Primo Brands (PRMB) 10% Owner Tony W. Lee Sells Shares

What Happened
Tony W. Lee, reported as a 10% owner of Primo Brands Corp (PRMB), disposed of 20,410,340 shares on August 7, 2026. The shares were sold at $24.37 each for aggregate proceeds of $497,399,986. The transaction is reported as a sale (S) and described as an open market or private sale.

Key Details

• Transaction date and price: 2026-08-07 at $24.37 per share.
• Shares sold: 20,410,340; Proceeds: $497,399,986.
• Filing date: Form 4 filed 2026-08-10 (filed within the typical 2-business-day window).
• Ownership/beneficial notes: Footnotes state Triton Water Equity Holdings, LP (77,206,737 shares) and Triton Water Forward Holdings, LP (18,593,729 shares) are the record holders. ORCP III DE TopCo GP, LLC, Triton Water Parent Holdings, LP, Scott Spielvogel and Tony W. Lee share voting and investment discretion over those holdings and thus may be deemed to share beneficial ownership (each disclaims such beneficial ownership except to the extent of any pecuniary interest).
• Additional filings: Several related entities (ORCP III DE TopCo GP, LLP, Triton Water Parent Holdings, LP, Scott Spielvogel, Triton Water Equity Holdings, LP and Triton Water Equity Holdings GP, LLC) are filing separate Form 4s with respect to these securities.

Context
This was a large sale by a reported 10% owner/controlling-investor group rather than a routine executive buy. Sales by large holders can reflect portfolio or liquidity decisions; they are not, by themselves, definitive signals of company prospects. No options, awards, gifts, or tax-withholding transactions were reported in this filing.