0000899243-21-031656.txt : 20210804 0000899243-21-031656.hdr.sgml : 20210804 20210804184111 ACCESSION NUMBER: 0000899243-21-031656 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210802 FILED AS OF DATE: 20210804 DATE AS OF CHANGE: 20210804 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ANDRUS JEREMY CENTRAL INDEX KEY: 0001523496 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40694 FILM NUMBER: 211145631 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] IRS NUMBER: 822739741 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1215 E. WILMINGTON AVENUE STREET 2: SUITE 200 CITY: SALT LAKE CITY STATE: UT ZIP: 84106 BUSINESS PHONE: 801-701-7180 MAIL ADDRESS: STREET 1: 1215 E. WILMINGTON AVENUE STREET 2: SUITE 200 CITY: SALT LAKE CITY STATE: UT ZIP: 84106 FORMER COMPANY: FORMER CONFORMED NAME: TGPX Holdings I LLC DATE OF NAME CHANGE: 20210420 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2021-08-02 0 0001857853 Traeger, Inc. COOK 0001523496 ANDRUS JEREMY C/O TRAEGER, INC. 1215 E WILMINGTON AVE., SUITE 200 SALT LAKE CITY UT 84106 1 1 0 0 Chief Executive Officer Common Stock 2021-08-02 4 S 0 555556 16.92 D 5274030 D Common Stock 2021-08-02 4 A 0 2594319 0.00 A 7868349 D Common Stock 2021-08-02 4 S 0 1311753 16.92 D 3890913 I By Andrus-Traeger Holdings, LLC Performance-Based Restricted Stock Unit 2021-08-02 4 A 0 5188638 0.00 A 2031-08-02 Common Stock 5188638 5188638 D 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 with respect to 20% of the underlying shares on each of the first, second, third, fourth and firth anniversaries of the grant date (August 2, 2022, August 2, 2023, August 2, 2024, August 2, 2025 and August 2, 2026). 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. Represents an award of Performance-Based Restricted Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The PSUs consist of 5 tranches, each representing 20% of the total award. Each tranche is eligible to be earned based upon the Issuer's Common Stock achieving a specified average price per share measured over any 60 consecurtive trading-day period, with such specified average prices ranging from $22.50 per share to $54.93 per share. For each tranche, earned PSUs vest according to the respective tranche vesting schedule. For the first tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2022 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2023 and the date on which the average price per share is achieved for such tranche. (Continued from Footnote 3) For the second tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2023 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2024 and the date on which the average price per share is achieved for such tranche. For the third tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2024 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2025 and the date on which the average price per share is achieved for such tranche. (Continued from Footnote 4) For the fourth tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2025 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2026 and the date on which the average price per share is achieved for such tranche. For the fifth tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2026 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2027 and the date on which the average price per share is achieved for such tranche. By: /s/ Thomas Burton, Attorney-in-fact 2021-08-04