Director Steven Richman granted 1,893 RSUs at Traeger (NYSE: COOK)
Rhea-AI Filing Summary
Richman Steven Philip reported acquisition or exercise transactions in this Form 4 filing.
Traeger, Inc. director Steven Philip Richman received an equity award of 1,893 Restricted Stock Units (RSUs). Each RSU represents a right to receive one share of Traeger common stock. The award was granted at no cash cost to Richman and increases his direct holdings to 10,908 shares.
The RSUs vest in full on the earlier of the one-year anniversary of the grant date or Traeger’s 2027 annual stockholders’ meeting, assuming he continues serving through that date. Richman has elected to defer delivery of the underlying shares under the company’s Deferred Compensation Plan until a qualifying event such as separation from service, change in control, death, or disability.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,893 shares
Net Buy
1 txn
Insider
Richman Steven Philip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,893 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 10,908 shares (Direct)
Footnotes (1)
- F1. Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest in full on the earlier to occur of (i) the one-year anniversary of the grant date and (ii) the date of the Issuer's annual meeting of stockholders in 2027, subject to continued service through the vesting date. Mr. Richman has elected to defer the receipt of Common Stock upon the vesting of his RSUs pursuant to the Issuer's Deferred Compensation Plan until a date within 45 days following the earliest to occur of: (i) a separation from service; (ii) a change in control of the Issuer; (iii) death; or (iv) disability.
Key Figures
RSUs granted: 1,893 RSUs
Grant price: $0.00 per share
Shares after transaction: 10,908 shares
+2 more
5 metrics
RSUs granted
1,893 RSUs
Equity award to director on grant date
Grant price
$0.00 per share
Compensation grant, not market purchase
Shares after transaction
10,908 shares
Total direct holdings following RSU award
Vesting trigger
One-year anniversary or 2027 annual meeting
Full vesting on earlier of these dates, with continued service
Deferral window
Within 45 days after trigger event
Share delivery timing under Deferred Compensation Plan
Key Terms
Restricted Stock Units ("RSUs"), Deferred Compensation Plan, change in control, separation from service
4 terms
Restricted Stock Units ("RSUs") financial
"Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Deferred Compensation Plan financial
"defer the receipt of Common Stock upon the vesting of his RSUs pursuant to the Issuer's Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
change in control financial
"following the earliest to occur of: (i) a separation from service; (ii) a change in control of the Issuer; (iii) death; or (iv) disability"
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
"following the earliest to occur of: (i) a separation from service; (ii) a change in control of the Issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Traeger (COOK) report for Steven Philip Richman?
Traeger reported an equity award to director Steven Philip Richman of 1,893 Restricted Stock Units (RSUs). These RSUs were granted at no cash cost and represent rights to receive an equal number of Traeger common shares, subject to vesting and deferral elections described in the award terms.
When do Steven Philip Richman’s new Traeger (COOK) RSUs vest?
The 1,893 RSUs vest in full on the earlier of the one-year grant anniversary or Traeger’s 2027 annual stockholders’ meeting. Vesting requires Richman’s continued service through that date, linking the award to his ongoing role with the company’s board.
Did Steven Philip Richman pay cash for the Traeger (COOK) RSU grant?
No, the Form 4 shows the 1,893 RSUs were granted at a price of $0.00 per share. This indicates the award is compensation-based rather than a market purchase, consistent with typical equity grants to directors of public companies.
How did Steven Philip Richman structure deferral of his Traeger (COOK) RSUs?
Richman elected to defer receipt of Traeger common stock underlying his RSUs under the company’s Deferred Compensation Plan. Shares will be delivered within 45 days after the earliest of separation from service, a change in control, death, or disability, according to the Form 4 footnote.