0001857853-24-000009.txt : 20240207
0001857853-24-000009.hdr.sgml : 20240207
20240207183133
ACCESSION NUMBER: 0001857853-24-000009
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240206
FILED AS OF DATE: 20240207
DATE AS OF CHANGE: 20240207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ANDRUS JEREMY
CENTRAL INDEX KEY: 0001523496
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40694
FILM NUMBER: 24606242
MAIL ADDRESS:
STREET 1: C/O TRAEGER
STREET 2: 1215 E. WILMINGTON AVENUE, SUITE 200
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84106
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Traeger, Inc.
CENTRAL INDEX KEY: 0001857853
STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD APPLIANCES [3630]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 822739741
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 533 SOUTH 400 WEST
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84101
BUSINESS PHONE: 801-701-7180
MAIL ADDRESS:
STREET 1: 533 SOUTH 400 WEST
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84101
FORMER COMPANY:
FORMER CONFORMED NAME: TGPX Holdings I LLC
DATE OF NAME CHANGE: 20210420
4
1
wk-form4_1707348682.xml
FORM 4
X0508
4
2024-02-06
0
0001857853
Traeger, Inc.
COOK
0001523496
ANDRUS JEREMY
C/O TRAEGER, INC.
533 SOUTH 400 WEST
SALT LAKE CITY
UT
84101
1
1
0
0
Chief Executive Officer
0
Common Stock
2024-02-06
4
A
0
2075456
0
A
6813875
D
Common Stock
3399002
I
By JA Cropston, LLC
Common Stock
5422908
I
By JK Andrus Investments, LLC
Represents an award of shares of performance-based restricted stock (the "Performance Shares") pursuant to a Performance-Based Restricted Stock Agreement, between the Issuer and the Reporting Person. The Performance Shares are eligible to be earned upon the achievement of Adjusted EBITDA goals during the fiscal year ending December 31, 2024. If the Adjusted EBITDA goal is achieved, the earned Performance Shares will vest on March 31, 2025. If the target Adjusted EBITDA goal is not achieved, then the Performance Shares instead will become eligible to be earned based on the achievement of a stock price of $18.00 per share for the period beginning on January 1, 2025 and ending on August 2, 2031.
(continued from footnote 1) If the stock price goal is achieved, the earned Performance Shares will vest on the later of March 31, 2025 and the date on which the stock price goal is achieved. The vesting of the Performance Shares is in all cases subject to the Reporting Person's continued service as the Issuer's chief executive officer or executive chairman of its board of directors.
The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
/s/ Courtland Astill, Attorney-in-fact
2024-02-07