Robert Austin

Chief Operating Officer (COO) at Primo Brands

Since November 8, 2024

Age

55 years

Tenure

Joined PRMB as COO on November 8, 2024.

Also at Primo Brands

Robbert Rietbroek

Chief Executive Officer

View →

David Hass

Chief Financial Officer (CFO)

View →

HSK

Hih Song Kim

Chief Administrative Officer and Assistant Corporate Secretary

About

Robert Austin is the Chief Operating Officer at Primo Brands Corporation (PRMB), having assumed this role on November 8, 2024. He is recognized for his extensive background in operations and supply chain management across major organizations.

Before joining PRMB, he held several leadership roles at BlueTriton, including serving as COO from June 2023 until his move to PRMB, along with a term as President from 2022 to 2023. His career also spans a lengthy tenure at Nestlé Waters, where he held key positions such as Senior Director of Supply Chain and National Operations Manager for the ReadyRefresh segment.

Earlier in his career, he demonstrated entrepreneurial skills by managing a startup, Austin Computer Enterprises, Inc., and held various managerial roles at Butler International from 1994 to 2004. Due to limited public information, details on his educational background and personal life are not available.

Past Roles

Organization	Role	Date Range	Details
BlueTriton	Chief Operating Officer	June 2023 - November 2024	N/A
BlueTriton	President	2022 - 2023	N/A
BlueTriton	Vice President of Field Operations	2021 - 2022	ReadyRefresh segment
Nestlé Waters	Senior Director of Supply Chain – ReadyRefresh	2006 - 2021	N/A
Nestlé Waters	National Operations Manager – Retail Direct for ReadyRefresh	2006 - 2021	N/A
Austin Computer Enterprises, Inc.	Managed growth of startup	1999 - 2004	N/A
Butler International	Managerial Roles	1994 - 2004	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$800,000	Annual	Annual base salary
Stock Awards	$1,403,778	As Granted	Total stock awards
Option Awards	$1,543,189	As Granted	Total option awards
All Other Compensation	$67,492	Annual	Includes allowances and perquisites
Long-Term Incentive Awards - Time-Based RSUs	$378,880	Vestes in three equal annual installments	11,937 RSUs granted on December 11, 2024
Long-Term Incentive Awards - Class B Units	$1,543,189	As Granted	3,000 Class B Units granted on October 3, 2024
Potential Severance Payments - Termination Without Cause	$4,854,170	Contingent on termination without cause	Includes cash severance, non-equity incentive plan payment, medical continuation, and accelerated awards
Potential Severance Payments - Termination in Connection with Change of Control	$5,329,529	Contingent on termination in connection with change of control	Includes cash severance, non-equity incentive plan payment, medical continuation, and accelerated awards
Accelerated Vesting Upon Change of Control	$1,080,304	Upon change of control	Accelerated vesting of equity awards

Performance Compensation

Data from FY 2024

Bonus Compensation (Short-Term Bonus)

Metric	Value	Details
Pro-rated Base Salary	$389,245	Fiscal 2024 pro-rated amount
Target Bonus Percentage	150%	Applied to pro-rated base salary
Pro-rated Bonus Target Amount	$583,867	Calculated as pro-rated salary x target bonus percentage
Individual Performance Factor	138%	Based on individual performance rating (4.2/5)
Company Performance Factor	174%	Based on achievement of company metrics: Retail EBITDA (190%), ReadyRefresh EBITDA (127%), Working Capital (100%), and Corporate Responsibility (100%)
Short-Term Bonus Payout (Post Promotion)	$1,402,787	Multiplied bonus target by performance factors
Total Short-Term Bonus Payout	$1,920,606	Full fiscal year payout

Non-Equity Incentive Plan Compensation

Metric	Value	Details
Pro-rated Base Salary	$331,579	Fiscal 2024 pro-rated amount
Target Bonus Percentage	65%	Applied to pro-rated base salary
Pro-rated Bonus Target Amount	$215,526	Calculated as base salary x bonus percentage
Individual Performance Factor	138%	Based on individual goals and competencies
Company Performance Factor	174%	Based on BlueTriton business metrics: Retail EBITDA (190% for 75% weight), ReadyRefresh EBITDA (127% for 25% weight), Working Capital (100% for 15% weight), and Corporate Responsibility (100% for 10% weight)
Pro-rated Short-Term Bonus Payout	$517,819	Calculated by applying performance factors to bonus target
Grant Date	October 3, 2024	For non-equity incentive component
Grant Date Fair Value	$1,543,189	Valuation at grant date
Vesting Schedule	RSUs vest in three equal annual installments	Subject to continued employment

Performance-Based RSUs (PSUs)

Metric	Value	Details
Threshold	9,268 shares	Minimum performance level for vesting
Target	23,172 shares	Expected performance level for full vesting
Maximum	46,344 shares	Cap on awards if performance exceeds target
Grant Date	December 11, 2024	Performance period begins from the next fiscal year
Grant Date Fair Value	$1,024,898	Estimated via Monte Carlo simulation
Grant Date Stock Price	$30.30	Average closing price from the eight trading days before grant
Vesting Schedule	Vests at the end of a three-year period (2025-2027)	Contingent on achieving TSR relative to the S&P 400 index and continued employment
Evaluation Period	Fiscal years 2025 to 2027	Total Shareholder Return measured against the S&P 400

This section outlines the performance components for 2024, covering bonus compensation, non-equity incentive plans, and performance-based RSUs with detailed metrics, targets, thresholds, vesting conditions, and evaluation periods.