Form 4: Freshpet CEO's Spouse Transfers 18,000 Shares to Irrevocable Trust

Freshpet CEO William B. Cyr's spouse transferred 18,000 shares of company stock to an irrevocable trust on December 13, 2024.

Summary

• On December 13, 2024, William B. Cyr's spouse transferred 18,000 shares of Freshpet, Inc. common stock to the Linda W. Cyr 2020 Irrevocable Trust for Descendants.
• The transfer was made for no consideration.
• The reporting person's spouse is the trustee of the trust.
• William B. Cyr disclaims beneficial ownership of these securities.
• The filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transfer, with no positive or negative implications for the company's performance.

Industry Context

This is a routine SEC Form 4 filing related to changes in beneficial ownership by a company insider, which is common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is similar to those seen at other companies such as Chewy (CHWY) or General Mills (GIS) when insiders transfer shares.
• The use of irrevocable trusts for estate planning and asset management is a common strategy among executives at publicly traded companies.

Stakeholder Impact

• The transaction has no direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Freshpet, FRPT, insider trading, beneficial ownership, stock transfer, irrevocable trust, William B. Cyr, Linda W. Cyr