Shannan Redcay - Jun 21, 2022 Form 3 Insider Report for Utz Brands, Inc. (UTZ)

Role
EVP, Manufacturing
Signature
/s/ Jeremiah G. Garvey, as attorney-in-fact for Shannan Redcay
Stock symbol
UTZ
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
3
Date filed
6/22/2022, 04:14 PM
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UTZ Class A Common Stock 4.64K Jun 21, 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 Of the restricted stock units 1,525 vest under the following schedule: 50% of the shares subject to the restricted stock units vest on December 31, 2022 and 50% of the shares subject to the restricted stock units vest on December 31, 2023, subject to the reporting person's continuous employment through such dates and subject to certain conditions detailed in the Plan. The remaining 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 December 31, 2024, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney