Howard A. Friedman - 15 Dec 2022 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role: CEO, Director
Signature: /s/ Jeremiah G. Garvey as attorney-in-fact for Howard A. Friedman
Issuer symbol: UTZ
Transactions as of: 15 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 19 Dec 2022, 19:49:15 UTC
Previous filing: 18 Nov 2021
Next filing: 02 Feb 2023
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	Award	$0	+112,044		$0.000000	112,044	15 Dec 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each of 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.
F2	The restricted stock units vest under the following schedule: 50% of the shares of Class A Common Stock subject to the restricted stock units vest on December 31, 2023 and 50% of the shares of Class A Common Stock subject to the restricted stock units vest on December 31, 2024 for so long as the participant remains in Continuous Service (as defined in the Plan) to the Company and subject to certain conditions detailed in the Plan.

Content

Each of 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.

The restricted stock units vest under the following schedule: 50% of the shares of Class A Common Stock subject to the restricted stock units vest on December 31, 2023 and 50% of the shares of Class A Common Stock subject to the restricted stock units vest on December 31, 2024 for so long as the participant remains in Continuous Service (as defined in the Plan) to the Company and subject to certain conditions detailed in the Plan.