other material
confidence high
sentiment neutral
materiality 0.35
Freshpet awards $1.75M retention RSUs to COO Nicola Baty
Freshpet, Inc.
- Grant date value of $1,750,819.72 in RSUs: 13,858 time-based and 13,858 performance-based RSUs.
- Time-based RSUs vest in two equal annual installments starting Jan 3, 2027, with continued employment.
- Performance-based RSUs vested 50% on FY2025-2027 cumulative net sales goal and 50% on 3-year Adjusted EBITDA margin; threshold 80%, max 120%.
- Grant intended to retain Baty after market-driven decrease in prior inducement equity value.
- Double-trigger 100% accelerated vesting on qualifying termination after change of control; no retirement vesting.