Form 4: One Rock Capital Partners Reduces Stake in Primo Brands Corp

Tony W. Lee, affiliated with One Rock Capital Partners, reports the disposition of 51,750,000 shares of Primo Brands Corp at $29.5 per share, reducing the group's beneficial ownership.

Summary

• Tony W. Lee, associated with One Rock Capital Partners, filed a Form 4 detailing changes in beneficial ownership of Primo Brands Corp shares.
• On March 12, 2025, 51,750,000 Class A Common Stock shares were disposed of at a price of $29.5 per share.
• Following the transaction, the reporting entities, including Triton Water Parent Holdings, LP and Triton Water Equity Holdings, LP, beneficially own 166,868,368 shares.
• The shares are held indirectly through Triton Water Parent Holdings, LP and Triton Water Equity Holdings, LP, with ORCP III DE TopCo GP, LLC acting as the general partner for Triton Water Parent Holdings, LP.
• Mr. Spielvogel and Mr. Lee share voting and investment discretion over these shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard filing reporting a transaction. The reduction in stake could be viewed negatively, but without further context, it's difficult to assess the overall impact.

Negatives

• One Rock Capital Partners reduced its stake in Primo Brands Corp by selling 51,750,000 shares.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• Shareholders may react to the reduced stake by One Rock Capital Partners, potentially influencing the stock price.

Key Dates