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