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Utz Brands, Inc. — Director's Dealing 2024
Feb 3, 2024
32124_dirs_2024-02-02_252f4e64-5d26-40ed-b0e6-674a243225f2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2022-12-31
Reporting Person: Whyte Chad (EVP, Supply Chain)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-12-31 | Class A Common Stock | F | 2305 | $15.86 | Disposed | 45832 | Direct |
| 2023-12-31 | Class A Common Stock | F | 1159 | $16.24 | Disposed | 44673 | Direct |
| 2023-12-31 | Class A Common Stock | F | 2305 | $16.24 | Disposed | 42368 | Direct |
| 2023-12-31 | Class A Common Stock | F | 1936 | $16.24 | Disposed | 40432 | Direct |
| 2024-01-31 | Class A Common Stock | A | 10776 | — | Acquired | 51208 | Direct |
Footnotes
F1: Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 3/A filed with the
Commission on March 15, 2023.
F2: Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on February 2, 2023.
F3: Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 3/A filed with the Commission on March 15, 2023.
F4: The restricted stock units vest under the following schedule: Subject to the terms of the restricted stock unit award agreement, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2024, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2025, and 33.34% shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2026, subject to the reporting person's Continuous Service (as defined in the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "EIP")) to the Company through such dates and subject to certain conditions detailed in the EIP.
F5: Each of the shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the EIP, made pursuant to Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.