Equity Incentive Plans |
6 Months Ended |
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Jun. 30, 2026 | |
| Equity [Abstract] | |
| Equity Incentive Plans | Equity Incentive Plans (in thousands, except share data): Total compensation cost for share-based payments recognized for the three and six months ended June 30, 2026 totaled $6,380 and $15,516, respectively, of which $1,882 and $3,469, respectively, was recorded to cost of goods sold with the remainder recorded to selling, general and administrative expense. Total compensation cost for share-based payments recognized for the three and six months ended June 30, 2025 totaled $6,221 and $15,037, respectively, of which $1,831 and $3,114, respectively, was recorded to cost of goods sold with the remainder recorded to selling, general and administrative expense. NASDAQ Marketplace Rules Inducement Award - During the six months ended June 30, 2026, as an inducement in accordance with Nasdaq Listing Rule 5635(c)(4), and therefore outside of any Company equity incentive plan, 7,500 service based restricted stock units were granted to the Company’s Chief Financial Officer. Under the terms of the applicable award agreement, the grant is governed as if issued under the Freshpet, Inc. 2024 Equity Incentive Plan, and will vest in equal annual installments over three years, subject to the officer’s continued service to the Company. Service Period and Performance Based Stock Options - During the six months ended June 30, 2026, no service based or performance based stock options were granted and 534,880 stock options were exercised. Service Period Restricted Stock Units - During the six months ended June 30, 2026, 191,956 service based restricted stock units were granted, including the 7,500 inducement award units, at a weighted average grant-date fair market value of $80.95. During the six months ended June 30, 2026, 152,124 restricted stock units vested. Performance Based Restricted Stock Units - During the six months ended June 30, 2026, no performance based restricted stock units were granted. Market Based Restricted Stock Units - During the six months ended June 30, 2026, 46,344 performance based restricted stock units with a market condition (total shareholder return or "TSR") were granted, which will vest at the end of the three-year performance period ending on December 31, 2028; however, the number of shares delivered will vary based upon the attained level of performance and may range from 0 to 2.5 times the number of target units awarded. The TSR units were granted at a weighted average grant-date fair market value of $91.94.
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