Jeremy Andrus - Feb 6, 2024 Form 4 Insider Report for Traeger, Inc. (COOK)

Role
Chief Executive Officer, Director
Signature
/s/ Courtland Astill, Attorney-in-fact
Stock symbol
COOK
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/7/2024, 06:31 PM
Previous filing
Oct 18, 2022
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOK Common Stock Award $0 +2.08M +43.8% $0.00 6.81M Feb 6, 2024 Direct F1, F2
holding COOK Common Stock 3.4M Feb 6, 2024 By JA Cropston, LLC F3
holding COOK Common Stock 5.42M Feb 6, 2024 By JK Andrus Investments, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of shares of performance-based restricted stock (the "Performance Shares") pursuant to a Performance-Based Restricted Stock Agreement, between the Issuer and the Reporting Person. The Performance Shares are eligible to be earned upon the achievement of Adjusted EBITDA goals during the fiscal year ending December 31, 2024. If the Adjusted EBITDA goal is achieved, the earned Performance Shares will vest on March 31, 2025. If the target Adjusted EBITDA goal is not achieved, then the Performance Shares instead will become eligible to be earned based on the achievement of a stock price of $18.00 per share for the period beginning on January 1, 2025 and ending on August 2, 2031.
F2 (continued from footnote 1) If the stock price goal is achieved, the earned Performance Shares will vest on the later of March 31, 2025 and the date on which the stock price goal is achieved. The vesting of the Performance Shares is in all cases subject to the Reporting Person's continued service as the Issuer's chief executive officer or executive chairman of its board of directors.
F3 The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.