Form 4: Primo Brands Corp Director Billy D Prim Acquires Shares Under Non-Employee Director Compensation Policy
SEC Form 4 Filing
Director Billy D Prim acquired 5,317 shares of Class A Common Stock in Primo Brands Corp under the company's Non-Employee Director Compensation Policy.
Summary
- On May 1, 2025, Billy D Prim, a director of Primo Brands Corp, acquired 5,317 shares of Class A Common Stock.
- The acquisition was made pursuant to the Issuer's Non-Employee Director Compensation Policy.
- The price per share was $0.
- Following the transaction, Prim directly owns 1,078,019 shares of Class A Common Stock.
- Prim also indirectly owns 3,177 shares through the 2010 Irrevocable Trust fbo Joseph Alexander Bellissimo and 3,177 shares through the 2010 Irrevocable Trust fbo Jager Grayln Dean.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard compensation practice. The director's increased stake could be seen as a positive sign, but it's not a major event.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it demonstrates the director's increased alignment with their interests.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction: Billy D Prim acquired shares of Class A Common Stock. |
| 05/02/2025 | Date of signature: Form 4 signed by Michael James, Attorney-in-Fact. |
Keywords
Form 4, Beneficial Ownership, Director Compensation, Class A Common Stock, Primo Brands Corp, PRMB, Insider Trading
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