Traeger (NYSE: COOK) director receives 389 fully vested stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Traeger, Inc. director Steven Philip Richman received an equity award of 389 common-stock-based units. The filing shows a grant coded as an acquisition, bringing his directly held position to 9,015 common shares.
The 389 units are fully vested restricted stock units that will be settled in shares of Traeger common stock within 45 days after the earliest of the director’s separation from service, a change in control of Traeger, the director’s death, or the director’s disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richman Steven Philip
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 389 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,015 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 389 units
Shares held after transaction: 9,015 shares
Settlement window: 45 days
3 metrics
Restricted stock units granted
389 units
Grant coded as acquisition on common stock
Shares held after transaction
9,015 shares
Total direct common stock holdings after award
Settlement window
45 days
Settlement in common stock after earliest triggering event
Key Terms
restricted stock units, change in control, separation from service, disability
4 terms
restricted stock units financial
"Consists of fully-vested restricted stock units, which will be settled in shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation from service financial
"within 45 days following the earliest to occur of: (i) the director's separation from service"
disability financial
"the director's death; or (iv) the director's disability."
FAQ
What insider transaction did Traeger (COOK) report for director Steven Philip Richman?
Traeger reported that director Steven Philip Richman received an equity grant of 389 common-stock-based units. These are fully vested restricted stock units that increase his directly held position to 9,015 common shares, reflecting routine, compensation-related stock-based awards rather than an open-market purchase.
Was the Traeger (COOK) Form 4 transaction a market purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. It is coded as a grant or award acquisition, with 389 restricted stock units priced at $0.00 per share, indicating they were awarded as part of director compensation rather than bought on the open market.
When will Steven Philip Richman’s Traeger (COOK) restricted stock units be settled into shares?
The 389 fully vested restricted stock units will be settled in Traeger common shares within 45 days after the earliest of four events: his separation from service, a change in control of Traeger, his death, or his disability, according to the Form 4 footnote.
What do the restricted stock units in Traeger (COOK) director’s Form 4 represent?
The restricted stock units represent a right to receive Traeger common shares in the future. They are fully vested but will only be settled in shares within 45 days following the earliest of specified events, including separation from service or a change in control of the company.