Once Upon a Farm (OFRM) boosts President & CFO pay with $1M RSUs
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Once Upon a Farm, PBC updated the compensation package for its President and Chief Financial Officer, Lawrence Waldman. Effective May 5, 2026, his base salary increases to $450,000 per year and his target annual cash bonus rises to 70% of his then-current base salary.
Mr. Waldman will also receive an equity award of service-based restricted stock units with a grant date fair value of $1,000,000. These units vest in full on the second anniversary of the effective date, contingent on his continued employment or earlier vesting upon certain termination events.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Base salary: $450,000 per year
Bonus target: 70% of base salary
Equity grant value: $1,000,000
+1 more
4 metrics
Base salary
$450,000 per year
New base salary for President and CFO effective May 5, 2026
Bonus target
70% of base salary
Annual cash bonus opportunity for President and CFO
Equity grant value
$1,000,000
Grant date fair value of service-based restricted stock units
Vesting period
2 years
RSUs vest in full on second anniversary of May 5, 2026
Key Terms
public benefit corporation, service-based restricted stock units, grant date fair value, Emerging growth company
4 terms
public benefit corporation regulatory
"Once Upon a Farm, PBC, a Delaware public benefit corporation (the “Company”)"
A public benefit corporation is a legal type of company that pledges to pursue a specific public good—such as environmental protection, worker welfare or community development—alongside earning profits for shareholders. Like a restaurant that promises to source local ingredients while still trying to turn a profit, this structure lets managers weigh social goals against financial returns, which can influence strategy, risk profile and investor expectations about how decisions are made.
service-based restricted stock units financial
"an equity grant in the form of service-based restricted stock units with a grant date fair value of $1,000,000"
Service-based restricted stock units are promises by a company to give employees shares of stock only after they remain employed for a specified period; the stock is delivered gradually or all at once once the service condition is met. Investors care because these awards affect future share supply and company costs, align employee interests with long-term performance, and can influence dilution and earnings reports when the promised shares are recorded or issued.
grant date fair value financial
"restricted stock units with a grant date fair value of $1,000,000"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
Emerging growth company regulatory
"Emerging growth company Item 5.02 Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What executive compensation change did Once Upon a Farm (OFRM) disclose?
Once Upon a Farm increased President and CFO Lawrence Waldman’s pay. His base salary moves to $450,000, bonus opportunity rises to 70% of base salary, and he receives $1,000,000 in restricted stock units vesting after two years of continued employment.
What is Lawrence Waldman’s new base salary at Once Upon a Farm (OFRM)?
His base salary is set at $450,000 per year effective May 5, 2026. This amount will be reviewed annually by the Compensation Committee, aligning his cash compensation more closely with his dual role as President and Chief Financial Officer.
How is the bonus structure for OFRM’s President and CFO changing?
Lawrence Waldman’s annual cash bonus opportunity increases to 70% of his then-current base salary. This target bonus ties a meaningful portion of his compensation to performance-based cash incentives determined by the Compensation Committee each year.
What equity award is Once Upon a Farm (OFRM) granting to its President and CFO?
The company is granting service-based restricted stock units with a grant date fair value of $1,000,000. These RSUs vest in full on the second anniversary of May 5, 2026, assuming continued employment or earlier vesting upon certain qualifying termination events.
When do the new restricted stock units for OFRM’s CFO vest?
The restricted stock units vest in full on the second anniversary of May 5, 2026. Vesting depends on Lawrence Waldman’s continued employment through that date, unless certain termination events trigger earlier vesting under the award terms.
Who approved the revised compensation for Once Upon a Farm’s President and CFO?
The Compensation Committee of Once Upon a Farm’s Board of Directors approved the revised package. This committee oversees executive pay and determined the new salary, bonus opportunity, and $1,000,000 restricted stock unit grant for Lawrence Waldman.