performance-based vesting conditions with respect to equity awards;

• Executive stock ownership requirements;

• An Incentive Compensation Recovery Policy in accordance with the requirements of the NYSE and clawback provisions in the 2020 Incentive Plan; and

• The long-term ownership interests in the Company held by certain of our executive officers.

The Compensation Committee has determined that the Company's compensation policies and practices are not reasonably likely to have a material adverse effect on the Company.

Compensation Committee Interlocks and Insider Participation

Each of Messrs. Babbit, Crittenden and Dheer and Ms. Yastine has served as a member of the Compensation Committee during all of fiscal 2025. None of these current or former members of the Compensation Committee is a former or current officer or employee of the Company or any of its subsidiaries and none have any interlocks with other companies.

Compensation Committee Report<sup>2</sup>

The Compensation Committee participated in the preparation of the CD&A and reviewed and discussed successive drafts with management. Following completion of this process and based upon such review and discussion, the Compensation Committee recommended to our Board of Directors that the CD&A be included in the 2025 Annual Report and this Proxy Statement.

COMPENSATION COMMITTEE:

Barbara A. Yastine, *Chair* 

Joel M. Babbit

Gary L. Crittenden

Sanjeev Dheer

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2 The material in the Compensation Committee Report shall not be deemed incorporated by reference by any general statement incorporating by reference this Proxy Statement or any portion hereof into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except to the extent that the Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such acts.

Primerica 2026 Proxy Statement 67

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

Compensation Tables

*Summary Compensation Table* 

The following table describes total compensation earned during fiscal 2025, fiscal 2024 and fiscal 2023 for our named executive officers.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal<br>Position** | **Year** | **Salary<br>($)** | **Bonus<br>($)** | **Stock<br>Awards<br>($)** | **Option<br>Awards<br>($)** | **Non-Equity<br>Incentive Plan<br>Compensation<br>($)** | **Change in<br>Pension Value<br>and<br>Nonqualified<br>Deferred<br>Compensation<br>Earnings<br>($)** | **All Other<br>Compensation<br>($)** | **Total<br>($)** |
| **(A)** | **(B)** | **(C)** | **(D)** | **(E)** | **(F)** | **(G)** | **(H)** | **(I)** | **(J)** |
| Glenn J. Williams | 2025 | $750000 |  | $2749907<br><sup>(1)</sup> |  | $1917000<br><sup>(2)</sup> |  | $221751<br><sup>(3)</sup> | $5638658 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Chief Executive Officer* | 2024 | $600000<br><sup>(4)</sup> |  | $4699536<br><sup>(4)(5)</sup> |  | $1768800<br><sup>(4)(6)</sup> |  | $121973 | $7190309 |
|  | 2023 | $600000<br><sup>(4)</sup> |  | $2199910<br><sup>(4)(7)</sup> |  | $1248000<br><sup>(4)(8)</sup> |  | $131650 | $4179560 |
| Peter W. Schneider | 2025 | $600000 |  | $1899760<br><sup>(1)</sup> |  | $1405800<br><sup>(2)</sup> |  | $122786<br><sup>(3)</sup> | $4028346 |
| &nbsp;&nbsp;&nbsp;&nbsp;*President* | 2024 | $550000 |  | $1749984<br><sup>(5)</sup> |  | $1474000<br><sup>(6)</sup> |  | $100166 | $3874150 |
|  | 2023 | $550000 |  | $1749777<br><sup>(7)</sup> |  | $1040000<br><sup>(8)</sup> |  | $90227 | $3430004 |
| Tracy X. Tan | 2025 | $575000 |  | $1199639<br><sup>(1)</sup> |  | $766800<br><sup>(2)</sup> |  | $40266<br><sup>(3)</sup> | $2581705 |
| &nbsp;&nbsp;&nbsp;&nbsp;*EVP and Chief* | 2024 | $500000 |  | $999641<br><sup>(5)</sup> |  | $737000<br><sup>(6)</sup> |  | $31487 | $2268128 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financial Officer* | 2023 | $104167 |  | $249972<br><sup>(7)</sup> |  | $520000<br><sup>(8)</sup> |  | $9631 | $883700 |

---

(1)Represents a fixed value of time-based RSUs and PSUs granted in February 2025. The fixed value was split equally between time-based RSUs and PSUs. If maximum performance is achieved over the three-year performance period, then the executive would receive shares of our common stock representing 150% of the PSU awards. Assuming a constant stock price throughout the performance period, this results in PSUs with a value of a maximum of approximately $2.0 million for Mr. Williams, $1.4 million for Mr. Schneider, and $900,000 for Ms. Tan. In all cases, the per share value of each RSU and PSU was the closing price per share of our common stock on the trading day immediately preceding the grant date. For the valuation assumptions underlying the awards, see Note 1 to the Company's audited financial statements for fiscal 2025 included in the 2025 Annual Report.

(2)Represents incentive awards paid in cash in March 2026 for performance in fiscal 2025.

(3)Perquisites and personal benefits included executive healthcare benefits, spousal travel and entertainment and gifts provided in connection with Company-sponsored meetings of the independent sales representatives, none of which exceeded the greater of $25,000 or 10% of the total of All Other Compensation. All Other Compensation also includes dividends paid on unvested equity awards and PSU awards at delivery and the Company's 401(k) plan matching contribution for fiscal 2025 as set forth below.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Dividends on<br>Unvested<br>Equity<br>Awards** | **Dividends<br>on PSU<br>Awards at<br>Delivery** | **401(k)<br>Match** | **Total Other** |
| Glenn J. Williams | $84866 | $98890 | $17500 | $201256 |
| Peter W. Schneider | $35572 | $62931 | $17500 | $116003 |
| Tracy X. Tan | $17262 |  | $17500 | $34762 |

---

(4)At Mr. Williams' request, the Compensation Committee reduced his compensation by 20% from September 1, 2022 through December 31, 2024. If not for this reduction, his base salary in each of 2023 and 2024 would have been $750,000, his February 2024 and February 2023 stock award values would have been $2,750,000 and his non-equity incentive plan compensation for 2023 and 2024 would have been $1,560,000 and $2,211,000, respectively.

(5)Represents a fixed value of time-based RSUs and PSUs granted in February 2024. The fixed value was split equally between time-based RSUs and PSUs. If maximum performance is achieved over the three-year performance period, then the executive would receive shares of our common stock representing 150% of the PSU awards. Assuming a constant stock price throughout the performance period, this results in PSUs with a value of a maximum of approximately $1.6 million for Mr. Williams, $1.3 million for Mr. Schneider, and $750,000 for Ms. Tan. For Mr. Williams, also reflects a special equity award valued at $2,500,000 granted by the Compensation Committee in December 2024 in recognition of the Company's and his accomplishments in fiscal 2024. In all cases, the per share value of each RSU and PSU was the closing price per share of our common stock on the trading day immediately preceding the grant date. For the valuation assumptions underlying the awards, see Note 1 to the Company's audited financial statements for fiscal 2024 included in the Company's Annual Report on Form 10-K for fiscal 2024.

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

(6)Represents incentive awards paid in cash in March 2025 for performance in fiscal 2024.

(7)Except with respect to Ms. Tan, represents a fixed value of time-based RSUs and PSUs granted in February 2023. The fixed value was split equally between time-based RSUs and PSUs. If maximum performance is achieved over the three-year performance period, then the executive would receive shares of our common stock representing 150% of the PSU awards. This results in PSUs with a grant date value of a maximum of approximately $1.6 million for Mr. Williams and $1.3 million for Mr. Schneider. For Ms. Tan, represents a fixed value of time-based RSUs granted in October 2023 when she joined the Company. In all cases, the per share value of each RSU and PSU was the closing price per share of our common stock on the trading day immediately preceding the grant date. For the valuation assumptions underlying the awards, see Note 1 to the Company's audited financial statements for fiscal 2023 included in the Company's Annual Report on Form 10-K for fiscal 2023.

(8)Represents incentive awards paid in cash in March 2024 for performance in fiscal 2023.

*Salary (Column C)* 

Reflects base salary earned by our named executive officers.

*Bonus (Column D)* 

Primerica has not awarded any non-incentive compensation (other than salary) to our named executive officers.

*Stock Awards (Column E)* 

The dollar amounts for the awards represent the grant date fair value computed in accordance with GAAP, which is consistent with the value that the Compensation Committee considered when they determined the size of the awards except for minor discrepancies due to the inability to issue a fractional stock award. The ultimate value of the award will depend on the closing price per share of our common stock on the date that the award vests. Details about fiscal 2025 awards are included in the "Fiscal 2025 Grant of Plan-Based Awards Table." Time-based RSUs vest ratably over three years except that the special equity award granted to Mr. Williams in December 2024 is scheduled to cliff vest in December 2027.

*Option Awards (Column F)* 

The Compensation Committee has not granted stock option awards since February 2016.

*Non-Equity Incentive Plan Compensation (Column G)* 

These amounts reflect non-equity incentive plan compensation awards, which were earned by our named executive officers under the 2020 Incentive Plan based on corporate and personal performance during fiscal 2025, fiscal 2024 and fiscal 2023 and approved by the Compensation Committee in February 2026, February 2025 and February 2024, respectively.

*Change in Pension Value and Nonqualified Deferred Compensation Earnings (Column H)* 

None of our named executive officers participated in a pension plan or deferred compensation plan during the periods presented and they are not entitled to any future benefits under such plans.

*All Other Compensation (Column I)* 

These amounts reflect the combined value of each named executive officer's perquisites, personal benefits and compensation that is not otherwise reflected in the table.

Primerica 2026 Proxy Statement 69

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*Fiscal 2025 Grants of Plan-Based Awards Table* 

The following table provides information about each grant of plan-based awards made to our named executive officers during fiscal 2025. Each of the incentive awards was granted under, and is subject to the terms of, the 2020 Incentive Plan. Awards are transferable only to trusts established solely for the benefit of the grantee's family members or to a beneficiary of a named executive officer upon his or her death. For a description of the material terms of the awards, see "– Compensation Discussion and Analysis (CD&A) – Compensation Elements."

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Estimated Future Payouts<br>Under Non-Equity Incentive<br>Plan Awards** <sup>(1)</sup> | **Estimated Future Payouts<br>Under Non-Equity Incentive<br>Plan Awards** <sup>(1)</sup> | **Estimated Future Payouts<br>Under Non-Equity Incentive<br>Plan Awards** <sup>(1)</sup> | **Estimated Future Payouts<br>Under Equity Incentive<br>Plan Awards** <sup>(2)</sup> | **Estimated Future Payouts<br>Under Equity Incentive<br>Plan Awards** <sup>(2)</sup> | **Estimated Future Payouts<br>Under Equity Incentive<br>Plan Awards** <sup>(2)</sup> | **All Other<br>Stock<br>Awards:<br>Number<br>of Shares<br>of Stock** | **Grant Date<br>Fair Value** |
| **Name** | **Grant<br>Date** | **Threshold<br>($)** | **Target<br>($)** | **Maximum<br>($)** | **Threshold<br>(#)** | **Target<br>(#)** | **Maximum<br>(#)** | **or Units<br>(#)** <sup>(3)</sup> | **of Stock<br>Awards** |
| **(A)** | **(B)** | **(C)** | **(D)** | **(E)** | **(F)** | **(G)** | **(H)** | **(I)** | **(J)** |
| Glenn J. Williams |  |  |  |  |  |  |  |  |  |
| • Short-Term Incentive Plan | <sup>(4)</sup> | N/A | $1500000 | $3000000 |  |  |  |  |  |
| • PSUs | 2/14/25 |  |  |  | 2419 | 4839 | 7258 |  | $1374953 |
| • Time-Based RSUs | 2/14/25 |  |  |  |  |  |  | 4839 | $1374953 |
| Peter W. Schneider |  |  |  |  |  |  |  |  |  |
| • Short-Term Incentive Plan | <sup>(4)</sup> | N/A | $1100000 | $2200000 |  |  |  |  |  |
| • PSUs | 2/14/25 |  |  |  | 1671 | 3343 | 5014 |  | $949880 |
| • Time-Based RSUs | 2/14/25 |  |  |  |  |  |  | 3343 | $949880 |
| Tracy X. Tan |  |  |  |  |  |  |  |  |  |
| • Short-Term Incentive Plan | <sup>(4)</sup> | N/A | $600000 | $1200000 |  |  |  |  |  |
| • PSUs | 2/14/25 |  |  |  | 1055 | 2111 | 3166 |  | $599820 |
| • Time-Based RSUs | 2/14/25 |  |  |  |  |  |  | 2111 | $599820 |

---

(1)Represents cash incentive award amounts for each named executive officer for performance in fiscal 2025 that were paid in March 2026.

(2)Represents PSUs that will be paid out in 2028 based on the Company's average ROAE and average annual EPS growth for the performance period of 2025 through 2027.

(3)Represents time-based RSUs granted under the 2020 Incentive Plan in February 2025.

(4)The annual cash incentive compensation earned for fiscal 2025 performance was approved by the Compensation Committee in February 2026 and paid in March 2026.

