Ernest C. Kremling II - Mar 30, 2022 Form 4 Insider Report for Perimeter Solutions, SA (PRM)

Role: Chief Operating Officer
Signature: /s/ Noriko Yokozuka, as Attorney-in-Fact
Stock symbol: PRM
Transactions as of: Mar 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/1/2022, 05:24 PM
Previous filing: Nov 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PRM	Ordinary Shares						150K	Mar 30, 2022	Direct

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	PRM	Stock Option (right to buy)	Award	$0	+29.2K		$0.00	29.2K	Mar 30, 2022	Ordinary Shares	29.2K	$10.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 8, 2021, the reporting person was granted an option to purchase 1,029,167 ordinary shares of the Issuer. 29,167 of the ordinary shares underlying the option will be eligible to vest based on: (i) the achievement of certain performance criteria for the fiscal year ended December 31, 2021; and (ii) the reporting person remaining in continuous service through the first anniversary of the grant date. The remaining 1,000,000 of the ordinary shares underlying the option will be eligible to vest in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2022, 2023, 2024, 2025, and 2026. On March 30, 2022, the compensation committee certified that the Issuer had achieved the performance criteria for 2021. As a result, the 29,167 ordinary shares underlying the option are now eligible to vest based solely on the satisfaction of the continuous service requirement.

Content

On November 8, 2021, the reporting person was granted an option to purchase 1,029,167 ordinary shares of the Issuer. 29,167 of the ordinary shares underlying the option will be eligible to vest based on: (i) the achievement of certain performance criteria for the fiscal year ended December 31, 2021; and (ii) the reporting person remaining in continuous service through the first anniversary of the grant date. The remaining 1,000,000 of the ordinary shares underlying the option will be eligible to vest in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2022, 2023, 2024, 2025, and 2026. On March 30, 2022, the compensation committee certified that the Issuer had achieved the performance criteria for 2021. As a result, the 29,167 ordinary shares underlying the option are now eligible to vest based solely on the satisfaction of the continuous service requirement.