Eric J. Aumen - Jan 31, 2023 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
SVP & Chief Accounting Officer
Signature
/s/ Jeremiah G. Garvey, as attorney-in-fact for Eric J. Aumen
Stock symbol
UTZ
Transactions as of
Jan 31, 2023
Transactions value $
$6,299
Form type
4
Date filed
2/2/2023, 04:49 PM
Previous filing
Feb 2, 2024
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Award $6.3K +468 +2.4% $13.46 20K Dec 30, 2022 Direct F1
transaction UTZ Class A Common Stock Award $0 +3.49K +17.49% $0.00 23.5K Jan 31, 2023 Direct F2, F3
transaction UTZ Class A Common Stock Award $0 +865 +3.69% $0.00 24.3K Jan 31, 2023 Direct F4
* 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 were acquired on December 30, 2022 pursuant to the Utz Brands, Inc. 2021 Employee Stock Purchase Plan. The acquisition of these shares of Class A Common Stock was exempt under Rule 16b-3(c) and Rule 16b-3(d).
F2 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.
F3 The restricted stock units vest under the following schedule: Subject to the terms of the restricted stock unit award agreement, 100% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2025, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
F4 Represents shares issued upon vesting of performance share unit awards, as approved on January 31, 2023 by the Compensation Committee of the Board of Directors of the Issuer. The acquisition of these shares of Class A Common Stock was exempt under Rule 16b-3.