Freshpet (FRPT) CEO receives 23,688 restricted stock units as equity award
Rhea-AI Filing Summary
Cyr William B. reported acquisition or exercise transactions in this Form 4 filing.
Freshpet, Inc. chief executive officer William B. Cyr received a grant of 23,688 restricted stock units representing shares of Common Stock under the Freshpet, Inc. 2024 Equity Incentive Plan. These units will vest in three equal annual installments beginning on March 15, 2027, if he continues serving the company.
Following this award, Cyr directly holds 108,365 shares of Common Stock and also reports indirect holdings of 3,500 shares through his spouse and 17,500 and 18,000 shares through two irrevocable family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 23,688 shares
Net Buy
4 txns
Insider
Cyr William B.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,688 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 108,365 shares (Direct);
Common Stock — 3,500 shares (Indirect, By Spouse);
Common Stock — 17,500 shares (Indirect, By Irrevocable Spousal Trust for Linda W. Cyr);
Common Stock — 18,000 shares (Indirect, By Linda W. Cyr 2020 Irrevocable Trust for Descendants)
Footnotes (1)
- F1. Consists of restricted stock units in respect of shares of Common Stock awarded to the Reporting Person under the Freshpet, Inc. 2024 Equity Incentive Plan. These restricted stock units are scheduled to vest in three equal annual installments beginning March 15, 2027, subject to the Reporting Person's continued service with the Issuer.
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FAQ
What did Freshpet (FRPT) CEO William B. Cyr report in this Form 4?
Freshpet CEO William B. Cyr reported receiving 23,688 restricted stock units of Common Stock as an equity award. The grant was made under the Freshpet, Inc. 2024 Equity Incentive Plan and represents compensation rather than an open-market stock purchase or sale.
How many Freshpet (FRPT) restricted stock units were granted to the CEO?
William B. Cyr received 23,688 restricted stock units tied to Freshpet Common Stock. These units were awarded at no cash purchase price as part of his equity compensation, aligning his interests with shareholders through future share ownership once vesting conditions are satisfied.
When do William B. Cyr’s new Freshpet (FRPT) restricted stock units vest?
The 23,688 restricted stock units are scheduled to vest in three equal annual installments beginning March 15, 2027. Each installment depends on Cyr’s continued service with Freshpet, which means he must remain with the company to receive the corresponding vested shares.
What indirect Freshpet (FRPT) holdings does the CEO report in this filing?
Cyr reports indirect ownership of 3,500 Freshpet shares held by his spouse, plus 17,500 shares in an irrevocable spousal trust and 18,000 shares in the Linda W. Cyr 2020 Irrevocable Trust for Descendants. These entries reflect family-related holdings associated with the CEO.