Freshpet (FRPT) CFO John O'Connor receives 7,500-share RSU inducement grant
Rhea-AI Filing Summary
Freshpet, Inc. reported that Chief Financial Officer John Gregory O'Connor acquired 7,500 shares of common stock on a restricted basis through a stock unit award. The Form 4 shows this as a grant at a price of $0.00 per share, held as direct ownership.
The award was granted as an inducement outside the Freshpet, Inc. 2024 Equity Incentive Plan under NASDAQ Listing Rule 5635(c)(4). These restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date, as long as he continues in service.
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FAQ
What insider transaction did Freshpet (FRPT) report on this Form 4?
The filing reports that Chief Financial Officer John Gregory O'Connor received 7,500 shares of Freshpet common stock through a restricted stock unit award. This was recorded as an acquisition at a price of $0.00 per share, increasing his directly owned holdings to 7,500 shares.
Who is the reporting person on this Freshpet (FRPT) Form 4 filing?
The reporting person is John Gregory O'Connor, Chief Financial Officer of Freshpet, Inc. He is identified as an officer, not a director or 10% owner, and this filing reflects his receipt of a restricted stock unit award tied to continued service.
How many Freshpet (FRPT) shares did the CFO acquire and at what price?
The CFO acquired 7,500 shares of Freshpet common stock through a restricted stock unit award at a stated price of $0.00 per share. Following this grant, he beneficially owns 7,500 shares directly, according to the Form 4 disclosure.
What type of equity award did Freshpet (FRPT) grant to its CFO?
Freshpet granted the CFO a restricted stock unit (RSU) award covering 7,500 shares of common stock. The award was provided as an inducement grant outside the Freshpet, Inc. 2024 Equity Incentive Plan, consistent with NASDAQ Listing Rule 5635(c)(4).
What is the vesting schedule for the Freshpet (FRPT) CFO’s RSU award?
The RSU award vests in three equal installments on the first, second, and third anniversaries of the grant date. Each vesting installment is contingent on the CFO’s continued service with Freshpet through the relevant anniversary date.
Was this Freshpet (FRPT) equity grant part of the 2024 Equity Incentive Plan?
No, the RSU grant was specifically issued as an inducement award outside the Freshpet, Inc. 2024 Equity Incentive Plan. It was structured in accordance with NASDAQ Listing Rule 5635(c)(4), which permits certain employment-related inducement grants.