Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-09

Traeger (COOK)

CEO Jeremy Andrus was paid $5,138,736 in fiscal year 2025, ↑ up 14.3% from fiscal year 2024 (SEC filing 0001628280-26-027524 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,138,736 ↑
Jeremy Andrus total, FY2025
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Jeremy Andrus (Chief Executive Officer), FY2025 total compensation $5,138,736 (base salary $750,000) [exec_comp, SEC accession 0001628280-26-027524, filed 2026-04-27]

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COOK's next annual pay disclosure, estimated April 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeremy Andrus$750,000$956,250$3,417,586$0$0$0$14,900$5,138,736
Chief Executive Officer
Michael Hord420,173270,938766,713000351,1521,808,976
Chief Financial Officer
Jim Hardy417,62901,062,79500025,7561,506,179
Former President of Apption Labs Limited (d/b/a MEATER)

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Jeremy Andrus$5,138,736$4,496,785—↑ +641,951
Michael Hord1,808,976———
Jim Hardy1,506,1791,411,825—↑ +94,354

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against COOK
2 companies name COOK as a compensation peer

Each company listed discloses COOK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named COOK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jim HardyRSU2025-04-10——7,109——
Jeremy AndrusRSA2025-04-10——11,373——
Jeremy AndrusPRSU2025-04-10—45,492———
Michael HordRSU2025-04-10——5,688——
Michael HordPSU2025-04-10—4,550———
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jim HardyRSU1,708—$92,232
Michael HordPSU1,682—90,828
Jim HardyRSU7,109—383,886
Jeremy AndrusRSU11,373—614,142
Michael HordRSU5,688—307,152
Michael HordRSU562—30,348
Michael HordRSU2,454—132,516
Michael HordPSU4,550—245,700
Jim HardyPSU7,109—383,886
Jeremy AndrusPSU45,492—2,456,568
Jim HardyRSU1,778—96,012
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract, retain, and motivate executive officers by aligning their interests with those of stockholders through a mix of base salary, annual performance-based cash bonuses, and long-term equity incentives. The program emphasizes performance-based compensation, with annual bonuses tied to adjusted EBITDA and long-term incentives tied to relative TSR.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners
Clawback policyThe Compensation Committee is responsible for administering and overseeing the Company's compliance with the compensation recovery policy required by applicable SEC and NYSE Rules. Additionally, the 2022 Letter Agreement imposes certain clawback rights intended to maintain the retention incentives of the RSUs by mirroring their former vesting schedule.
Anti-hedgingThe Insider Trading Policy prohibits covered persons and any entities they control from purchasing financial instruments such as prepaid variable forward contracts, equity swaps, collars, and exchange funds, or otherwise engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company's equity securities.
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-09—————
20252025-05-20—————
20242024-06-11—————
20232023-05-30—————
20222022-06-14—————

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-09—a
20252025-05-20—b
20242024-06-11—c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$192,500
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Traeger2025Jeremy Andrus$750,000$3,417,586$0$0$5,138,736

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Traeger in fiscal 2025?
As disclosed, Jeremy Andrus (Chief Executive Officer) was the highest-paid executive at Traeger in fiscal 2025, with total compensation of $5,138,736.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jeremy AndrusDEF 14A2026-04-270001628280-26-027524Section “Summary Compensation Table” · page 38. As printed: 5,138,736. Filing ↗machine: r3 · c7 · span 990514–990523
2Section 01, Michael HordDEF 14A2026-04-270001628280-26-027524Section “Summary Compensation Table” · page 38. As printed: 1,808,976. Filing ↗machine: r5 · c7 · span 1001765–1001774
3Section 01, Jim HardyDEF 14A2026-04-270001628280-26-027524Section “Summary Compensation Table” · page 38. As printed: 1,506,179. Filing ↗machine: r7 · c7 · span 1007787–1007796
4Section 03, Jim Hardy RSUDEF 14A2026-04-270001628280-26-027524Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1052887–1052892
5Section 03, Jeremy Andrus RSADEF 14A2026-04-270001628280-26-027524Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1038272–1038278
6Section 03, Jeremy Andrus PRSUDEF 14A2026-04-270001628280-26-027524Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1038693–1038699
7Section 03, Michael Hord RSUDEF 14A2026-04-270001628280-26-027524Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1050972–1050977
8Section 03, Michael Hord PSUDEF 14A2026-04-270001628280-26-027524Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1051691–1051696
9Section 06, 2026 voteForm 8-K2026-06-090001628280-26-041919Item 5.07 · say-on-pay result. As reported: —. Filing ↗
10Section 06, 2025 voteForm 8-K2025-05-220001857853-25-000066Item 5.07 · say-on-pay result. As reported: —. Filing ↗
11Section 06, 2024 voteForm 8-K2024-06-170001857853-24-000077Item 5.07 · say-on-pay result. As reported: —. Filing ↗
12Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
13Traeger (subject), Section 10b CEO totalDEF 14A2026-04-270001628280-26-027524CEO total compensation as printed in Traeger's own proxy. As printed: 5,138,736. Filing ↗machine: r3 · c7 · span 990514–990523

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