secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001857853-23-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger cancels unearned PSUs for CEO, CFO, COO; grants CEO performance shares tied to EBITDA or $18 stock price
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- Cancelled 4,150,910 unearned PSUs for CEO Jeremy Andrus, 153,333 for CFO Dominic Blosil, 93,333 for COO James Hardy.
- Granted 1,037,728 performance shares to CEO Andrus under 2021 Incentive Plan.
- Performance shares vest if FY2023 adjusted EBITDA goal met; otherwise based on $18.00/share stock price by Aug 2031.
- Andrus must hold vested shares for two years; 83(b) election required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785323000032/0001857853-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785323000032/tra-20230413.htm
  HTML page:      https://secwatch.observer/filing/0001857853-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer