Mercedes Romero - Nov 8, 2024 Form 4 Insider Report for Primo Water Corp /CN/ (PRMW)

Role
Chief Procurement Officer
Signature
/s/ Marni Morgan Poe, as Attorney-in-fact
Stock symbol
PRMW
Transactions as of
Nov 8, 2024
Transactions value $
$0
Form type
4
Date filed
11/12/2024, 05:43 PM
Previous filing
Oct 1, 2024
Next filing
Nov 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRMW Common Shares Disposed to Issuer -28K -100% 0 Nov 8, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRMW Stock Option (right to buy) Disposed to Issuer -14.3K -100% 0 Nov 8, 2024 Common Shares 14.3K $13.68 Direct F3
transaction PRMW Stock Option (right to buy) Disposed to Issuer -7.88K -100% 0 Nov 8, 2024 Common Shares 7.88K $15.84 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 680.513 shares acquired by the reporting person since the date of the reporting person's last report through the Primo Water Corporation Employee Share Purchase Plan and through dividend reinvestment under such plan.
F2 The reported securities include 8,479 shares underlying time-based restricted share units ("RSUs") that have not yet vested. Pursuant to that certain Arrangement Agreement and Plan of Merger, dated June 16, 2024, (as amended, the "Arrangement Agreement"), by and among the Issuer, Triton Water Parent, Inc. ("BlueTriton"), Triton US HoldCo, Inc., a wholly-owned subsidiary of BlueTriton ("Primo Brands Corporation" formerly referred to as "NewCo"), Triton Merger Sub 1, Inc., a wholly-owned subsidiary of Primo Brands Corporation and 1000922661 Ontario Inc., a wholly-owned subsidiary of Primo Brands Corporation, the reported securities were disposed of in exchange for shares or RSUs, as the case may be, of Primo Brands Corporation Class A common stock at an exchange ratio of 1:1.
F3 Pursuant to the Arrangement Agreement, the reported stock options were disposed of in exchange for stock options to purchase Class A common shares of Primo Brands Corporation on the same terms and conditions of the Reporting Person's existing option grant award.