Christina Choi - May 5, 2022 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Director
Signature
/s/ Jeremiah G. Garvey, as attorney-in-fact for Christina Choi
Stock symbol
UTZ
Transactions as of
May 5, 2022
Transactions value $
$121,099
Form type
4
Date filed
5/9/2022, 04:08 PM
Previous filing
May 7, 2021
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Award $121K +8.37K +82.9% $14.47 18.5K May 5, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 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, 2023, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.