Roger K. Deromedi - 31 Jan 2022 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Director
Signature
/s/ Jeremiah G. Garvey, as Attorney-in-Fact for Jason K. Giordano
Issuer symbol
UTZ
Transactions as of
31 Jan 2022
Net transactions value
$0
Form type
4
Filing time
01 Feb 2022, 18:46:15 UTC
Next filing
09 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Gift $0 -950,000 -22% $0.000000 3,293,666 08 Nov 2021 See Footnote F1, F2
transaction UTZ Class A Common Stock Gift $0 +950,000 $0.000000 950,000 08 Nov 2021 See Footnote F1, F3
transaction UTZ Class A Common Stock Award $0 +2,574 $0.000000 2,574 31 Jan 2022 Direct F4, F5
holding UTZ Class A Common Stock 360,000 31 Jan 2022 See Footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction involved a gift of securities by the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/9/2011 (the "Revocable Trust") to the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust dated 11/01/2021 (the "Grantor Annuity Trust").
F2 The securities are held by the Revocable Trust. The Reporting Person holds voting and dispositive power over the Revocable Trust.
F3 The securities are held by the Grantor Annuity Trust. The reporting Person holds voting and dispositive power over the Grantor Annuity Trust.
F4 The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"), 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.
F5 The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on May 5, 2022, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
F6 The securities are held by the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.