ANDRUS JEREMY 4

What Happened
Jeremy Andrus, CEO of Traeger, Inc. (COOK), received a grant of 129,240 restricted stock units (RSUs) reported as a derivative acquisition on 2026-04-20. The award is recorded at $0.00 per unit (no cash paid at grant); the RSUs represent a contingent right to future value rather than an immediate stock purchase or sale.

Key Details

• Transaction date: 2026-04-20; Form 4 filed 2026-04-30.
• Transaction type/code: Award/Grant (A) — 129,240 RSUs acquired at $0.00 per RSU.
• Vesting: RSUs vest one-third on each of the first three anniversaries of April 3, 2026, subject to continued service.
• Footnote: Each RSU represents a contingent right to receive cash equal to the fair market value of one share at vesting; the Board may instead settle in stock.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: The Form 4 was filed more than two business days after the transaction date, so the filing appears late (potentially reportable compliance issue).

Context
RSU grants are common executive compensation and are retention-focused: they do not reflect an immediate purchase or sale and only convert to cash or stock if vesting conditions are met. Because settlement may be in cash, these awards may not dilute common shareholders unless the Board elects equity settlement.