Freshpet grants ~$14M in retention RSUs to CEO, President, and CHRO

Freshpet, Inc.

CEO Billy Cyr receives $8M RSU grant (27,716 time-based + 27,716 performance-based RSUs).
President Scott Morris receives $4M RSU grant (13,858 time-based + 13,858 performance-based RSUs).
CHRO Thembi Machaba receives $2.04M RSU grant (7,080 time-based + 7,081 performance-based RSUs).
Time-based RSUs vest 1/3 annually over 3 years; performance-based vest on FY2025-2027 net sales and Adj. EBITDA goals.
Grants aim to retain executives after prior equity awards fully vested in December 2024.

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