Director Lee Tony W sold 50,657,562 shares ($1.6B) of PRMB on 2025-05-12 at $31.67, retaining 116,210,806 shares post-trade.
Lee Tony W, as Director of Primo Brands Corp, executed a substantial open-market sale of 50,657,562 shares for $1,604,324,988.54 on May 12, 2025, reducing his stake by 30.4% to 116,210,806 shares. The transaction occurred at $31.67, modestly above current market levels but near the midpoint of the 52-week range ($25.50–$35.63); the stock is currently off 9.6% from its 52-week high and has declined 4.7% over the prior 30 days. Within his same-ticker history at PRMB, a prior sale on 2025-03-12 showed a positive 30-day return of 14.5%, though the 90-day outcome for that earlier trade is not yet measurable. Fundamentally, the company generated $1,613,700,000 in latest-quarter revenue with $28,700,000 net income, while reporting annual revenue growth of +9.7% against a full fiscal year where net income was negative. The scale of this divestiture—reducing holdings by nearly one-third while retaining a substantial 116.21M-share position—reflects a material rebalancing of a major insider's stake in a company carrying recent profitability headwinds.