Form 4: Primo Brands Corp CFO Sells Shares to Cover Tax Obligations

David W. Hass, CFO of Primo Brands Corp, sold 2,006 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• David W. Hass, the Chief Financial Officer of Primo Brands Corp, has reported a transaction involving the company's Class A Common Stock.
• On January 23, 2025, Mr. Hass sold 2,006 shares of Class A Common Stock at a price of $32.57 per share.
• This sale was conducted to satisfy tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Mr. Hass directly owns 356,597 shares of Class A Common Stock.
• He also indirectly owns 48,835 shares through various entities including a living trust, a Roth IRA, HB Capital LLC, custodial accounts for nieces and nephews, and his spouse.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale for tax purposes. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions in company stock. This filing is typical for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are a common occurrence across all publicly traded companies, as they are required by the SEC for any transactions by company insiders.
• The sale of shares to cover tax obligations is a standard practice for executives who receive stock-based compensation.
• The number of shares sold and the price are specific to this transaction and do not have a direct industry benchmark.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive for tax purposes.

Key Dates

Keywords

Form 4, insider trading, stock sale, Primo Brands Corp, David W. Hass, CFO, Class A Common Stock, tax obligations, restricted stock units