Hass David W. 4
4 · Primo Brands Corp · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Primo Brands (PRMB) CFO David W. Hass Withholds Shares for Taxes
What Happened
David W. Hass, Chief Financial Officer of Primo Brands Corp (PRMB), had 2,719 shares of Class A common stock withheld to satisfy tax obligations upon the vesting of restricted stock units. The withholding was recorded on January 23, 2026, at a reported per-share value of $19.26, for a total value of approximately $52,368. This is a routine tax-withholding disposition (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: 2026-01-23; 2,719 shares withheld at $19.26 per share (total ≈ $52,368).
- Shares owned after transaction: 64,745 shares of Class A common stock (per filing footnote F2, across trusts and accounts).
- Footnotes: F1 notes the shares were withheld to satisfy tax obligations on vested RSUs. F2 breaks down reported beneficial holdings (trust, Roth IRA, HB Capital LLC, custodial accounts, spouse).
- Filing timeliness: Report filed 2026-01-27 for a 2026-01-23 transaction — filed within the Form 4 reporting window (timely).
Context
Tax-withholding dispositions for vested RSUs are routine and do not indicate a directional bet by the insider; they simply cover withholding obligations. This was not an open-market sale or purchase and therefore provides limited insight into the CFO’s view of the company’s prospects.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-01-23$19.26/sh−2,719$52,368→ 363,972 total
- 64,745(indirect: See Footnote)
Class A Common Stock
[F2]
Footnotes (2)
- [F1]Represents the number of Class A Common Stock withheld to satisfy tax obligations due upon the vesting of restricted stock units granted to the Reporting Person.
- [F2]Includes (i) 53,934 shares of Class A Common Stock held by David W. Hass Living Trust, of which reporting person is a trustee, (ii) 3,846 shares of Class A Common Stock held by a Roth IRA for the benefit of the reporting person, (iii) 3,481 shares of Class A Common Stock owned by HB Capital LLC, of which reporting person is a member, (iv) 2,656 shares of Class A Common Stock held by the nieces and nephews of the reporting person through custodial accounts under the Uniform Transfers to Minors Act for which the reporting person is custodian, and (v) 828 shares of Class A Common Stock held through reporting person's spouse. The reporting person may be deemed an indirect beneficial owner of the securities held directly by HB Capital LLC. The reporting person disclaims beneficial ownership of the securities held directly by HB Capital LLC, except to the extent of his pecuniary interest therein.