Freshpet, Inc. Announces Incentive Grant Under NASDAQ Listing Rule 5635(c)(4)

BEDMINSTER, N.J., Sept. 6, 2024 (GLOBE NEWSWIRE) — Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that the Compensation and Human Capital Management Committee of the Board of Directors has approved a stock award as a material incentive for Nicki Baty’s acceptance of employment with the Company, in accordance with NASDAQ Listing Rule 5635(c)(4).

In connection with her previously announced appointment as Chief Operating Officer, Ms. Baty was granted incentive awards consisting of an aggregate of 17,150 restricted stock units, effective September 1, 2024. The restricted stock units will vest at a rate of 33.3%, 39.5% and 27.2% on each of the first three anniversaries of the date of grant, respectively, subject to Ms. Baty’s continued employment through such dates. The awards were granted outside of the Company’s 2014 Omnibus Incentive Plan as an incentive grant pursuant to Nasdaq Rule 5635(c)(4), but will otherwise be consistent with the terms applicable to awards granted under such plan.