secwatch.observer — SEC 8-K summary
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Issuer:     Freshpet, Inc. (FRPT)
CIK:        0001611647
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0000929638-25-000089
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611647/000092963825000089/0000929638-25-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611647/000092963825000089/a8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-25-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer