PRMB: Primo Brands repurchases $10.0M of stock in August 2026 offering
Triton sold 20M shares at $24.37 ($487.4M) in secondary; company bought back 410,340 shares for $10.0M; new $300M buyback approved.
What this filing says
Primo Brands bought back 410,340 Class A shares from an affiliate of One Rock Capital Partners for about $10.0 million, concurrent with a secondary offering in which that affiliate sold 20,000,000 shares at $24.37. The company did not receive any offering proceeds. On November 3, 2026, the board approved a new $300.0 million repurchase program replacing the prior one, which had $40.8 million remaining as of September 30, 2026.
Key figures
- Shares repurchased from Triton
- 410,340 shares
- Repurchase cost
- $10.0 million
- Secondary offering shares sold
- 20,000,000 shares
- Offering price per share
- $24.37
- New repurchase authorization
- $300.0 million
- Remaining under prior program
- $40.8 million
Positive for shareholders
- The company repurchased shares, which can reduce the number of shares outstanding for remaining holders.
- The board approved a new $300.0 million repurchase program.
Negative for shareholders
- The company funded the $10.0 million share repurchase with cash on hand.
- The company received no proceeds from the 20,000,000-share secondary offering by its affiliate.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Secondary offering:
- A sale of already-issued shares by an existing large shareholder to the public, where the company itself gets none of the money.
- Share repurchase program:
- An authorization that lets a company buy back its own stock over time, at management's discretion, up to a set dollar amount.
FAQ
Did Primo Brands receive money from the August 2026 offering?
No. The filing states the company did not receive any proceeds from the sale of shares by Triton Water Equity Holdings.
How much did Primo Brands spend repurchasing shares from Triton?
The company repurchased 410,340 shares for an aggregate purchase price of approximately $10.0 million, funded with cash on hand.
Historical context for PRMB
Across the 26 sessions after earlier PRMB headlines, the stock closed higher 14 times and lower 12 times, with a median move of 2.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | PRMB | SPY |
|---|---|---|---|
| Nov 5, 2026 | Primo Brands Reports 2026 Third Quarter Results | +5.4% | -4.4% |
| Oct 20, 2026 | Primo Brands Receives International Bottled Water Association's 2026 Environmental Stewardship Award | +1.1% | +0.3% |
| Oct 14, 2026 | PRIMO BRANDS OPENS NEW MOUNTAIN VALLEY FACTORY AS DEMAND GROWS | -0.6% | -1.1% |
| Oct 7, 2026 | Primo Brands Announces Date for 2026 Third Quarter Earnings Release and Conference Call | -1.1% | -0.2% |
| Aug 27, 2026 | Primo Brands to Participate in Barclays 19th Annual Global Consumer Conference | -2.3% | +0.7% |
| Aug 6, 2026 | Primo Brands Corporation Announces Secondary Offering of 20,000,000 Shares of Class A Common Stock by an Affiliate of One Rock Capital Partners | -5.6% | -0.2% |
Keep researching PRMB
- PRMB financial statementsRevenue, profit, cash flow and balance sheet from Primo Brands Corporation's SEC filings.
- What is Form 10-Q?The quarterly report US public companies file with the SEC for each of the first three fiscal quarters, with unaudited financial statements and MD&A.
- Form 10-K vs 10-QThe difference between a 10-K and a 10-Q: what each report contains, filing deadlines by company size, audited vs reviewed financials, and which sections to read first.
- PRMB insider tradesEvery buy and sale reported by Primo Brands Corporation officers, directors and large holders.
- PRMB earnings historyPast Primo Brands Corporation earnings releases, newest first.
- PRMB dividend historyDividends Primo Brands Corporation has declared, with ex-dates and payment dates.
- Market cap
- 30-day
- Sector
- Consumer Staples
- Industry
- Beverages (Production/Distribution)
- Listed since
- 2024
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