On March 26, 2026, Traeger, Inc. disclosed in its Form 8-K filing that the Board of Directors reviewed the results of its 2025 annual cash incentive program. The Board determined that the performance goals set for the program were not achieved, resulting in no payments under the program to the company's named executive officers. However, in a move that highlights the Board's recognition of individual contributions, discretionary cash bonuses were awarded to two key executives: Jeremy Andrus, the Chief Executive Officer, received a bonus of $956,250, while Michael Joseph (Joey) Hord, the Chief Financial Officer, was awarded $270,938. This decision reflects the Board's intent to promote retention and reward significant contributions made by these executives during the fiscal year, despite the overall performance not meeting the established targets. The bonuses are indicative of the Board's strategy to maintain leadership stability and incentivize key personnel in a competitive market. The filing also confirms that Traeger, Inc. remains an emerging growth company, which may influence its operational strategies and financial reporting moving forward.

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