Freshpet, Inc. Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
Freshpet Inc (Nasdaq: FRPT) has announced an inducement grant for its new Chief Operating Officer, Nicki Baty. The Compensation and Human Capital Management Committee approved an equity award of 17,150 restricted stock units effective September 1, 2024. This grant, made outside the company's 2014 Omnibus Incentive Plan, complies with NASDAQ Listing Rule 5635(c)(4).
The restricted stock units will vest over three years: 33.3% in the first year, 39.5% in the second year, and 27.2% in the third year, contingent on Ms. Baty's continued employment. This inducement grant is designed to align the new COO's interests with those of Freshpet's shareholders and incentivize long-term commitment to the company.
Freshpet Inc (Nasdaq: FRPT) ha annunciato una concessione incentivante per il suo nuovo Chief Operating Officer, Nicki Baty. Il Comitato per la Compensazione e la Gestione del Capitale Umano ha approvato un premio azionario di 17.150 unità di azioni vincolate che entrerà in vigore il 1° settembre 2024. Questa concessione, effettuata al di fuori del Piano Incentivo Omnibus 2014 dell'azienda, è conforme alla Regola di Quotazione NASDAQ 5635(c)(4).
Le unità di azioni vincolate matureranno in tre anni: 33,3% nel primo anno, 39,5% nel secondo anno e 27,2% nel terzo anno, a condizione che la signora Baty rimanga in servizio. Questa concessione incentivante è progettata per allineare gli interessi del nuovo COO con quelli degli azionisti di Freshpet e per incentivare un impegno a lungo termine verso l'azienda.
Freshpet Inc (Nasdaq: FRPT) ha anunciado una concesión inducida para su nueva Chief Operating Officer, Nicki Baty. El Comité de Compensación y Gestión de Capital Humano aprobó un premio de acciones de 17,150 unidades de acciones restringidas que será efectivo el 1 de septiembre de 2024. Esta concesión, realizada fuera del Plan de Incentivos Omnibus de 2014 de la empresa, cumple con la Regla de Listado NASDAQ 5635(c)(4).
Las unidades de acciones restringidas se consolidarán durante tres años: 33,3% en el primer año, 39,5% en el segundo año y 27,2% en el tercer año, dependiendo de la continuidad laboral de la Sra. Baty. Esta concesión inducida está diseñada para alinear los intereses de la nueva COO con los de los accionistas de Freshpet e incentivar un compromiso a largo plazo con la empresa.
프레시펫 주식회사 (Nasdaq: FRPT)는 새로운 최고 운영 책임자, 니키 배티를 위한 유인 보상을 발표했습니다. 보상 및 인적 자원 관리 위원회는 2024년 9월 1일부터 유효한 17,150개의 제한된 주식 단위에 대한 주식 보상을 승인했습니다. 이 보상은 회사의 2014년 통합 인센티브 계획 외부에서 이루어졌으며, NASDAQ 상장 규칙 5635(c)(4)에 부합합니다.
제한된 주식 단위는 3년에 걸쳐 분할 베스팅됩니다: 첫 해에 33.3%, 두 번째 해에 39.5%, 세 번째 해에 27.2%, 배티 씨의 지속적인 고용을 조건으로 합니다. 이 유인 보상은 새 COO의 이익을 프레시펫의 주주와 일치시키고 회사에 대한 장기적 헌신을 장려하기 위해 설계되었습니다.
Freshpet Inc (Nasdaq: FRPT) a annoncé une attribution de compensation pour sa nouvelle Chief Operating Officer, Nicki Baty. Le Comité de Compensation et de Gestion des Ressources Humaines a approuvé une attribution d'actions de 17 150 unités d'actions restreintes prenant effet le 1er septembre 2024. Cette attribution, effectuée en dehors du Plan d'Incentives Omnibus 2014 de l'entreprise, est conforme à la Règle de Cotation NASDAQ 5635(c)(4).
Les unités d'actions restreintes acquièrent leurs droits sur une période de trois ans : 33,3 % la première année, 39,5 % la deuxième année et 27,2 % la troisième année, sous réserve de l'emploi continu de Mme Baty. Cette attribution de compensation vise à aligner les intérêts du nouveau COO avec ceux des actionnaires de Freshpet et à inciter un engagement à long terme envers l'entreprise.
Freshpet Inc (Nasdaq: FRPT) hat eine Anreizgewährung für seine neue Chief Operating Officer, Nicki Baty angekündigt. Der Ausschuss für Vergütung und Personalmanagement genehmigte eine Aktienvergabe von 17.150 beschränkten Aktieneinheiten, die am 1. September 2024 wirksam wird. Diese Gewährung, die außerhalb des Incentive-Plans 2014 des Unternehmens erfolgt, entspricht der NASDAQ-Notierungsregel 5635(c)(4).
Die beschränkten Aktieneinheiten werden über drei Jahre hinweg freigestellt: 33,3 % im ersten Jahr, 39,5 % im zweiten Jahr und 27,2 % im dritten Jahr, abhängig von Ms. Batys weiterhin bestehender Anstellung. Diese Anreizgewährung soll die Interessen der neuen COO mit denen der Aktionäre von Freshpet in Einklang bringen und ein langfristiges Engagement für das Unternehmen fördern.
- Appointment of a new Chief Operating Officer, indicating potential for improved operational efficiency
- Implementation of a vesting schedule for the restricted stock units, encouraging long-term commitment from the new COO
- Potential dilution of existing shareholders' equity due to the issuance of new restricted stock units
BEDMINSTER, N.J., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that the Compensation and Human Capital Management Committee of its Board of Directors approved an equity award as an inducement material to 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 to Chief Operating Officer, Ms. Baty was granted, effective September 1, 2024, inducement awards consisting of a total of 17,150 restricted stock units. The restricted stock units will vest
About Freshpet
Freshpet’s mission is to improve the lives of dogs and cats through the power of fresh, real food. Freshpet foods are blends of fresh meats, vegetables and fruits farmed locally and made at our Freshpet Kitchens. We thoughtfully prepare our foods using natural ingredients, cooking them in small batches at lower temperatures to preserve the natural goodness of the ingredients. Freshpet foods and treats are kept refrigerated from the moment they are made until they arrive at Freshpet Fridges in your local market.
Our foods are available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe. From the care we take to source our ingredients and make our food, to the moment it reaches your home, our integrity, transparency and social responsibility are the way we like to run our business. To learn more, visit www.freshpet.com.
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FAQ
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