Are the Traeger (COOK) CEO RSUs cash-settled or share-settled?

The CEO’s RSUs are primarily structured as cash-settled awards tied to Traeger’s stock price. Each RSU pays cash equal to the fair market value of one share on vesting, although Traeger’s board may instead choose to settle the awards in equity at its discretion.

CEO Jeremy Andrus receives 129,240 RSUs at Traeger (NYSE: COOK)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ANDRUS JEREMY reported acquisition or exercise transactions in this Form 4 filing.

Traeger, Inc.’s Chief Executive Officer Jeremy Andrus received a grant of 129,240 restricted stock units (RSUs). Each RSU represents a contingent right to receive cash equal to the fair market value of one share of Traeger common stock on the applicable vesting date, and may alternatively be settled in shares if the board so decides.

The RSUs vest in three equal installments, with one-third of the total RSUs vesting on each of the first three anniversaries of April 3, 2026, as long as Andrus continues to serve the company. Following this award, his reported RSU holdings from this grant total 129,240 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ANDRUS JEREMY

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	129,240	$0.00	--

Holdings After Transaction: Restricted Stock Units — 129,240 shares (Direct, null)

Footnotes (1)

Each restricted stock unit ("RSU") represents a contingent right to receive an amount in cash equal to the fair market value of one share of the Issuer's Common Stock on the applicable vesting date. The RSUs may also settled in equity upon a decision by the Issuer's Board of Directors. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of April 3, 2026, subject to the Reporting Person's continued service with the Issuer.

Key Figures

RSU grant size: 129,240 units Underlying shares: 129,240 shares Vesting structure: 1/3 each year

3 metrics

RSU grant size 129,240 units Restricted stock units granted to CEO Jeremy Andrus

Underlying shares 129,240 shares Common stock underlying the RSUs

Vesting structure 1/3 each year One-third vests on each of first three anniversaries of April 3, 2026

Key Terms

Restricted Stock Units, contingent right, fair market value, vest, +1 more

5 terms

Restricted Stock Units financial

"security_title": "Restricted Stock Units""

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.

contingent right financial

"represents a contingent right to receive an amount in cash"

fair market value financial

"equal to the fair market value of one share of the Issuer's Common Stock"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

vest financial

"The RSUs shall vest as to one-third of the total RSUs"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continued service financial

"subject to the Reporting Person's continued service with the Issuer"

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 07:16 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ANDRUS JEREMY

(Last)

(First)

(Middle)

C/O TRAEGER, INC.

533 SOUTH 400 WEST

(Street)

SALT LAKE CITY

UTAH

84101

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Traeger, Inc. [ COOK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/20/2026		A		129,240		⁽²⁾	⁽²⁾	Common Stock	129,240	$0	129,240	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive an amount in cash equal to the fair market value of one share of the Issuer's Common Stock on the applicable vesting date. The RSUs may also settled in equity upon a decision by the Issuer's Board of Directors.

2. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of April 3, 2026, subject to the Reporting Person's continued service with the Issuer.

Remarks:

	/s/ Courtland Astill, Attorney-in-fact	04/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Traeger (COOK) report for CEO Jeremy Andrus?

Traeger reported a compensation-related grant of 129,240 restricted stock units to CEO Jeremy Andrus. These RSUs provide a contingent right to value linked to Traeger’s common stock and vest over three years, aligning a portion of his pay with the company’s future performance.

How many RSUs did Traeger (COOK) grant to its CEO and what do they represent?

Jeremy Andrus received 129,240 restricted stock units from Traeger. Each RSU represents a contingent right to receive cash equal to the fair market value of one share of Traeger common stock on the vesting date, with potential settlement in equity at the board’s discretion.

What is the vesting schedule for the new CEO RSUs at Traeger (COOK)?

The 129,240 RSUs granted to Traeger’s CEO vest in three equal annual installments. One-third of the units vest on each of the first three anniversaries of April 3, 2026, provided Jeremy Andrus remains in service with the company through each applicable vesting date.

Does the recent Traeger (COOK) Form 4 show any stock sales by the CEO?

The Form 4 reflects only an acquisition of RSUs by CEO Jeremy Andrus, not stock sales. It reports a grant of 129,240 restricted stock units as compensation, with no open-market purchases or dispositions of Traeger common shares disclosed in this particular filing.