Traeger (NYSE: COOK) CFO receives 25,848 RSU compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hord Michael Joseph reported acquisition or exercise transactions in this Form 4 filing.
Traeger, Inc. reported that Chief Financial Officer Michael Joseph Hord received a grant of 25,848 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive cash equal to the fair market value of one share of Traeger common stock on the vesting date, or equity if the board so decides. The RSUs will vest in three equal installments, with one-third of the total vesting on each of the first three anniversaries of April 3, 2026, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hord Michael Joseph
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,848 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 25,848 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive an amount in cash equal to the fair market value of one share of the Issuer's Common Stock on the applicable vesting date. The RSUs may also settled in equity upon a decision by the Issuer's Board of Directors. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of April 3, 2026, subject to the Reporting Person's continued service with the Issuer.
Key Figures
RSUs granted: 25,848 units
RSUs after transaction: 25,848 units
Vesting schedule: One-third on each of first three anniversaries
+1 more
4 metrics
RSUs granted
25,848 units
Restricted Stock Units awarded to CFO Michael Joseph Hord
RSUs after transaction
25,848 units
Total RSUs held following the reported grant
Vesting schedule
One-third on each of first three anniversaries
Based on April 3, 2026 reference date, subject to continued service
Settlement reference value
Fair market value of one share
Cash amount per RSU on applicable vesting date
Key Terms
Restricted Stock Units, fair market value, vest, continued service, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
fair market value financial
"receive an amount in cash equal to the fair market value of one share..."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vest financial
"The RSUs shall vest as to one-third of the total RSUs..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to the Reporting Person's continued service with the Issuer."
settled in equity financial
"The RSUs may also settled in equity upon a decision by the Issuer's Board..."
FAQ
What did Traeger (COOK) disclose in this Form 4 filing?
Traeger disclosed a compensation grant to its Chief Financial Officer. Michael Joseph Hord received 25,848 Restricted Stock Units, which are equity-linked awards that vest over time. This filing records the award details and resulting holdings, rather than any open-market stock purchase or sale.
How many RSUs were granted to Traeger CFO Michael Joseph Hord?
The CFO was granted 25,848 RSUs. These units give him a contingent right to receive cash equal to the fair market value of one Traeger common share at vesting, or shares if the board elects equity settlement, aligning part of his compensation with company performance.
How do the newly granted Traeger (COOK) RSUs vest for the CFO?
The RSUs vest in three equal annual installments. One-third of the 25,848 units will vest on each of the first three anniversaries of April 3, 2026. Vesting is conditioned on Michael Joseph Hord’s continued service with Traeger through each applicable vesting date.
Did Traeger’s CFO buy or sell common stock in this Form 4?
No open-market buy or sell occurred. The Form 4 reports a grant of 25,848 Restricted Stock Units as compensation, coded as an “A” transaction for award or other acquisition. It does not reflect the CFO purchasing or selling Traeger common shares in the market.