*Estimated Future Payouts Under Non-Equity Incentive Plan Awards (Columns C, D and E)* 

These amounts reflect the annual incentive compensation amounts that could have been earned during fiscal 2025 based upon the achievement of performance goals. The target and maximum levels for our named executive officers are set annually by the Compensation Committee, and no cash incentive award is paid if threshold levels of corporate performance are not met. The annual cash incentive compensation earned for fiscal 2025 by our named executive officers was approved by the Compensation Committee in February 2026 and paid in March 2026. These amounts are reflected in column (G) of the "Summary Compensation Table."

*Estimated Future Payouts Under Equity Incentive Plan Awards (Columns F, G and H)* 

These amounts reflect the PSUs that were granted in February 2025. Shares of our common stock underlying those awards will be delivered in March 2028 only if pre-established performance goals are satisfied over the three-year performance period of 2025 through 2027. The number of shares of our

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

common stock ultimately delivered will range from 0% to 150% of the number of PSUs, depending on performance.

*All Other Stock Awards (Column I)* 

This column represents time-based RSUs granted in February 2025. The restrictions on the February RSUs lapse in equal installments on March 1 of each of the subsequent three years. Further, the restrictions on the RSUs lapse automatically upon the death of the grantee and upon his or her retirement so long as he or she is at least 55 years of age, his or her age plus years of service equals at least 75 and the recipient provides at least six months' notice and cooperation with the Company in connection with his or her planned retirement. Upon disability of the grantee, the RSU continues to vest for 12 months and, if the grantee remains on approved disability leave, then the unvested portion vests as of the first anniversary of the commencement of such disability leave. Holders of RSUs do not have the right to vote or dispose of their RSUs, but the awards do receive dividend equivalents.

*Grant Date Fair Value of Stock Awards (Column J)* 

The grant date fair value of RSUs and PSUs in this table is equal to the number of time-based RSUs and performance-based PSUs awarded multiplied by the closing price per share of our common stock on the trading day immediately preceding the grant date.

*Outstanding Equity Awards at Fiscal Year-End Table* 

The following table sets forth information regarding equity awards held by our named executive officers that were outstanding as of December 31, 2025 based on the closing price per share of our common stock on that date of $258.36. As of December 31, 2025, none of our named executive officers had any option awards outstanding.

Primerica 2026 Proxy Statement 71

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Stock Awards** | **Stock Awards** | **Stock Awards** | **Stock Awards** | **Stock Awards** | **Stock Awards** |
|  |  |  |  |  | **Equity Incentive Plan Awards** | **Equity Incentive Plan Awards** | **Equity Incentive Plan Awards** |
|  |  |  |  |  |  |  | **Market or** |
|  |  |  |  |  |  |  | **Payout** |
|  |  |  |  |  | **Number of** | **Number of** | **Value of** |
|  |  |  |  | **Market** | **Unearned** | **Unearned** | **Unearned** |
|  |  | **Number of** | **Number of** | **Value of** | **Shares,** | **Shares,** | **Shares,** |
|  |  | **Shares or** | **Shares or** | **Shares or** | **Units or** | **Units or** | **Units or** |
|  |  | **Units of** | **Units of** | **Units of** | **Other** | **Other** | **Other** |
|  |  | **Stock That** | **Stock That** | **Stock That** | **Rights That** | **Rights That** | **Rights That** |
|  |  | **Have Not** | **Have Not** | **Have Not** | **Have Not** | **Have Not** | **Have Not** |
| **Name** | **Grant Date** | **Vested (#)** | **Vested (#)** | **Vested ($)** | **Vested (#)** | **Vested (#)** | **Vested ($)** |
| Glenn J. Williams | 02/28/23 |  | 1980<br> <sup>(1)</sup> | $511553 |  | 8817<br> <sup>(2)</sup> | $2277960<br> <sup>(3)</sup> |
|  | 02/16/24 | 2994 | 2994<br> <sup>(4)</sup> | $773530 | 4491 | 4491<br> <sup>(5)</sup> | $1160295<br> <sup>(3)</sup> |
|  | 12/13/24 | 8839 | 8839<br> <sup>(6)</sup> | $2283644 |  |  |  |
|  | 02/14/25 | 4839 | 4839<br> <sup>(7)</sup> | $1250204 | 4839 | 4839<br> <sup>(8)</sup> | $1250204<br> <sup>(3)</sup> |
|  |  |  | 18652 | $4818931 |  | 18147 | $4688459 |
| Peter W. Schneider | 02/28/23 |  | 1575<br> <sup>(1)</sup> | $406917 |  | 7013<br> <sup>(2)</sup> | $1811879<br> <sup>(3)</sup> |
|  | 02/16/24 | 2382 | 2382<br> <sup>(4)</sup> | $615414 | 3573 | 3573<br> <sup>(5)</sup> | $923120<br> <sup>(3)</sup> |
|  | 02/14/25 | 3343 | 3343<br> <sup>(7)</sup> | $863697 | 3343 | 3343<br> <sup>(8)</sup> | $863697<br> <sup>(3)</sup> |
|  |  |  | 7300 | $1886028 |  | 13929 | $3598696 |
| Tracy X. Tan | 10/16/23 | 406 | 406<br> <sup>(1)</sup> | $104894 |  |  |  |
|  | 02/16/24 | 1361 | 1361<br> <sup>(4)</sup> | $351628 | 2041 | 2041<br> <sup>(5)</sup> | $527313<br> <sup>(3)</sup> |
|  | 02/14/25 | 2111 | 2111<br> <sup>(7)</sup> | $545398 | 2111 | 2111<br> <sup>(8)</sup> | $545398<br> <sup>(3)</sup> |
|  |  |  | 3878 | $1001920 |  | 4152 | $1072711 |

---

(1)Represents RSUs scheduled to vest on March 1, 2026.

(2)Represents PSUs that vested on March 1, 2026 following completion of the three-year performance period of January 1, 2023 through December 31, 2025. The number of shares of our common stock earned was equal to 148.5% of the number of PSUs granted in 2023.

(3)Reflects that PSUs granted in 2023 were earned at 148.5% and assumes that all other outstanding PSUs are earned at target.

(4)Represents RSUs scheduled to vest in equal installments on March 1, 2026 and March 1, 2027. They automatically vest on the date that a recipient retires from the Company so long as he or she is at least 55 years of age, his or her age plus years of service equals at least 75 and the recipient provides at least six months' notice and cooperation with the Company in connection with his or her planned retirement.

(5)Represents PSUs that vest on March 1, 2027 following completion of the three-year performance period of January 1, 2024 through December 31, 2026. The number of shares of our common stock earned will be between 0% and 150% of the number of PSUs awarded.

(6)Represents a special award of RSUs scheduled to vest on December 13, 2027. They automatically vest on the date that Mr. Williams retires from the Company so long as he is at least 55 years of age, his age plus years of service equals at least 75 and he provides at least six months' notice and cooperation with the Company in connection with his planned retirement.

(7)Represents RSUs scheduled to vest in equal annual installments on March 1, 2026, March 1, 2027 and March 1, 2028. They automatically vest on the date that the recipient retires from the Company so long as he or she is at least 55 years of age, his or her age plus years of service equals at least 75 and the recipient provides at least six months' notice and cooperation with the Company in connection with his or her planned retirement.

(8)Represents PSUs that vest on March 1, 2028 following completion of the three-year performance period of January 1, 2025 through December 31, 2027. The number of shares of our common stock earned will be between 0% and 150% of the number of PSUs awarded.

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![img156862050_7.jpg](img156862050_7.jpg)

*Fiscal 2025 Option Exercises and Stock Vested Table*

This table shows the RSUs and PSUs held by our named executive officers for which restrictions lapsed during fiscal 2025. The dollar values shown in this table reflect the value realized on the vesting date, which differ from the grant date fair value disclosed elsewhere in this Proxy Statement. Stock options are not a component of the Company's executive compensation program.

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| | | |
|:---|:---|:---|
|  | **Stock Awards** | **Stock Awards** |
| **Name** | **Number of<br>Shares Acquired<br>on Vesting (#)** <sup>(1)</sup> | **Value Realized<br>on Vesting ($)** <sup>(2)</sup> |
| Glenn J. Williams | 18506 | $5366740 |
| Peter W. Schneider | 12330 | $3575700 |
| Tracy X. Tan | 1086 | $314940 |

---

(1)Represents RSUs and PSUs delivered in 2025, which consists of one-third of the RSU awards granted in each of 2022, 2023 and 2024, and the delivery of the 2022 PSU award at 109.1% of target. Includes shares that were withheld for the payment of taxes due upon the vesting of the awards.

(2)Represents the number of shares of our common stock delivered on March 1, 2025 multiplied by the closing price per share of our common stock of $290.00 on the trading day prior to such date.

Potential Payments and Other Benefits Upon Termination or Change of Control

As required by the rules of the SEC, this section describes payments that would have been made under employment agreements with our named executive officers as of December 31, 2025. These employment agreements included change-of-control provisions that were designed to provide protection to the executives so they are not distracted by their personal, professional and financial situations at a time when Primerica needs them to remain focused on their responsibilities, which is in Primerica's best interests and those of all its stockholders. These agreements provided for a "double-trigger" payout only in the event that both: (i) a change of control occurs; and (ii) the named executive officer is either terminated from his or her position other than for cause or terminates his or her employment for good reason within a limited period of time before or after the transaction.

Potential payments to our named executive officers in the event of a change of control are reported below. These disclosed amounts are estimates only and do not necessarily reflect the actual amounts that would be paid to our named executive officers, which would only be known at the time that they become eligible for payment. Further, the table does not reflect amounts that would vest upon the departure of a named executive officer who is retirement eligible at such time. The amounts shown in the table are the amounts that could be payable under plans and arrangements in place as of December 31, 2025 if the named executive officer's employment had terminated as of that date. The table below does not include amounts to which our named executive officers would already be entitled that are described in the compensation tables appearing earlier in this Proxy Statement, including the value of equity awards that have already vested. The definitions of "cause," "good reason" and "change of control" that were included in the employment agreements as of December 31, 2025 follow the table.

A = Severance arrangement for termination without cause or for good reason

B = Termination for cause

C = Voluntary termination

D = Termination without cause after a change of control

E = Death or disability

Primerica 2026 Proxy Statement 73

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![img156862050_7.jpg](img156862050_7.jpg)

**Potential Payments and Benefits** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Cash<br>Severance** | **Bonus<br>Earned as<br>of Event<br>Date** <sup>(1)</sup> | **Sec 280G<br>Excise Tax<br>and Related<br>Gross-Up** <sup>(2)</sup> | **Total Cash<br>Payments** | **Vesting of<br>Unvested<br>Long-Term<br>Awards** <sup>(3)</sup> | **Health and<br>Welfare<br>Continuation** <sup>(4)</sup> |
| Glenn J. Williams<br> **A** | $4500000<br><sup>(5)</sup> | $1917000 |  | $6417000 | $9507390 | $40749 |
| **B** |  |  |  |  |  |  |
| **C** |  | $1917000 |  | $1917000 |  |  |
| **D** | $4500000<br><sup>(5)</sup> | $1917000 |  | $6417000 | $9507390 | $40749 |
| **E** |  | $1917000 |  | $1917000 | $9507390 | $40749 |
| Peter W. Schneider<br> **A** | $1700000<br><sup>(6)</sup> | $1405800 |  | $3105800 | $5484724 | $44476 |
| **B** |  |  |  |  |  |  |
| **C** |  | $1405800 |  | $1405800 |  |  |
| **D** | $2550000<br><sup>(7)</sup> | $1405800 |  | $3955800 | $5484724 | $44476 |
| **E** |  | $1405800 |  | $1405800 | $5484724 | $44476 |
| Tracy X. Tan<br> **A** | $1175000<br><sup>(6)</sup> | $766800 |  | $1941800 | $2074631 | $73891 |
| **B** |  |  |  |  |  |  |
| **C** |  | $766800 |  | $766800 |  |  |
| **D** | $1762500<br><sup>(7)</sup> | $766800 |  | $2529300 | $2074631 | $73891 |
| **E** |  | $766800 |  | $766800 | $2074631 | $73891 |

---

(1)Our named executive officers are entitled to a pro rata share of the current fiscal year incentive awards in the event of termination without cause or after a change of control. Amounts in this table assume a termination date of December 31, 2025 and reflect cash incentive compensation earned for fiscal 2025 performance.

(2)No named executive officer is entitled to an excise tax gross-up payment under Section 4999 of the Internal Revenue Code of 1986, as amended.

(3)Reflects the aggregate value of outstanding RSUs and PSUs. With respect to RSUs, the value is equal to the closing price per share of our common stock on December 31, 2025 of $258.36, multiplied by the number of outstanding RSUs. With respect to PSUs, the value is equal to the number of PSUs granted, except that PSUs for the 2023-2025 performance period reflect the number of PSUs that vested on March 1, 2026, in each case multiplied by the closing price per share of our common stock on December 31, 2025 of $258.36. Upon termination without cause due to death or disability, or upon for good reason, the equity awards automatically vest in accordance with their terms. These values disregard the automatic vesting of awards upon the retirement of an eligible employee. PSUs vest at target in connection with a termination following a change of control or due to death or disability, and they are paid based on the actual earned amount at the end of the performance period in the event of termination without cause or for good reason.

(4)Health and welfare benefits are continued for up to 18 months from the separation date based on current elections and plan premiums.

(5)Cash severance is equal to 200% of the sum of current annual base salary and target bonus.

(6)Cash severance is equal to 100% of the sum of current annual base salary and target bonus.

(7)Cash severance is equal to 150% of the sum of current annual base salary and target bonus.

A named executive officer's rights upon the termination of his or her employment will depend upon the circumstances of the termination. Central to an understanding of the rights of each named executive officer under the employment agreements is an understanding of the definitions of "cause," "good reason" and "change of control" that are used in those agreements.

<u>Cause</u> means: (i) the executive's willful misconduct or gross negligence that causes material harm to the Company; (ii) the executive's habitual substance abuse; (iii) the executive's willful and continued failure (other than as a result of physical or mental incapacity) to perform the duties of the executive's position or to follow the legal direction of our Board following written notice from our Board specifying such failure; (iv) the executive's being convicted of, or pleading guilty or *nolo contendere* to a felony or a crime involving moral turpitude; (v) the executive's willful theft, embezzlement or act of comparable dishonesty against the Company; or (vi) a material breach by the executive of his or her employment agreement, which breach is not (if curable) cured by the executive within 30 days following his receipt of written notice thereof.

For purposes of the definition of "cause," no act or failure to act by the executive shall be considered willful unless it is done, or omitted to be done, in bad faith and without reasonable belief that the executive's action or omission was in the best interests of the Company.

74<br>

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

<u>Good Reason</u> means: in the absence of the executive's written consent, (i) a material diminution by the Company in the executive's annual base salary or a material diminution in the executive's target bonus opportunity as a percentage of the executive's annual base salary; (ii) a material diminution in the executive's authority, duties or responsibilities, provided that a change in the executive's reporting relationship shall not constitute "good reason"; (iii) the Company requiring the executive's principal business location to be at any office or location more than 50 miles from the executive's principal business location as of immediately prior to such relocation (other than to an office or location closer to the executive's home residence); or (iv) any material breach of the executive's employment agreement by the Company.

<u>Change of Control</u> means: (i) any person is or becomes a beneficial owner of securities of the Company representing 35% or more of the combined voting power of the Company's then outstanding securities (other than through acquisitions from the Company); (ii) any plan or proposal for the dissolution or liquidation of the Company is adopted by the stockholders of the Company; (iii) individuals who constitute our Board (the "Incumbent Board") cease for any reason to constitute at least a majority of our Board; provided, however, that any individual becoming a director whose election, or nomination for election by our stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding for this purpose any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than our Board; (iv) all or substantially all of the assets of the Company are sold, transferred or distributed; or (v) there occurs a reorganization, merger, consolidation or other corporate transaction involving the Company, in each case, with respect to which the stockholders of the Company immediately prior to such transaction do not, immediately after the transaction, own more than 50% of the combined voting power of the Company or other entity resulting from such transaction in substantially the same respective proportions as such stockholders' ownership of the voting power of the Company immediately before such transaction.

Primerica 2026 Proxy Statement 75

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

Pay Versus Performance (PVP)<sup>3</sup>

The following table is required by the SEC and shows, for the years presented: (i) the total compensation for our Chief Executive Officer (who is our Principal Executive Officer ("PEO")) and the average total compensation for our other named executive officers, with total compensation in each case as reported in Column J of the Summary Compensation Table located under "— Compensation Tables – Summary Compensation Table" (the "SCT Total"); and (ii) a calculated Compensation Actually Paid ("CAP") value. The table also shows TSR for the Company and the S&P 500 Insurance Index, net income and a Company-selected financial performance measure of adjusted net operating income. See "Reconciliation of GAAP and Non-GAAP Financial Measures" in Exhibit A to this Proxy Statement for a reconciliation of net income to adjusted net operating income.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Summary** |  | **Average<br>Summary<br>Compensation<br>Table (SCT)** | **Average<br>Compensation<br>Actually Paid** | **Value of Initial Fixed<br>$100 Investment Based On:** | **Value of Initial Fixed<br>$100 Investment Based On:** |  |  |
| **Year** | **Compensation<br>Table (SCT) Total<br>for PEO ($)** <sup>(1)</sup> | **Compensation<br>Actually Paid<br>to PEO ($)** <sup>(2)(3)</sup> | **Total for Non-<br>PEO Named<br>Executive<br>Officers ($)** <sup>(4)</sup> | **(CAP) to Non-<br>PEO Named<br>Executive<br>Officers ($)** <sup>(2)(4)(5)</sup> | **Cumulative<br>Company<br>TSR ($)** <sup>(6)</sup> | **Cumulative<br>Peer Group<br>TSR ($)** <sup>(6)(7)</sup> | **Net Income<br>($)** <sup>(8) (9)</sup> | **Adjusted Net<br>Operating<br>Income** <sup>(8) (9)</sup> |
| **(A)** | **(B)** | **(C)** | **(D)** | **(E)** | **(F)** | **(G)** | **(H)** | **(I)** |
| 2025 | $5638658 | $5676963 | $3305026 | $2565200 | $207.06 | $209.86 | $751.2 | $751.4 |
| 2024 | $7190309 | $8869013 | $2393458 | $2871768 | $214.21 | $201.62 | $470.5 | $680.9 |
| 2023 | $4179560 | $6826631 | $2272719 | $3509526 | $160.32 | $158.98 | $576.6 | $596.0 |
| 2022 | $4793457 | $4208898 | $2606419 | $2377579 | $109.00 | $145.50 | $467.0 | $536.9 |
| 2021 | $5055625 | $6453617 | $2449063 | $3036476 | $115.87 | $132.12 | $476.0 | $566.2 |

---

(1)For all fiscal years presented, the PEO was Glenn J. Williams, our Chief Executive Officer.

(2)We did not report a change in pension value for any of the years presented; therefore, no deduction from the SCT Total was made with respect to pension plan value. In addition, all dividends paid are reflected in the SCT Total.

(3)To calculate the CAP to our PEO, the amounts set forth in the table below were deducted from or added to the SCT Total as indicated. During the years presented: (a) our PEO did not participate in a pension plan; and (b) no options were granted, no awards granted in a prior fiscal year were forfeited in the covered fiscal year, no equity awards were granted and vested in the same fiscal year, and no equity awards failed to meet vesting conditions in the year.

------

<sup>3</sup> The material in this Pay Versus Performance (PVP) section shall not be deemed incorporated by reference by any general statement incorporating by reference this Proxy Statement or any portion hereof into any filing under the Securities Act or the Exchange Act, except to the extent that the Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such acts.

76<br>

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reconciliation of PEO SCT Total to CAP:** | **Reconciliation of PEO SCT Total to CAP:** | **Reconciliation of PEO SCT Total to CAP:** |  |  |  |  |  |
| **Year** | **Summary<br>Compensation<br>Table (SCT) Total** | **DEDUCT Grant<br>Date Fair Value<br>of Equity Awards<br>Granted in the<br>Year as Reported<br>in Summary<br>Compensation<br>Table** | **ADD Year End<br>Fair Value of<br>Equity Awards<br>Granted in the<br>Year that are<br>Unvested as of<br>Year End** <sup>(i)</sup> | **ADD Year over<br>Year Change in<br>Fair Value of<br>Equity Awards<br>Granted in<br>Prior Years<br>that are<br>Unvested as of<br>Year End** <sup>(i)</sup> | **ADD Year over<br>Year Change in<br>Fair Value of<br>Equity Awards<br>Granted in<br>Prior Years<br>that Vested in<br>the Year** <sup>(ii)</sup> | **Total Adjustments** | **CAP** |
|  | **(a)** | **(b)** | **(c)** | **(d)** | **(e)** | **(f) = (b) + (c) + (d) + (e)** | **(a) + (f)** |
| 2025 | $5638658 | $(2749907) | $2500408 | $(316601) | $604405 | $38305 | $5676963 |
| 2024 | $7190309 | $(4699536) | $4836976 | $1459753 | $81511 | $1678704 | $8869013 |
| 2023 | $4179560 | $(2199910) | $2443606 | $1762634 | $640741 | $2647071 | $6826631 |
| 2022 | $4793457 | $(2749851) | $2992969 | $(330241) | $(497436) | $(584559) | $4208898 |
| 2021 | $5055625 | $(2749801) | $2946462 | $675179 | $526152 | $1397992 | $6453617 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Column (c) and (d) amounts are based on the closing price per share of our common stock as set forth below.

---

| | |
|:---|:---|
| December 31, 2025 | $258.36 |
| December 31, 2024 | $271.42 |
| December 31, 2023 | $205.76 |
| December 31, 2022 | $141.82 |
| December 31, 2021 | $153.27 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Column (e) amounts are based on the closing price per share of our common stock on the vesting dates as set forth below. For PSUs, reflects the actual number of shares paid out upon vesting as set forth below (which is between 0% and 150% of the number of PSUs granted).

---

| | | |
|:---|:---|:---|
|  | <br><u>Closing Price</u> | PSU Payout <u>Percentage</u> |
| March 1, 2025 | $290.00 | 109.1% |
| March 1, 2024 | $245.26 | 70.5% |
| March 1, 2023 | $185.24 | 79.9% |
| March 1, 2022 | $124.42 | 109.7% |
| March 1, 2021 | $146.66 | 109.9% |

---

(4)For 2025, our non-PEO NEOs consisted of Peter W. Schneider and Tracy X. Tan. For 2024, our non-PEO NEOs consisted of Mr. Schneider, Ms.. Tan and Gregory C. Pitts (our former Chief Operating Officer). For 2023, our non-PEO named executive officers consisted of Mr. Schneider, Ms. Tan, Alison S. Rand (our former Chief Financial Officer) and Mr. Pitts. For 2022 and 2021, our non-PEO named executive officers consisted of Mr. Schneider, Ms. Rand and Mr. Pitts. Because Ms. Tan was not an employee for all of 2023, her inclusion in the calculation of average compensation for non-PEO named executive officers lowers the value from what it would have been if she had been employed throughout 2023.

(5)To calculate CAP to our named executive officers other than our PEO, the amounts set forth in the table below were deducted from or added to the SCT Total as indicated. During the years presented, no options were granted, no awards granted in a prior fiscal year were forfeited in the covered fiscal year, no equity awards were granted and vested in the same fiscal year, and no equity awards failed to meet vesting conditions in the year.

Primerica 2026 Proxy Statement 77

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Average Non-PEO NEOs SCT Total to CAP:** | **Reconciliation of Average Non-PEO NEOs SCT Total to CAP:** | **Reconciliation of Average Non-PEO NEOs SCT Total to CAP:** | **Reconciliation of Average Non-PEO NEOs SCT Total to CAP:** | **Reconciliation of Average Non-PEO NEOs SCT Total to CAP:** | **Reconciliation of Average Non-PEO NEOs SCT Total to CAP:** |  |  |  |
| **Year** | **Summary<br>Compensation<br>Table (SCT)<br>Total** | **DEDUCT Aggregate Change in Actuarial Present Value of Defined Benefit and Actuarial Pension Plans** <sup>(i)</sup> | **DEDUCT Grant Date Fair Value of Equity Awards Granted in the Year as Reported in Summary Compensation Table** | **ADD Year End Fair Value of Equity Awards Granted in the Year that are Unvested as of Year End** <sup>(ii)</sup> | **ADD Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that are Unvested as of Year End** <sup>(ii)</sup> | **ADD Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year** <sup>(iii)</sup> | **Total Adjustments** | **CAP** |
|  | **(a)** | **(b)** | **(c)** | **(d)** | **(e)** | **(f)** | **(g) = (b) + (c) + (d) + (e) + (f)** | **(a) + (g)** |
| 2025 | $3305026 | $- | $(1549700) | $704548 | $(102227) | $207553 | $(739825) | $2565200 |
| 2024 | $2393458 | $- | $(1316529) | $1094365 | $649574 | $50899 | $478310 | $2871768 |
| 2023 | $2272719 | $- | $(1099930) | $1214961 | $836335 | $285441 | $1236807 | $3509526 |
| 2022 | $2606419 | $- | $(1383178) | $1505467 | $(140095) | $(211034) | $(228840) | $2377579 |
| 2021 | $2449063 | $(408) | $(1166539) | $1249968 | $286393 | $217998 | $587413 | $3036476 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Mr. Schneider, one of our non-PEO named executive officers, participated in a predecessor's pension plan during 2021. There was no service rendered or plan amendments during the years presented and, therefore, no pension values are added back in the reconciliation of the SCT Total to the CAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Column (d) and (e) amounts are based on the closing price per share of our common stock as set forth below.

---

| | |
|:---|:---|
| December 31, 2025 | $258.36 |
| December 31, 2024 | $271.42 |
| December 31, 2023 | $205.76 |
| December 31, 2022 | $141.82 |
| December 31, 2021 | $153.27 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Column (f) amounts are based on the closing price per share of our common stock on the vesting dates as set forth below. For PSUs, reflects the actual number of shares paid out upon vesting as set forth below (which is between 0% and 150% of the number of PSUs granted).

---

| | | |
|:---|:---|:---|
|  | <br><u>Closing Price</u> | PSU Payout <u>Percentage</u> |
| March 1, 2025 | $290.00 | 109.1% |
| March 1, 2024 | $245.26 | 70.5% |
| March 1, 2023 | $185.24 | 79.9% |
| March 1, 2022 | $124.42 | 109.7% |
| March 1, 2021 | $146.66 | 109.9% |

---

(6)TSR for 2021 is for that year only, TSR for 2022 is a two-year return from January 1, 2021 through December 31, 2022, TSR for 2023 is a three-year return from January 1, 2021 through December 31, 2023, TSR for 2024 is a four-year return from January 1, 2021 through December 31, 2024 and TSR for 2025 is a five-year return from January 1, 2021 through December 31, 2025.

(7)Represents the S&P 500 Insurance Index, as used in the Total Stockholder Return graph included under "— Compensation Disclosure and Analysis (CD&A) – Total Stockholder Return."

(8)In fiscal 2024, net income was reduced by a loss from discontinued operations of $249.6 million, most of which was driven by one-time charges associated with the Company's disposal of the Senior Health business. Operating results for fiscal 2023 have been restated from the 2024 Proxy Statement to exclude the results of the Senior Health business, which has been reported as a discontinued operation. Refer to the 2024 Annual Report for a definition of the Senior Health business. Operating results for fiscal 2022 and fiscal 2021 have not been restated from the 2024 Proxy Statement so they still include the results of the Senior Health business, which was acquired on July 1, 2021 and disposed of on September 30, 2024. Fiscal 2022 and fiscal 2021, values were updated from originally published amounts to reflect the application of a new accounting standard relating to the accounting for long-duration contracts, referred to as LDTI.

78<br>

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

(9)The Compensation Committee has selected adjusted net operating income as the most important financial measure that relates to executive pay for fiscal 2025. This measure, which is a non-GAAP financial measure, is a performance metric under the Company's short-term incentive plan. Further, it is the basis for the operating EPS growth metric under the Company's long-term incentive plan. Finally, adjusted net operating income is the numerator to the calculation of operating ROAE, which is a performance metric in both the short-term incentive plan and the long-term incentive plan. See "Reconciliation of GAAP and Non-GAAP Financial Measures" in Exhibit A to this Proxy Statement for a reconciliation of net income to adjusted net operating income.

*Most Important Performance Measures*

The six items listed below represent the most important performance metrics used to determine CAP for fiscal 2025 as further described in our Compensation Committee Message beginning on page 45. All of these items are described under "— Compensation Discussion and Analysis (CD&A)". The measures are listed below in no particular order. See "Reconciliation of GAAP and Non-GAAP Financial Measures" in Exhibit A to this Proxy Statement for a reconciliation of these performance measures to GAAP results.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Adjusted Operating Revenues

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Adjusted Net Operating Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•ROAE

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Size of the Life-Licensed Sales Force

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Average ROAE

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Average Adjusted Annual EPS Growth

*Description of Certain Relationships of Data Disclosed in the PVP Table*

The below charts give a graphical description of the relationship between (i) the PEO's CAP and the non-PEO named executive officers' average CAP; and (ii) each of Company TSR, net income and adjusted net operating income. Also included is a chart that provides a graphical description of Company TSR to the peer group TSR.

Because a significant portion of compensation is granted in the form of equity awards, CAP is largely driven by the number of equity awards outstanding during the fiscal year combined with the change in our common stock price during the relevant measurement period. Other than Company TSR, the other metrics shown below are driven by the Company's financial performance in each fiscal year rather than the closing price of our common stock. In addition, our Compensation Committee has elected to base incentive compensation on the performance of selected Company metrics against predetermined targets rather than their performance against prior year benchmarks. Therefore, year-over-year changes in Company performance measured against these metrics will not necessarily be indicative of changes in year-over-year CAP. As a result of these dynamics, there may not be a strong relationship between CAP and these specific metrics. Further, CAP and Company TSR may not directly correlate as the Company TSR is not used in determining compensation. Finally, our PEO's CAP for 2022 through 2024 was impacted by his request that the Compensation Committee reduce his compensation by 20% from September 1, 2022 to December 31, 2024 and, for 2024, also was impacted by the special equity award granted to him by the Compensation Committee in December 2024.

Primerica 2026 Proxy Statement 79

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

![img156862050_135.jpg](img156862050_135.jpg)

(1)TSR assumes a $100 initial investment. TSR for 2021 is for that year only, TSR for 2022 is a two-year return from January 1, 2021 through December 31, 2022, TSR for 2023 is a three-year return from January 1, 2021 through December 31, 2023, TSR for 2024 is a four-year return from January 1, 2021 through December 31, 2024 and TSR for 2025 is a five-year return from January 1, 2021 through December 31, 2025. This calculation is different from the fiscal 2025 TSR shown elsewhere in this Proxy Statement.

![img156862050_136.gif](img156862050_136.gif)

(1)TSR assumes a $100 initial investment. TSR for 2021 is for that year only, TSR for 2022 is a two-year return from January 1, 2021 through December 31, 2022, TSR for 2023 is a three-year return from January 1, 2021 through December 31, 2023, TSR for 2024 is a four-year return from January 1, 2021 through December 31, 2024 and TSR for 2025 is a five-year return from January 1, 2020 through December 31, 2025. This calculation is different from the fiscal 2025 TSR shown elsewhere in this Proxy Statement.

80<br>

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

![img156862050_137.gif](img156862050_137.gif)

(1)In fiscal 2024, net income was reduced by a loss from discontinued operations of $249.6 million, most of which was driven by one-time charges associated with the Company's disposal of the Senior Health business. Net income for fiscal 2022 and fiscal 2021 reflect adjustments to originally published amounts due to the adoption of ASU 2018-12 or LDTI.

![img156862050_138.gif](img156862050_138.gif)

Primerica 2026 Proxy Statement 81

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

(1)Adjusted net operating income for fiscal 2023 has been restated from the 2024 Proxy Statement to exclude the results of the Senior Health business, which has been reported as a discontinued operation. Refer to the 2024 Annual Report for a definition of the Senior Health business. Adjusted net operating income for fiscal 2022 and fiscal 2021 has not been restated from the 2024 Proxy Statement so those results include the results of the Senior Health business, which was acquired on July 1, 2021 and disposed of on September 30, 2024. Adjusted net operating income for fiscal 2022 and fiscal 2021 reflects adjustments to originally published amounts due to the adoption of ASU 2018-12 or LDTI.

Pay Ratio

The SEC requires annual disclosure of the ratio of the median employee's annual total compensation to the total annual compensation of the principal executive officer. The stated purpose of the disclosure is to provide a measure of the equitability of pay within the organization. The Company's PEO is Mr. G. Williams, our Chief Executive Officer.

Management determined that there have been no changes to its employee population that would result in a significant change to this pay ratio disclosure. As a result, as permitted by the SEC, the median employee used for the 2025 calculation is unchanged from the median employee used for the 2024 and 2023 calculations. In determining the median employee, a listing was prepared of all employees as of December 1, 2025. The list of 2,828 employees included 487 employees who are characterized as "hours worked only employees", most of whom teach insurance licensing classes. It excluded 15 of such employees with zero earnings in fiscal 2025. It also excluded individuals who are affiliated with the Company solely as independent contractors.

The Company's total number of U.S. and non-U.S. employees at December 31, 2025 was 2,833. For simplicity, the median employee was identified based on earnings reflected on Internal Revenue Service Form W-2 and Canada Revenue Agency Form T4. We annualized wages and salaries for those employees that were not employed for the full year of 2025 and applied a U.S. dollar exchange rate to the compensation elements paid in foreign currency. The median amount was represented by an employee who works as an analyst on the Life Operations team at the Company's home office in Duluth, Georgia. The annual total compensation for fiscal year 2025 for our Chief Executive Officer was $5,638,658 and for the median employee was $59,290. The resulting ratio of our Chief Executive Officer's pay to the pay of our median employee for fiscal 2025 is estimated to be 95 to 1.

The Company believes that the pay ratio set forth above is a reasonable estimate that has been calculated in a manner consistent with the SEC's rules. The SEC allows for multiple approaches and permits companies to rely on a number of assumptions in calculating its pay ratio. Therefore, our method of calculating pay ratio will differ from that used by other companies and investors should not consider pay ratio in isolation or as a substitute for analysis of the Company's executive compensation program. Further, our Compensation Committee does not consider pay ratio in its development of the Company's executive compensation program and does not use it in its determination of our Chief Executive Officer's compensation.

Employee, Officer and Director Hedging

Employees, officers and members of the Board of the Company and its subsidiaries, and their related persons (as defined in our Insider Trading Policy) and any designees of such persons, are prohibited from purchasing, selling or trading in financial instruments (including options, warrants, puts and calls, prepaid variable forward contracts, equity swaps, collars and exchange funds) or otherwise engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company's securities. In addition, employees, officers and members of the Board, and their related persons and any designees of such persons, may not sell the Company's securities "short", pledge the Company's securities or hold the Company's securities in margin accounts.

82<br>

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

Employment Agreements

Each of our named executive officers is a party to an employment agreement, the terms of which are described below.

---

| | | |
|:---|:---|:---|
| **Item** | **Chief Executive Officer** | **Other Named Executive Officers** |
| Term of Employment Agreements | Three-year term, expired on April 1, 2018 followed by annual auto-renewals | For Mr. Schneider, the three-year term expired on January 5, 2018 followed by annual auto-renewals. Ms. Tan's initial term expires on January 5, 2027 and will be followed by annual auto-renewals.  |
| Annual Base Salary | Subject to annual review and may be increased but not decreased as a result of such review | Subject to annual review and may be increased or decreased as a result of such review |
| Target Cash Incentive Award | 200% of annual base salary for 2015 and unspecified for future years | Specified annually by the Compensation Committee |
| Severance Benefits for Termination Without Cause or by the Executive for Good Reason | 200% of the sum of annual base salary and target bonus | 100% of the sum of annual base salary and target bonus |
| Severance Benefits for Termination Without Cause or by the Executive for Good Reason Following Contract Non-Renewal | 200% of the sum of annual base salary and target bonus if terminated within two years of contract non-renewal | 100% of the sum of annual base salary and target bonus if terminated within one year of contract non-renewal |
| Severance Benefits for Termination Without Cause or by the Executive for Good Reason Following a Change of Control | No separate change-of-control provision | 150% of the sum of annual base salary and target bonus |
| Non-Competition Covenant | Expires 24 months after employment termination | Expires 18 months after employment termination |

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*Positions and Employment Period* 

Pursuant to his employment agreement, Mr. G. Williams was appointed Chief Executive Officer effective April 1, 2015 and he has served on our Board since that date. His employment agreement and Mr. Schneider's employment agreement each had an initial three-year term, followed by annual automatic one-year renewals unless terminated by either party within 90 days prior to the completion of the term. Ms. Tan's employment agreement has an initial term that expires on January 5, 2027 to match the auto-renewal date of the other named executive officers.

*Base Salary* 

Our Chief Executive Officer's annual base salary during the period of his employment shall be no less than $750,000, subject to annual review by the Compensation Committee for increase but not decrease pursuant to its normal performance review policies for executive officers. Notwithstanding the foregoing, at Mr. G. Williams' request the Compensation Committee reduced his salary by 20% from September 1, 2022 through December 31, 2024. The employment agreements provide that the annual base salary for Mr. Schneider is

Primerica 2026 Proxy Statement 83

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

$550,000 and for Ms. Tan is $500,000, subject to increase or decrease as a result of annual review by the Compensation Committee pursuant to its normal performance review policies for executive officers. The base salaries for Mr. Schneider and Ms. Tan were increased beginning with fiscal 2025.

*Annual Cash Bonus* 

Our Chief Executive Officer will be eligible to receive an annual cash bonus upon achieving certain performance targets that shall be established in good faith by the Compensation Committee, with the threshold and target annual cash bonus amounts being set by the Compensation Committee annually. Each other named executive officer will be eligible to receive an annual cash bonus upon achieving certain performance targets that shall be established by the Compensation Committee, with such executive officer's target annual cash bonus opportunity to be determined by the Compensation Committee based upon the recommendations of our Chief Executive Officer.

*Long-Term Incentive Awards* 

Each named executive officer is eligible to receive, in the good faith discretion of the Compensation Committee, annual equity compensation awards granted pursuant to the Company's long-term incentive compensation arrangements. Any outstanding long-term incentive awards will vest upon the termination of the executive's employment: (i) by the Company without cause or due to the executive's disability or death; or (ii) by the executive officer for good reason.

*Post-Termination Payments* 

The material terms and conditions of the severance provisions of the employment agreements are set forth below.

*For Cause or By the Executive Without Good Reason* 

If an executive terminates his or her employment without good reason, then the Company shall pay the executive any accrued but unpaid annual base salary, any accrued but unused vacation pay, any accrued but unpaid annual bonus for the fiscal year prior to the year of termination and any amounts or benefits due to the executive as of the date of his or her termination under the Company's plans or programs (together, "Accrued Compensation"). If an executive is terminated by the Company for cause, then the executive shall be entitled to receive from the Company the Accrued Compensation, except that he or she will not be entitled to his or her unpaid annual bonus for the previous fiscal year of the Company.

*Death or Disability* 

If an executive's employment is terminated as a result of his or her death or disability, then the Company shall pay to the executive or his or her estate (if termination results from the executive's death) the Accrued Compensation and a pro-rated annual bonus (based on actual performance) for the fiscal year of the termination (the "Pro-Rated Bonus"). In addition, the Company shall provide to the executive and his or her dependents for a period of 18 months following the date of such termination medical (including vision and dental) benefits equal to those that would have been provided to the executive and to such dependents under a Company-sponsored plan if the executive's employment had not been terminated (so long as the executive pays any applicable premiums and is not employed with another employer and covered by an employer-sponsored plan providing substantially equivalent medical or life insurance benefits). During this 18-month period, the Company will pay to the executive a monthly amount equal to the premium required to be paid by the executive for such benefits (the "Health Benefits").

84<br>

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EXECUTIVE COMPENSATION

![img156862050_7.jpg](img156862050_7.jpg)

*By Executive For Good Reason or by the Company Without Cause* 

If our Chief Executive Officer's employment is terminated: (i) by our Chief Executive Officer for good reason; or (ii) by the Company for any reason other than cause, death or disability, then, subject to our Chief Executive Officer's timely execution and delivery of a release of claims against the Company, the Company shall: (a) pay to our Chief Executive Officer the Accrued Compensation and Pro-Rated Bonus; (b) pay to our Chief Executive Officer in a lump sum in cash, no later than the 60<sup>th</sup> day following his termination, an amount equal to two times the sum of our Chief Executive Officer's annual base salary and target bonus as of the date of his termination; and (c) provide to our Chief Executive Officer the Health Benefits.

If the employment of any named executive officer, other than our Chief Executive Officer, is terminated: (i) by such executive for good reason; or (ii) by the Company for any reason other than cause, death or disability, then, subject to the executive's timely execution and delivery of a release of claims against the Company, the Company shall: (a) pay to such executive the Accrued Compensation and the Pro-Rated Bonus; (b) pay to such executive in a lump sum in cash, no later than the 60<sup>th</sup> day following the executive's termination, an amount equal to the sum of the executive's annual base salary and target bonus as of the date of the executive's termination, provided that such amount shall be one and one-half times the sum of his or her annual base salary and target bonus as of the date of termination if his or her termination occurs during the six months prior to or during the two-year period following a change of control; and (c) provide to such executive the Health Benefits.

*Defined Terms* 

The terms "cause," "good reason" and "change of control" are defined in the applicable employment agreement and are summarized above under "— Potential Payments and Other Benefits Upon Termination or Change of Control."

*Restrictive Covenants* 

Each executive is prohibited from disclosing any confidential information or trade secrets of the Company during the period of his or her employment and for an 18-month period (two years for our Chief Executive Officer) (in each case, the "Restricted Period") following his or her termination, and the Company retains ownership of any work product and inventions developed by the executive during the period of his or her employment (but our Chief Executive Officer retains the right to use speeches, addresses and presentations made during such period). Additionally, during the period of the executive's employment and during the Restricted Period, each executive is prohibited from recruiting, except during the period of his or her employment in connection with satisfying his or her duties to the Company, any person who is or was at any time during the previous six months an employee or representative of the Company or any of its affiliates. Finally, each executive is prohibited from competing with, or soliciting the business of any of the clients of, the Company during the period of his or her employment and the Restricted Period. This restriction on competition extends to any business or entity that engages in, or is working to engage in, the network marketing of life, auto or property insurance products, mutual funds, variable annuities or securities similar to those offered by the Company, to the extent operating in the United States, Canada or any other territory in which the Company operates prior to, or on the date of, termination of the executive's employment. In addition, if our Chief Executive Officer is terminated under circumstances that result in the receipt of severance payments, then during the Restricted Period he is prohibited from providing full-time services to any entity that engages in the network marketing of any products direct to the consumer, provided that he may avoid applicability of this provision by repaying to the Company any and all severance payments that he has received.

Primerica 2026 Proxy Statement 85

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Audit Matters

![img156862050_139.jpg](img156862050_139.jpg)

Audit Committee Report

*Committee Composition and Skills* 

The Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act. At December 31, 2025, the Audit Committee was composed of four non-employee directors. Our Board of Directors has determined that each member of the Audit Committee is "independent" and financially literate and that at least one member has accounting or other related financial management expertise, in each case as such qualifications are defined under the Listing Standards of the NYSE. Our Board of Directors has also determined that each of Mr. Crittenden, Ms. Day and Ms. Yastine qualifies as an "audit committee financial expert" as defined by the SEC. All members of the Audit Committee attended 100% of the meetings of the Audit Committee held during his or her term on the committee in fiscal 2025. See "Board of Directors – Board Members" for a description of the business background of each Audit Committee member.

*Responsibilities of the Audit Committee, Management and the External Auditor* 

The Audit Committee is responsible for the appointment, compensation and oversight of KPMG, the Company's independent registered public accounting firm. Further, it is responsible for monitoring and overseeing the Company's financial reporting, internal controls and internal audit functions, as set forth in the written charter adopted by our Board. In connection with its oversight of the Company's internal audit function, the Audit Committee reviewed the internal audit plan, competencies and staffing for fiscal 2025. Our Chief Internal Auditor reports directly to the Audit Committee and meets with the Audit Committee in executive session at least quarterly. In addition, the Board has delegated to the Audit Committee responsibility for regularly monitoring the oversight of our ERM program, including: (i) ensuring that all risk areas are monitored by senior management; (ii) confirming that all risk management matters are reported to the Board or the appropriate Board committee and addressed as needed; and (iii) approving our Enterprise Risk Management Policy, which describes our ERM program and delineates the major functions and roles and responsibilities within the program, at least annually. The Audit Committee receives quarterly reports from our Chief Governance and Risk Officer on changes to the Company's risk profile and risks on which the management team has been devoting attention. Our General Counsel, who oversees the compliance function, presents to the Audit Committee annually with respect to the Company's compliance program. The Audit Committee also ensures that management has established procedures relating to any complaints received by the Company regarding accounting, internal controls, or auditing matters, and the confidential, anonymous submission by employees of the Company of concerns regarding questionable accounting or auditing matters. Finally, the Audit Committee reviews and discusses the quarterly and annual earnings press releases, consolidated financial statements (including the presentation of non-GAAP financial information) and Quarterly Reports on Form 10-Q and Annual Report on Form 10-K disclosures under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" with management, the internal auditors and the independent auditors. The Audit Committee's Charter is available in the Governance section of our investor relations website at *https:*//*investors.primerica.com .* 

The Audit Committee works closely with our Chief Financial Officer. During fiscal 2025, the Audit Committee held nine meetings.

Primerica 2026 Proxy Statement 86

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AUDIT MATTERS

![img156862050_7.jpg](img156862050_7.jpg)

Management is responsible for:

• The presentation and integrity of the Company's consolidated financial statements;

• Selecting accounting and financial reporting principles;

• Establishing and maintaining disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act);

• Establishing and maintaining internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act);

• Evaluating the effectiveness of disclosure controls and procedures;

• Evaluating the effectiveness of internal control over financial reporting; and

• Evaluating any change in internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, internal control over financial reporting.

KPMG was responsible for performing an independent audit of the consolidated financial statements and expressing an opinion on the conformity of those financial statements with GAAP as well as an audit of internal control over financial reporting. The Audit Committee reviewed KPMG's Reports of Independent Registered Public Accounting Firm (collectively, the "Audit Report") included in the 2025 Annual Report related to its audits. The Audit Report included in the 2025 Annual Report included KPMG's communication of the critical audit matter, and the Audit Committee discussed a draft of the Audit Report with KPMG prior to its finalization.

*Appointment, Compensation and Oversight of KPMG* 

KPMG has served as the Company's independent registered public accounting firm since before the Company's initial public offering in 2010. Prior to retaining KPMG for fiscal 2025, the Audit Committee evaluated KPMG's performance with respect to fiscal 2024. In conducting this annual evaluation, the Audit Committee reviewed feedback from Audit Committee members and management on areas such as independence (including the extent of non-audit services and fees), technical expertise, industry knowledge and communications with the Audit Committee. The Audit Committee also considered KPMG's tenure and the impact on the Company of changing auditors.

After determining to retain KPMG for fiscal 2025, the Audit Committee reviewed the proposed engagement letter, which included proposed fees for fiscal 2025. Throughout fiscal 2025, the Audit Committee or the Audit Committee Chair (pursuant to delegation by the Audit Committee) reviewed engagement letters for additional audit or non-audit projects, and the related fees, that were outside the scope of the previously approved fiscal 2025 engagement letter.

*Discussions with KPMG* 

The Audit Committee has discussed with KPMG the matters required to be so discussed in accordance with applicable requirements of the Public Company Accounting Oversight Board ("PCAOB") and the SEC. In addition, KPMG has provided the Audit Committee with the written disclosures required by the applicable requirements of the PCAOB regarding the independent registered public accounting firm's communications with the Audit Committee concerning independence and the Audit Committee has discussed with KPMG the firm's independence.

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AUDIT MATTERS

![img156862050_7.jpg](img156862050_7.jpg)

*Audited Consolidated Financial Statements* 

The Audit Committee has reviewed and discussed the consolidated financial statements for fiscal 2025 with management and KPMG, the Company's independent registered public accounting firm for fiscal 2025. Based on these discussions with and reports of management and the independent auditors of the Company and the Audit Committee's review of the representations of management, as well as the discussions referenced above, the Audit Committee recommended to our Board that the audited consolidated financial statements for fiscal 2025 be included in the 2025 Annual Report and be filed with the SEC.

AUDIT COMMITTEE:

Gary L. Crittenden, *Chair* 

Cynthia N. Day

Sanjeev Dheer

Barbara A. Yastine

Fees and Services of KPMG

Pursuant to an appointment by the Audit Committee, KPMG has served as the Company's independent registered public accounting firm for fiscal 2025 and has audited the financial statements of the Company and its subsidiaries for such year.

*Fees Billed by KPMG* 

The following table sets forth the aggregate fees that KPMG billed to the Company for fiscal 2025 and fiscal 2024. All of the fees were approved by the Audit Committee in accordance with its policies and procedures, including pre-approval of non-audit fees. See "— Pre-Approval of Services Performed by KPMG."

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| | | |
|:---|:---|:---|
|  | **Fiscal 2025** | **Fiscal 2024** |
|  | **(In thousands)** | **(In thousands)** |
| Audit fees <sup>(1)</sup> | $4190 | $4432 |
| Audit-related fees <sup>(2)</sup> | $163 | $124 |
| Tax fees <sup>(3)</sup> | $53 | $88 |
| All other fees | $— | $— |
| Total fees | $4406 | $4644 |

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(1)Reflects fees for professional services performed for the annual audit, quarterly reviews of the Company's consolidated and condensed financial statements, statutory audits of the Company's subsidiaries and other regulatory filings or engagements.

(2)For fiscal 2025, included fees for (i) a Canadian benefit plan audit; (ii) a Financial Intermediary Control and Compliance Assessment ("FICCA") report issued on behalf of a subsidiary of the Company; (iii) a regulatory compliance exam for a broker-dealer subsidiary of the Company; and (iv) fees for a state regulators to access certain workpapers in connection with the quinquennial financial exams of our U.S. insurance subsidiaries. For fiscal 2024, included fees for: (i) a Canadian benefit plan audit; (ii) a FICCA report issued on behalf of a subsidiary of the Company; and (iii) a consent to incorporate the Audit Report included in the 2024 Annual Report into a new registration statement on Form S-3.

(3)Reflects fees for tax compliance services. For fiscal 2025, included fees for tax review and compliance services for our Puerto Rico subsidiary. For fiscal 2024, included tax review and compliance services for our Puerto Rico subsidiary and tax review and compliance services for the adoption of an accounting standard for insurance contracts in Canada ("IFRS 17").

88<br>

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AUDIT MATTERS

![img156862050_7.jpg](img156862050_7.jpg)

The decrease in fees for fiscal 2025 was largely due to higher audit fees in fiscal 2024 related to discontinued operations of a U.S. subsidiary and the adoption of IFRS 17 in Canada.

Non-audit fees (consisting of tax fees and all other fees) represented 1.2% of total fees in fiscal 2025.

*Pre-Approval of Services Performed by KPMG* 

The Company has adopted a policy regarding pre-approval of non-audit services to be performed by our independent registered public accounting firm. Specifically, non-audit services and fees to be incurred by our independent registered public accounting firm for services permitted by the Sarbanes-Oxley Act to be performed by such firm must be approved in advance by the Audit Committee Chair (for individual projects in amounts up to $100,000) or the Audit Committee.

Primerica 2026 Proxy Statement 89

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Stock Ownership

![img156862050_140.jpg](img156862050_140.jpg)

Directors and Executive Officers

The following table furnishes information regarding beneficial ownership of our common stock by each director and director nominee, each named executive officer and our directors and executive officers as a group, all as of March 1, 2026. Unless otherwise noted, voting power and investment power in our common stock are exercisable solely by the named person. As of March 1, 2026, there were 31,496,240 shares of our common stock outstanding. The address for each of our directors, director nominees and executive officers is c/o Primerica, Inc., One Primerica Parkway, Duluth, Georgia 30099.

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| | | |
|:---|:---|:---|
| **Name of Beneficial Owner** | **Aggregate Number of<br>Shares Beneficially Owned** | **Additional Information** |
| John A. Addison, Jr. | 19112<br> \* | Includes 3,548 vested RSUs. Excludes 138 RSUs that do not vest within 60 days. |
| Joel M. Babbit | 13833<br> \* | Includes 5,541 vested RSUs and 7,463 vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 deferred stock units that do not vest within 60 days. |
| Amber L. Cottle | 3022<br> \* | Includes 2,882 vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 RSUs that do not vest within 60 days. |
| Gary L. Crittenden | 22417<br> \* | Includes 1,847 vested RSUs and 20,570 vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 deferred stock units that do not vest within 60 days. |
| Cynthia N. Day | 19403<br> \* | Represents vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 deferred stock units that do not vest within 60 days. |
| Sanjeev Dheer | 3572<br> \* | Excludes 138 RSUs that do not vest within 60 days. |
| Beatriz R. Perez | 14540<br> \* | Includes 3,371 vested RSUs and 11,169 vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 deferred stock units that do not vest within 60 days. |

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Primerica 2026 Proxy Statement 90

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STOCK OWNERSHIP

![img156862050_7.jpg](img156862050_7.jpg)

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| | | |
|:---|:---|:---|
| D. Richard Williams | 31689<br>\* | Includes 3,548 vested RSUs and 9,008 vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 deferred stock units that do not vest within 60 days. |
| Darryl L. Wilson | 1229<br> \* | Excludes 138 RSUs that do not vest within 60 days. |
| Barbara A. Yastine | 19012<br> \* | Includes 13,488 vested deferred stock units issued under the Non-Employee Director Deferred Compensation Plan. Excludes 138 deferred stock units that do not vest within 60 days. |
| Glenn J. Williams | 35195<br> \* | Excludes 18,902 RSUs and 14,670 PSUs that do not vest within 60 days. |
| Peter W. Schneider | 13411<br> \* | Excludes 7,109 RSUs and 13,901 PSUs that do not vest within 60 days. |
| Tracy X. Tan | 2146<br> \* | Excludes 4,419 RSUs and 6,482 PSUs that do not vest within 60 days. |
| All directors and executive officers as a group (13 people) | 198581<br> \* |  |

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\* Less than one percent

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STOCK OWNERSHIP

![img156862050_7.jpg](img156862050_7.jpg)

Principal Stockholders

Set forth in the table below is information about the number of shares held by persons we know to be the beneficial owners of more than 5% of our issued and outstanding common stock based on the most recent Schedule 13G/A reports filed with the SEC by such beneficial owners.

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| | | | |
|:---|:---|:---|:---|
| **Name and Address of<br>Beneficial Owner** | **Aggregate Number of<br>Shares of Common Stock Beneficially Owned** | **Percent of<br>Outstanding<br>Shares of<br>Common Stock** | **Additional Information** |
| The Vanguard Group<br>100 Vanguard Blvd<br>Malvern, PA 19355 | 3671350 | 10.5% | Based on a Schedule 13G/A filed by The Vanguard Group ("Vanguard") on February 13, 2024. Vanguard has sole voting power with respect to 0 shares of our common stock; shared voting power with respect to 14,597 shares of our common stock; sole dispositive power with respect to 3,619,547 shares of our common stock; and shared dispositive power with respect to 51,803 shares of our common stock. |
| Kayne Anderson Rudnick<br>Investment Management LLC<br>2000 Avenue of the Stars<br>Suite 1100<br>Los Angeles, CA 90067 | 3690764 | 10.5% | Based on a Schedule 13G/A filed by Kayne Anderson Rudnick Investment Management LLC ("Kayne Anderson") on February 13, 2024. Kayne Anderson has sole voting power with respect to 2,399,838 shares of our common stock; shared voting and shared dispositive voting power with respect to 859,351 shares of our common stock, and sole dispositive power with respect to 2,831,413 shares of our common stock. |
| Blackrock, Inc.<br>50 Hudson Yards<br>New York, NY 10001 | 3213862 | 9.2% | Based on a Schedule 13G/A filed by BlackRock, Inc. ("BlackRock") on January 25, 2024. BlackRock has sole voting power with respect to 3,143,745 shares of our common stock; sole dispositive power with respect to 3,213,862 shares of our common stock; and shared voting and shared dispositive power with respect to 0 shares of our common stock. |

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STOCK OWNERSHIP

![img156862050_7.jpg](img156862050_7.jpg)

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| | | | |
|:---|:---|:---|:---|
| **Name and Address of<br>Beneficial Owner** | **Aggregate Number of<br>Shares of Common Stock Beneficially Owned** | **Percent of<br>Outstanding<br>Shares of<br>Common Stock** | **Additional Information** |
| FMR LLC<br>245 Summer Street<br>Boston, MA 02210 | 2977192 | 8.6% | Based on a Schedule 13G/A filed by FMR LLC ("FMR") on February 9, 2024. FMR has sole voting power with respect to 2,995,992 shares of our common stock; sole dispositive power with respect to 2,977,192 shares of our common stock; and shared voting and shared dispositive power with respect to 0 shares of our common stock. |

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Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires directors, certain officers, and persons who beneficially own more than 10% of our common stock (the "Reporting Persons") to file initial reports of ownership and reports of changes in ownership with the SEC. Reporting Persons are required by SEC rules to provide the Company with a copy of all Section 16(a) forms they file.

Based solely on a review of such forms and written representations from the directors and officers subject to Section 16(a) of the Exchange Act, the Company believes that the Reporting Persons complied with all Section 16(a) filing requirements since the beginning of fiscal 2025.

Primerica 2026 Proxy Statement 93

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Related Party Transactions

![img156862050_141.jpg](img156862050_141.jpg)

Our Board has adopted a written policy with respect to related party transactions. This policy provides procedures for the review, and approval or ratification, of certain transactions involving related parties required to be reported under applicable rules of the SEC. The policy, which is administered by the Audit Committee, applies to any transaction or series of transactions in which we or one of our subsidiaries is a participant, the amount involved exceeds or may be expected to exceed $120,000 in any fiscal year and a related party has a direct or indirect material interest. Under the policy, a related party includes: (i) any person who is or was, since the beginning of the last fiscal year, a director, executive officer or nominee for election as a director; (ii) a greater than 5% beneficial owner of any class of our voting securities; (iii) an immediate family member of either of the foregoing persons; or (iv) any entity in which any of the foregoing persons is employed or is a partner or principal or in a similar position in which such person has a 5% or greater beneficial ownership interest. Related party transactions are referred to the Audit Committee for approval, ratification or other action. Based on its consideration of all of the relevant facts and circumstances, the Audit Committee will approve or ratify a related party transaction only if it determines the transaction is in, or is not inconsistent with, the best interests of the Company and our stockholders.

Mr. J. Addison, one of our directors, served on the board of directors of LegalShield until August 2025. The Company has a long-standing business relationship with LegalShield pursuant to which Primerica and members of the independent sales force receive a commission for sales of LegalShield's legal protection plans. The Company does not believe that Mr. Addison has or had any material interest, whether direct or indirect, in these transactions or our arrangements with LegalShield.

In June 2017, the Company signed a consulting agreement with Mr. J. Addison pursuant to which he receives $25,000 per quarter to perform various services requested by our Chief Executive Officer.

The Company has employed Kyle Addison and Tyler Addison (both sons of Mr. J. Addison) since October 2009 and December 2014, respectively, each in non-executive positions. During 2025, Messrs. T. Addison and K. Addison earned total compensation of approximately $207,000 and $168,000, respectively. The compensation of each of Messrs. K. Addison and T. Addison is consistent with that of other employees with equivalent qualifications and responsibilities and holding similar positions. Mr. J. Addison did not participate in any decision regarding the hiring or compensation of either of his sons.

Primerica 2026 Proxy Statement 94

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Information About Voting and

the Annual Meeting

![img156862050_142.jpg](img156862050_142.jpg)

We are furnishing this Proxy Statement in connection with the solicitation by our Board of Directors of proxies for the Annual Meeting for the purposes set forth in the accompanying Notice of 2026 Annual Meeting of Stockholders. The Annual Meeting will be held on Thursday, May 21, 2026 at 8:30 a.m., local time, at the Primerica Home Office located at 1 Primerica Parkway, Duluth, Georgia 30099.

On or about April 2, 2026, we will mail a Notice of Internet Availability of Proxy Materials to holders of our common stock as of March 23, 2026, other than those holders who previously requested electronic or paper delivery of communications from us. The notice will contain instructions on: (i) how to access this Proxy Statement and the 2025 Annual Report to Stockholders (the "Annual Stockholders Report"); and (ii) how to vote over the Internet, how to request and return a proxy card by mail and how to vote by telephone.

What is the purpose of this Proxy Statement?

This Proxy Statement provides information regarding matters to be voted on at the Annual Meeting. Additionally, it contains certain information that the SEC requires us to provide annually to our stockholders. This Proxy Statement is also used by our Board of Directors to solicit proxies to be used at the Annual Meeting so that all stockholders of record have an opportunity to vote on the matters to be presented at the Annual Meeting, even if they cannot attend the meeting. Our Board has designated a Proxy Committee, which will vote the shares represented by proxies at the Annual Meeting in the manner indicated by the proxies (the "Proxy Committee"). The members of the Proxy Committee are Mr. G. Williams, our Chief Executive Officer, and Mr. Schneider, our President.

Why did I receive a Notice of Internet Availability of Proxy Materials in the mail instead of a printed set of proxy materials?

We are permitted by SEC rules to furnish our proxy materials over the Internet to our stockholders by delivering a Notice of Internet Availability of Proxy Materials in the mail. We believe that this "e-proxy" process expedites your receipt of proxy materials, while lowering the costs and reducing the environmental impact of the Annual Meeting. Unless requested, holders of our common stock will not receive a printed copy of the proxy materials in the mail. Instead, the Notice of Internet Availability of Proxy Materials instructs you on how to access and review this Proxy Statement and the Annual Stockholders Report over the Internet at *www.proxyvote.com*. The Notice of Internet Availability of Proxy Materials also instructs you as to how you may vote over the Internet and how to request and return a proxy card by mail. If you receive a Notice of Internet Availability of Proxy Materials in the mail and would like to receive a printed copy of the proxy materials, then you should follow the instructions for requesting these materials provided in the Notice of Internet Availability of Proxy Materials.

Who is entitled to vote on the matters discussed in this Proxy Statement?

You are entitled to vote if you were a stockholder of record of our common stock as of the close of business on March 23, 2026. Your shares can be voted at the Annual Meeting only if you are present at the meeting or represented by a valid proxy.

94<br>

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INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

![img156862050_7.jpg](img156862050_7.jpg)

What constitutes a quorum for the Annual Meeting?

The holders of a majority of the outstanding shares of our common stock as of the close of business on the record date must be present at the Annual Meeting, or represented by valid proxy, to constitute a quorum necessary to conduct the Annual Meeting. On the record date, 31,397,082 shares of our common stock were issued and outstanding. Shares represented by valid proxies received but marked as abstentions, and shares represented by valid proxies received but reflecting broker non-votes, will be counted as present at the Annual Meeting for purposes of establishing a quorum. See "— I am a beneficial holder. How are my shares voted if I do not return voting instructions" for a description of broker non-votes.

How many votes am I entitled to for each share of common stock I hold?

Each share of our common stock represented at the Annual Meeting is entitled to one vote for each director nominee with respect to the proposal to elect directors and one vote for each of the other proposals to be voted on. Proxies cannot be voted for a greater number of persons than the number of nominees named in this Proxy Statement.

What proposals will require my vote?

You are being asked to vote on the following proposals:

• The election of the nine director nominees named in this Proxy Statement (Proposal 1);

• The consideration of an advisory vote on the compensation of our named executive officers as disclosed in this Proxy Statement (Say-on-Pay) (Proposal 2); and

• The ratification of the appointment of KPMG as our independent registered public accounting firm for fiscal 2026 (Proposal 3).

What vote is required to approve each proposal or elect directors, and how will my vote be counted?

Proposal 1: Election of Directors

Stockholders have the option of voting "FOR", voting "AGAINST" or "ABSTAIN" from voting with respect to each director nominee. Each director will be elected by a majority of the votes cast, meaning that each director nominee must receive a greater number of shares voted "FOR" such director than the shares voted "AGAINST" such director. If an incumbent director does not receive a greater number of shares voted "FOR" such director than shares voted "AGAINST" such director, then such director must tender his or her resignation to the Board. In that situation, the Board would decide whether to accept or reject the resignation, or whether to take other action and would publicly disclose its decision and the rationale behind its decision. Any shares that are not voted (whether by abstention or otherwise) will have no effect on the outcome of the vote with respect to this proposal. Proxies cannot be voted for a greater number of persons than the number of nominees named in this Proxy Statement.

Proposal 2: Advisory Vote on Executive Compensation (Say-on-Pay)

This proposal requires approval by the holders of at least a majority of the shares represented at the Annual Meeting, by valid proxy or otherwise, and entitled to vote. Any abstention will have the same effect as a vote against this proposal. This is an advisory vote and is therefore not binding.

Primerica 2026 Proxy Statement 95

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INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

![img156862050_7.jpg](img156862050_7.jpg)

Proposal 3: Ratification of the Appointment of KPMG LLP as Our Independent Registered Public Accounting Firm

This proposal requires approval by the holders of at least a majority of the shares represented at the Annual Meeting, by valid proxy or otherwise, and entitled to vote. Any abstention will have the same effect as a vote against this proposal.

How does our Board of Directors recommend that I vote?

Our Board recommends that you vote:

• "FOR" the election of the nine director nominees named in this Proxy Statement (Proposal 1);

• "FOR" approval, on an advisory basis, of the compensation of our named executive officers as disclosed in this Proxy Statement (Proposal 2); and

• "FOR" the ratification of the appointment of KPMG as our independent registered public accounting firm for fiscal 2026 (Proposal 3).

What is the difference between a registered stockholder and a beneficial holder of shares?

If your shares of our common stock are registered directly in your name with our transfer agent, Computershare, Inc., then you are considered a "registered stockholder" with respect to those shares. Registered stockholders and holders of shares held in the Primerica, Inc. Stock Purchase Plan (the "Stock Purchase Plan") will receive a Notice of Internet Availability of Proxy Materials containing instructions on how to access this Proxy Statement and the Annual Stockholders Report and how to vote over the Internet and how to request and return a proxy card by mail.

If your shares are held in "street name" through a broker, bank or other nominee, then you are considered the "beneficial holder" of the shares held for you. Beneficial holders of shares should refer to the instructions provided by their broker, bank or other nominee regarding how to vote their shares or to revoke previous voting instructions. The availability of Internet and telephone voting depends on the voting processes of the broker, bank or other nominee. As the beneficial holder, you have the right to direct your broker, bank or other nominee how to vote your shares. Beneficial holders may vote at the meeting only if they have a legal proxy to vote their shares.

How do I vote?

If you are a registered stockholder, then you have four voting options. You may vote:

• Over the Internet at the web address noted in the Notice of Internet Availability of Proxy Materials, proxy materials e-mail or proxy card that you received;

• By telephone through the number noted on your proxy card (if you received a proxy card);

• By signing and dating your proxy card (if you received a proxy card) and mailing it in the prepaid and addressed envelope enclosed therewith; or

• By attending the Annual Meeting and voting at that time.

We encourage you to vote your shares as soon as possible by proxy even if you plan to attend the Annual Meeting.

If you are a beneficial holder, then please refer to the instructions provided by your broker, bank or other nominee regarding how to vote.

96<br>

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INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

![img156862050_7.jpg](img156862050_7.jpg)

I am a beneficial holder. How are my shares voted if I do not return voting instructions?

Your shares may be voted if they are held in the name of a brokerage firm, even if you do not provide the brokerage firm with voting instructions. Under the rules of the NYSE, brokerage firms have the authority to vote shares on certain routine matters for which their customers do not provide voting instructions by the tenth day before the Annual Meeting. The ratification of the appointment of KPMG as our independent registered public accounting firm for fiscal 2026 is considered a routine matter.

None of the other proposals to be considered at the Annual Meeting is considered a routine matter. If a proposal is not a routine matter and the brokerage firm has not received voting instructions from the beneficial holder of the shares with respect to that proposal, then the brokerage firm cannot vote the shares on that proposal. This is called a "broker non-vote." In tabulating the voting result for any particular proposal that is not a routine matter, shares that are subject to broker non-votes with respect to that proposal will not be considered votes either for or against the proposal and, therefore, will have no effect on the outcome of the vote for that proposal.

**It is very important that you provide voting instructions to your brokerage firm if you want your shares to be voted at the Annual Meeting on a non-routine matter.** 

Can I change my mind after I vote?

If you are a registered stockholder and you vote by proxy, then you can revoke that proxy at any time before it is voted at the Annual Meeting. You can do this in one of the following three ways:

• Vote again using the Internet or by telephone prior to the Annual Meeting;

• Sign another proxy card with a later date and return it to us prior to the Annual Meeting; or

• Attend the Annual Meeting and vote again at that time.

Beneficial holders of shares should refer to the instructions provided by their broker, bank or other nominee regarding how to vote their shares or to revoke previous voting instructions.

How will a proposal or other matter that was not included in this Proxy Statement be handled for voting purposes if it is raised at the Annual Meeting?

If any matter that is not described in this Proxy Statement should properly come before the Annual Meeting, then the Proxy Committee will vote the shares represented by valid proxies in accordance with its best judgment. Notwithstanding the foregoing, shares represented by valid proxies that are marked to deny discretionary authority to the Proxy Committee on other matters considered at the Annual Meeting will not be voted on those other matters and will not be counted in determining the number of votes cast with respect to those other matters. At the time this Proxy Statement was printed, management was unaware of any other matters that might be presented for stockholder action at the Annual Meeting.

Who will tabulate and certify the vote?

Representatives of Broadridge Financial Solutions, Inc. ("Broadridge") will tabulate the vote, and a representative of Carl T. Hagberg and Associates will act as the independent inspector of elections for the Annual Meeting and will certify the final vote.

Primerica 2026 Proxy Statement 97

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INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

![img156862050_7.jpg](img156862050_7.jpg)

What does it mean if I receive more than one Notice of Internet Availability of Proxy Materials, proxy materials e-mail or proxy card?

This means that you have multiple accounts holding shares of our common stock with brokers and/or our transfer agent. You will need to vote separately with respect to each Notice of Internet Availability of Proxy Materials, proxy materials e-mail or proxy card that you receive. Please vote all of the shares you are entitled to vote.

Does the Company participate in householding?

A single set of proxy materials, along with individual proxy cards, or individual Notices of Internet Availability of Proxy Materials, will be delivered in one envelope to multiple stockholders of record having the same last name and address, unless contrary instructions have been received from an affected stockholder. This is referred to as "householding." We believe this procedure provides greater convenience to our stockholders and saves money by reducing our printing and mailing costs and fees. If you would like to enroll in this service or receive individual copies of all documents, then please contact Broadridge by calling toll-free at 1-866-540-7095, or by writing to Broadridge Financial Solutions, Inc., Householding Department, 51 Mercedes Way, Edgewood, New York 11717. Alternatively, if you participate in householding and would like to revoke your consent or otherwise would like to receive separate copies of our proxy materials, then please contact Broadridge as described above and we will promptly deliver them to you upon your written or oral request.

A number of brokerage firms have instituted householding. If you hold your shares in street name, then please contact your bank, broker or other nominee to request information about householding.

How do I vote the shares that I purchased through the Stock Purchase Plan?

If you are a registered stockholder and you own shares of our common stock through the Stock Purchase Plan, and the accounts are registered in the same name, then you will receive one Notice of Internet Availability of Proxy Materials representing your combined shares. If your registered account and your Stock Purchase Plan are registered in different names, then you will receive separate Notices of Internet Availability of Proxy Materials. If you hold shares through the Stock Purchase Plan, then your vote must be received by 11:59 p.m. Eastern daylight savings time on May 20, 2026, unless you vote at the Annual Meeting.

What happens if I abstain from voting?

Abstentions with respect to a proposal are counted for purposes of establishing a quorum. If a quorum is present, then: (i) abstentions will have no effect on the outcome of the vote with respect to Proposal 1 (election of directors); and (ii) abstentions will have the same effect as a vote against Proposal 2 (Say-on-Pay) and Proposal 3 (ratification of the appointment of KPMG as our independent registered public accounting firm for fiscal 2026).

What do I need to do if I want to attend the Annual Meeting?

You do not need to make a reservation to attend the Annual Meeting. However, attendance at the Annual Meeting is limited to Primerica stockholders, members of their immediate families or their named representatives. The Company reserves the right to limit the number of named representatives who may attend the Annual Meeting. In order to gain admittance to the meeting, you may be required to show evidence that you were a holder of our common stock on the record date.

98<br>

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INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

![img156862050_7.jpg](img156862050_7.jpg)

How can I listen to the live webcast of the Annual Meeting?

We expect to make available a live webcast of the Annual Meeting on our investor relations website at *https:*//*investors.primerica.com .* The webcast will allow you to listen to the Annual Meeting, but stockholders accessing the Annual Meeting through the webcast will not be considered present at the Annual Meeting and will not be able to vote their shares through the webcast or ask questions. If you plan to listen to the live webcast, then please submit your vote prior to the Annual Meeting using one of the methods described under "How do I vote?" above. An archived copy of the webcast will be available at *https:*//*investors.primerica.com* until at least June 21, 2026. Registration to listen to the webcast will be required. We have included our website address for reference only. The information contained on our website is not incorporated by reference into this Proxy Statement.

Could the Annual Meeting be Switched to Remote Communication?

In the event it is not possible or advisable to hold the Annual Meeting in person, we will announce alternative arrangements for the meeting as promptly as practicable, which may include holding the meeting solely by means of remote communication. Please monitor our investor relations website at *https:*//*investors.primerica.com* for updated information*.* 

How are proxies solicited and what is the cost?

We bear all expenses incurred in connection with the solicitation of proxies. We have engaged D.F. King & Co., Inc. to assist with the solicitation of proxies for an annual fee of $8,500 plus expenses. We will reimburse brokers, fiduciaries and custodians for their costs in forwarding proxy materials to beneficial owners of our common stock. Our directors, officers and employees also may solicit proxies by mail, telephone and personal contact. They will not receive any additional compensation for these activities.

**IN ORDER THAT YOUR SHARES OF OUR COMMON STOCK MAY BE REPRESENTED AT THE ANNUAL MEETING IN CASE YOU ARE NOT PERSONALLY PRESENT, YOU ARE REQUESTED TO FOLLOW THE VOTING INSTRUCTIONS PROVIDED IN THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS, PROXY MATERIALS E-MAIL OR PROXY CARD.** 

**Important Notice Regarding the Availability of Proxy Materials for the 2026 Annual Meeting of Stockholders to be Held on May 21, 2026. <br>The Proxy Statement and the 2025 Annual Report to Stockholders are available free of charge at *www.proxyvote.com* and at *https*://*investors.primerica.com***<br>

Primerica 2026 Proxy Statement 99

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Other Stockholder Information

![img156862050_143.jpg](img156862050_143.jpg)

Other Information

Consolidated financial statements for Primerica, Inc. are included in the 2025 Annual Report, a copy of which is available on our investor relations website at *https:*//*investors.primerica.com* as well as at the website of the SEC at *www.sec.gov.* A printed copy of the 2025 Annual Report (excluding exhibits) will be furnished, without charge, by writing to the Corporate Secretary, Primerica, Inc., One Primerica Parkway, Duluth, Georgia 30099.

Proposals Pursuant to Rule 14a-8

The Company encourages stockholders to contact our Corporate Secretary prior to submitting a stockholder proposal or any time they have concerns about the Company. At the direction of our Board, our Corporate Secretary acts as the corporate governance liaison to our stockholders. Proposals that stockholders would like to include in the Company's proxy materials for presentation at the 2027 Annual Meeting must be received by our Corporate Secretary by 5:00 p.m. local time on December 9, 2026, and must otherwise comply with SEC rules in order to be eligible for inclusion in the proxy materials for the 2027 Annual Meeting. Such proposals should be submitted to the Corporate Secretary, Primerica, Inc., One Primerica Parkway, Duluth, Georgia 30099, or by fax to 470-564-7202.

Proxy Access Director Nominees

A stockholder or group of no more than 20 stockholders that has owned at least 3% of our common stock for at least three years may nominate directors to our Board and have those nominees included in our proxy materials to be voted on at the Company's Annual Meeting of Stockholders. The maximum number of stockholder nominees that will be included in our proxy materials with respect to any such annual meeting is the greater of (i) two or (ii) 20% of directors to be elected. For proxy access nominees to be considered at the 2027 Annual Meeting, the nomination notice must be received by our Corporate Secretary no earlier 5:00 p.m. local time on November 9, 2026 and no later than 5:00 p.m. local time on December 9, 2026. Among other things, the notice must include the information and documents described in our By-Laws. Except for a nomination of a director to our Board made by a stockholder in compliance with: (i) the notice requirements for director nominations set forth in our By-Laws (see "- Other Proposal and Director Nominees" below), and (ii) Rule 14a-19 under the Exchange Act, compliance with the proxy access provisions set forth in our By-Laws is the exclusive method for stockholders to include nominees for election to the Board in our proxy materials.

Proxy Solicitation Pursuant to Rule 14a-19

To comply with the universal proxy rules regarding proxy solicitations for the 2027 Annual Meeting, stockholders who intend to solicit proxies in support of director nominees other than the Company's nominees must provide notice to the Corporate Secretary that sets forth the information required by Rule 14a-19 under the Exchange Act by no later than 5:00 p.m. local time on March 22, 2027. If any stockholder provides such notice and subsequently: (i) fails to comply with the requirements of Rule 14a-19(a)(2) or Rule 14a-19(a)(3) or (ii) fails to provide reasonable evidence to the Company, no later than five business days prior to the meeting, that such stockholder has met the requirements of Rule 14a-19(a)(3), then the nomination of each such proposed nominee, and the proxies in respect of the election of each such proposed nominee that are received by the Company, will be disregarded.

100<br>

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OTHER STOCKHOLDER INFORMATION

![img156862050_7.jpg](img156862050_7.jpg)

Other Proposals and Director Nominees

Our Board and management do not currently intend to bring before the Annual Meeting any matters other than those disclosed in the Notice of Annual Meeting of Stockholders, nor are they aware of any business which other persons intend to present at the Annual Meeting. Should any other matter or business requiring a vote of stockholders arise, the Proxy Committee intends to exercise the authority conferred by the proxy and vote the shares represented thereby in respect of any such other matter or business in accordance with its best judgment in the interest of the Company.

If a stockholder would like to bring a matter before a meeting that is not the subject of a proposal that meets the SEC proxy rule requirements for inclusion in the proxy statement, the stockholder must follow procedures in our By-Laws in order to personally present the proposal at the meeting.

One of the procedural requirements in our By-Laws is timely notice in writing of the business the stockholder proposes to bring before the meeting. Notice of business proposed to be brought before the 2027 Annual Meeting must be received by our Corporate Secretary no earlier than by 5:00 p.m. local time on January 21, 2027, and no later than 5:00 p.m. local time on February 20, 2027. Among other things, the notice must describe the business proposed to be brought before the meeting, the reasons for conducting the business at the meeting, and any material interest of the stockholder in the business. Pursuant to Rule 14a-4 under the Exchange Act, if a stockholder notifies the Company after February 22, 2027 of an intent to present a proposal at the 2027 Annual Meeting (and for any reason the proposal is voted upon at the 2027 Annual Meeting), then the Proxy Committee will have the right to exercise discretionary voting authority with respect to the proposal without including information regarding the proposal in its proxy materials.

A stockholder also may directly nominate someone for election as a director at a stockholders' meeting. Under our By-Laws, a stockholder may nominate a candidate at the 2027 Annual Meeting by providing advance notice to the Company to our Corporate Secretary that is received no earlier than 5:00 p.m. local time on January 21, 2027, and no later than 5:00 p.m. local time on February 20, 2027. Such notice shall contain all of the information specified in our By-Laws, and the nominating stockholder must comply with the applicable requirements of Rule 14a-9 under the Exchange Act. In the event that the date of the 2027 Annual Meeting is more than 30 days before or more than 60 days after the anniversary date of the Annual Meeting, the notice must be delivered to our Corporate Secretary not earlier than the 120th day prior to the 2027 Annual Meeting and not later than the later of the 90th day prior to the 2027 Annual Meeting or, if the first public announcement of the date of the 2027 Annual Meeting is less than 100 days prior to the date of the 2027 Annual Meeting, the 10th day following the day on which public announcement of the date of the 2027 Annual Meeting is first made by the Company. A copy of the procedures and requirements related to the above matters is available upon request from our Corporate Secretary or can be found on our investor relations website at *https:*//*investors.primerica.com*. The notices required above must be sent to our Corporate Secretary, Primerica, Inc., One Primerica Parkway, Duluth, Georgia 30099, or by fax to 470-564-7202.

By Order of Our Board,

![img156862050_144.jpg](img156862050_144.jpg)

Stacey K. Geer

*Corporate Secretary* 

Duluth, Georgia

April 2, 2026

Primerica 2026 Proxy Statement 101

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Exhibit A

![img156862050_145.jpg](img156862050_145.jpg)

**Reconciliation of GAAP and Non-GAAP Financial Measures** 

We report the Company's financial results in accordance with GAAP. In addition, we present certain non-GAAP financial measures including adjusted operating revenues, adjusted net operating income, diluted adjusted operating earnings per share, and average adjusted stockholders' equity.

Adjusted operating revenues, adjusted net operating income and diluted adjusted operating earnings per share exclude the impact of investment gains (losses) and fair value mark-to-market ("MTM") investment adjustments, including credit impairments, for all periods presented. We exclude investment gains (losses), including credit impairments, and MTM investment adjustments in measuring these non-GAAP financial measures to eliminate period-over-period fluctuations that may obscure comparisons of operating results due to items such as the timing of recognizing gains (losses) and market pricing variations prior to an invested asset's maturity or sale that are not directly associated with the Company's insurance operations. Also excluded from these non-GAAP financial measures is the receipt of insurance proceeds under a Representation and Warranty policy purchased in connection with the 2021 acquisition of e-TeleQuote. We exclude this gain from our non-GAAP financial measures as it represents a non-recurring item that causes incomparability in the Company's results. Adjusted net operating income and diluted adjusted operating earnings per share also exclude corporate restructuring and related charges associated with the decision to exit the Senior Health business in 2024. We exclude these items from our non-GAAP financial measures as they are not useful in evaluating the Company's ongoing operations. Adjusted net operating income and diluted adjusted operating earnings per share also exclude the tax effect of pre-tax operating adjustments and the valuation allowance recognized in 2024 for e-TeleQuote's state net operating losses, which is required to be reported in income taxes from continuing operations. We exclude these items from our non-GAAP financial measures as they represent the tax effect of pre-tax operating adjustments and/or non-recurring items that will cause incomparability between period-over-period results.

Adjusted stockholders' equity excludes the impact of net unrealized investment gains (losses) recorded in accumulated other comprehensive income (loss) for all periods presented. We exclude unrealized investment gains (losses) in measuring average adjusted stockholders' equity as unrealized gains (losses) from the Company's available-for-sale securities are largely caused by market movements in interest rates and credit spreads that do not necessarily correlate with the cash flows we will ultimately realize when an available-for-sale security matures or is sold. Average adjusted stockholders' equity also excludes the difference in future policy benefits calculated using the current discount rate and future policy benefits calculated using the locked-in discount rate at contract issuance recognized in accumulated other comprehensive income (loss). We exclude the impact from the difference in the discount rate in measuring average adjusted stockholders' equity as such difference is caused by market movements in interest rates that are not permanent and may not align with the cash flows we will ultimately incur when policy benefits are settled.

Our definitions of these non-GAAP financial measures may differ from the definitions of similar measures used by other companies. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company's performance.

A-1<br>

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&nbsp;&nbsp;EXHIBIT A<br>

![img156862050_7.jpg](img156862050_7.jpg)

Furthermore, management believes that these non-GAAP financial measures may provide users with additional meaningful comparisons between current results and results of prior periods as they are expected to be reflective of the core ongoing business. These measures have limitations, and users should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP.

Reconciliations of GAAP to non-GAAP financial measures are set forth below. Subtotals are calculated prior to rounding line item components.

---

| | | |
|:---|:---|:---|
|  | **Fiscal 2025** | **Fiscal 2024** |
|  | **(In millions)** | **(In millions)** |
| Total revenues | $3291.7 | $3089.1 |
| Adjusted operating revenues reconciling items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Investment gains (losses) | (0.8) | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: MTM investment adjustments | 0.6 | 1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Insurance claim proceeds | - | 50.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted operating revenues | $3292.0 | $3035.9 |

---

---

| | | |
|:---|:---|:---|
|  | **Fiscal 2025** | **Fiscal 2024** |
|  | **(In millions)** | **(In millions)** |
| Net Income from continuing operations | $751.2 | $720.1 |
| Net adjusted operating income reconciling items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Investment gains (losses) | (0.8) | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: MTM investment adjustments | 0.6 | 1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Insurance claim proceeds | - | 50.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Restructuring costs | - | (2.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Tax impact of preceding items | 0.1 | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Valuation allowance on Senior Health NOLs | - | (11.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted net operating income | $751.4 | $680.9 |

---

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| | | |
|:---|:---|:---|
|  | **Fiscal 2025** | **Fiscal 2024** |
| Diluted earnings per share from continuing operations | $22.91 | $20.99 |
| Diluted adjusted operating earnings per share reconciling items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net after-tax impact of operating adjustments | (0.01) | 1.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted adjusted operating earnings per share | $22.92 | $19.84 |

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Primerica 2026 Proxy Statement A-2

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&nbsp;&nbsp;EXHIBIT A<br>

![img156862050_7.jpg](img156862050_7.jpg)

---

| | | |
|:---|:---|:---|
|  | **Fiscal 2025** | **Fiscal 2024** |
|  | **(Dollars in millions)** | **(Dollars in millions)** |
| Average stockholders' equity | $2303.1 | $2104.3 |
| Average adjusted stockholders' equity reconciling items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Unrealized net investment gains (losses) recorded in<br> stockholders' equity, net of tax | (119.0) | (159.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Effect of change in discount rate assumptions on the<br> liability for future policy benefits | 153.9 | 79.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average adjusted stockholders' equity | $2268.2 | $2185.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted net operating income return on adjusted<br> stockholders' equity | 33.1% | 31.2% |

---

A-3<br>

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Location for the 2026 Annual Meeting of Stockholders

![img156862050_146.jpg](img156862050_146.jpg)

**PRIMERICA, INC.** 

Thursday, May 21, 2026 at 8:30 a.m., local time

**Primerica Home Office** 

**1 Primerica Parkway** 

**Duluth, Georgia 30099** 

From downtown Atlanta:

• Take I-85 North to GA-120 — Exit 105 towards Duluth

• Continue 2.5 miles on access road towards Duluth and take GA 120W exit

• Continue to third stoplight on GA-120W (0.5 miles) and make a right turn onto Primerica Parkway

• Continue to second roundabout and go left, then make a right turn into the Primerica parking lot

Please note that we intend to hold the Annual Meeting in person and to provide a live webcast of the meeting on our investor relations website, *https:*//*investors.primerica.com*. In the event it is not possible or advisable to hold the Annual Meeting in person, we will announce alternative arrangements for the meeting as promptly as practicable, which may include holding the meeting solely by means of remote communication. Please monitor our investor relations website at *https:*//*investors.primerica.com* for updated information*.* 

**Please note that attendance at the Annual Meeting will be limited to stockholders of Primerica, Inc. as of the record date, members of their immediate family or their named representatives.** <br>

![img156862050_147.jpg](img156862050_147.jpg)

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![img156862050_148.jpg](img156862050_148.jpg)

Primerica PRIMERICA, INC. 1 PRIMERICA PARKWAY DULUTH, GA 30099 Scan to view materials & vote VOTE BY INTERNET - www.proxyvote.com or scan the QR Barcode above Use the Internet to transmit voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time on May 20, 2026. Follow the instructions to obtain stock records and to create an electronic voting instruction form. ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS To reduce the costs incurred by our company in mailing proxy materials, please consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years. VOTE BY PHONE - 1-800-690-6903 Use any touch-tone telephone to transmit voting instructions up until 11:59 p.m. Eastern Time on May 20, 2026. Have this proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date this proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: V85071-P45781 KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. PRIMERICA, INC. The Board of Directors recommends you vote FOR each of the nominees named in Proposal 1, FOR on Proposal 2, and FOR on Proposal 3:1. To elect the following directors: Nominees: For Against Abstain For Against Abstain 1a. John A. Addison, Jr. ! ! ! 2. To consider an advisory vote on executive compensation (Say-on-Pay). ! ! ! 1b. Joel M. Babbit ! ! ! 3. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal 2026. ! ! ! 1c. Amber L. Cottle 1d. Cynthia N. Day 1e. Sanjeev Dheer 1f. D. Richard Williams 1g. Glenn J. Williams 1h. Darryl L. Wilson 1i. Barbara A. Yastine The shares represented by this proxy, when properly executed, will be voted in the manner directed herein by the undersigned stockholder(s). If no direction is made but the card is signed, this proxy will be voted FOR each of the nominees named in Proposal 1, FOR on Proposal 2, and FOR on Proposal 3 and in the discretion of the proxies with respect to such other business as may properly come before the meeting. Please sign your name exactly as it appears hereon. When signing as attorney, executor, administrator, trustee or guardian, please add your title as such. When signing as joint tenants, all parties in the joint tenancy must sign. If a signer is a corporation, please sign in full corporate name by duly authorized officer. Signature [PLEASE SIGN WITHIN BOX] Date Signature (joint Owners) date

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Primerica Annual Meeting of Stockholders May 21, 2026 8:30 a.m. Primerica Home Office, 1 Primerica Parkway, Duluth, GA 30099 The doors will open at 8:00 a.m. In the event it is not possible or advisable to hold our Annual Meeting in person, we will announce alternative arrangements for the meeting as promptly as practicable, which may include holding the meeting solely by means of remote communication. Please monitor our investor relations website at https://investors.primerica.com for updated information. Important Notice Regarding the Internet Availability of Proxy Materials for the AnnualMeeting: The Notice and Proxy Statement and Annual Report are available at www.proxyvote.com. V85072-P45781 Primerica Proxy THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF PRIMERICA, INC. The undersigned hereby appoints Peter W. Schneider and Glenn J. Williams, and each of them, with the power to act without the other and with power of substitution, as proxies and attorneys-in-fact and hereby authorizes them to represent and vote, as provided on the other side, all the shares of PRIMERICA, INC. common stock which the undersigned is entitled to vote and, in their discretion, to vote upon such other business as may properly come before the Annual Meeting of Stockholders of the Company to be held at 8:30 a.m., local time, May 21, 2026 at the Company's Home Office or any adjournment thereof, with all powers which the undersigned would possess if present at the Meeting. THIS PROXY CARD, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED. IF NO DIRECTION IS MADE BUT THE CARD IS SIGNED, THIS PROXY CARD WILL BE VOTED FOR THE ELECTION OF ALL NOMINEES UNDER PROPOSAL 1, FOR ON PROPOSAL 2, AND FOR ON PROPOSAL 3 AND IN THE DISCRETION OF THE PROXIES WITH RESPECT TO SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY ADJOURNMENT OR POSTPONEMENT THEREOF.

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