Freshpet, Inc. (FRPT): President Nicola Baty appointed

Events in this filing

Item 5.02 as filed

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective October 21, 2026, the Compensation and Human Capital Management Committee of the Board of Directors (the “Board”) of Freshpet, Inc.
(the “Company”) approved an enhanced compensation package for Nicola Baty in connection with her previously announced appointment as the Company’s President, which appointment became effective October 21, 2026. In addition to serving as
President, Ms. Baty will continue in her role as Chief Operating Officer.
Ms. Baty will receive an annual base salary of $675,000 (“Base Salary”). Ms. Baty
shall be eligible to participate in the Company’s long term equity incentive programs, with an annual target opportunity of at least two hundred fifty percent (250%) of her Base Salary. In addition, Ms. Baty has been granted restricted stock
units in respect of 58,245 shares of the Company’s common stock under the Company’s 2024 Equity Incentive Plan, which will vest in full on June 30, 2029, subject to Ms.
Baty’s continued employment through such date.
In addition, Ms. Baty’s eligibility to participate in the Company’s annual cash bonus program, as and if established by the Board (or a committee
thereof), shall have an annual target bonus opportunity of at least eighty percent (80%) of her Base Salary, based on the achievement of pre-established performance goals established by the Board (or a committee thereof).
A description of Ms. Baty’s business experience can be found in the Company’s definitive proxy statement on Schedule 14A, as filed with the
Securities and Exchange Commission on April 27, 2026, and is incorporated by reference herein.
There are no family relationships between Ms. Baty and any director or executive officer of the Company that would be required to be disclosed
pursuant to Item 401(d) of Regulation S-K, and Ms. Baty does not have any direct or indirect material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K.