10% owner ORCP III DE TopCo GP sells $497m Primo Brands (PRMB) stock By Investing.com

ORCP III DE TopCo GP, LLC, a 10% owner and director of Primo Brands Corp (), disposed of 20,410,340 shares of Class A Common Stock on August 7, 2026. The shares were sold at a price of $24.37 each, totaling approximately $497 million. The stock currently trades at $23.51, slightly below the sale price, though shares have surged 45% year-to-date. According to InvestingPro analysis, which offers detailed insights on over 1,400 US stocks, Primo Brands appears undervalued at current levels, with the company’s financial health rated as “GOOD.”

The filing indicates that ORCP III DE TopCo GP, LLC is the general partner of Triton Water Parent Holdings, LP. Through this association, the entity is involved in the ownership structure of Triton Water Equity Holdings, LP and Triton Water Forward Holdings, LP, which are the record holders of the shares. Triton Water Equity Holdings, LP holds 77,206,737 shares, and Triton Water Forward Holdings, LP holds 18,593,729 shares.

Scott Spielvogel and Tony W. Lee, who serve as managing members of ORCP III DE TopCo GP, LLC, share voting and investment discretion over these securities. Following this transaction, ORCP III DE TopCo GP, LLC indirectly beneficially owns 95,800,466 shares of Primo Brands Corp.

The reporting persons have stated that they disclaim beneficial ownership of these securities except to the extent of their pecuniary interest. Tony W. Lee is also filing a separate Form 4 report related to his holdings.

In other recent news, Primo Brands Corporation reported second-quarter 2026 adjusted earnings of $0.37 per share, surpassing Wall Street’s forecast of $0.30. Revenue for the quarter increased by 4.2% to $1.8 billion, indicating a positive trend in the company’s financial performance. Additionally, Primo Brands raised its full-year comparable net sales outlook. In another development, a major stockholder, an affiliate of One Rock Capital Partners, announced plans to sell 20 million shares in an underwritten secondary offering. This offering is set to proceed under the company’s shelf registration statement filed with the Securities and Exchange Commission. The selling stockholder will receive all net proceeds from this transaction, while Primo Brands itself is not participating in the sale. These recent developments highlight significant financial and strategic activities within Primo Brands Corporation.

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