VandenAkker Cole 4
Research Summary
AI-generated summary
Traeger (COOK) CSO Cole VandenAkker Receives RSU Award
What Happened
Cole VandenAkker, Chief Sales Officer of Traeger, received a grant of 35,541 restricted stock units (RSUs) on April 20, 2026. The award is reported as an A (award/grant) derivative transaction at $0.00 per share (RSUs are contingent rights, not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-04-20; reported on Form 4 filed 2026-04-30 (filing appears late vs. the usual two-business-day rule).
- Amount: 35,541 RSUs; reported price $0.00 because these are contingent units, not a cash purchase.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote F1: Each RSU represents a contingent right to receive cash equal to the fair market value of one share on the applicable vesting date; the board may instead settle in common stock.
- Footnote F2: Vesting schedule — one-third of the RSUs vest on each of the first three anniversaries of April 3, 2026 (i.e., ~Apr 3, 2027; Apr 3, 2028; Apr 3, 2029), subject to continued service.
- Transaction code: A = Award/Grant (derivative RSU award).
Context
RSU grants are common executive compensation and represent a contingent claim that converts to cash or stock when vested; they are not the same as an outright purchase (which can be a stronger bullish signal). Because this filing was submitted about 10 days after the transaction date, investors may note the late reporting but should not infer intent from timing alone.