Cary Devore - 31 Jan 2023 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Feb 2023, 16:49:33 UTC
Prior SEC filing
02 Feb 2024
Next SEC filing
07 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jeremiah G. Garvey as attorney-in-fact for Cary Devore

Key filing fact

Cary Devore filed Form 4 for Utz Brands, Inc. (UTZ) on 02 Feb 2023.

Key facts

  • This page summarizes Cary Devore's Form 4 filing for Utz Brands, Inc. (UTZ).
  • 4 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 02 Feb 2023, 16:49.

Change

  • Previous filing in this sequence was filed on 02 Feb 2024.
  • Current net transaction value: +$6,851.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UTZ transaction

Class A Common Stock

Award

Transaction value
$6,851
Shares
+509
Change %
+0.18%
Price
$13.46
Shares after
280,120
Date
30 Dec 2022
Ownership
Direct
Footnotes
F1
UTZ transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+20,340
Change %
+7.3%
Price
$0.000000
Shares after
300,460
Date
31 Jan 2023
Ownership
Direct
Footnotes
F2, F3
UTZ transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+82,117
Change %
+27%
Price
$0.000000
Shares after
382,577
Date
31 Jan 2023
Ownership
Direct
Footnotes
F2, F4
UTZ transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+3,606
Change %
+0.94%
Price
$0.000000
Shares after
386,183
Date
31 Jan 2023
Ownership
Direct
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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).

Footnote 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.

Footnote F3

The restricted stock units vest under the following schedule: Subject to the terms of the restricted stock unit award agreement, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2023, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2024, and 33.34% 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 (as defined in the Plan) to the Company through such dates and subject to certain conditions detailed in the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan.

Footnote F4

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, 2024, subject to the reporting person's Continuous Service (as defined in the Plan) to the Company through such dates and subject to certain conditions detailed in the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan.

Footnote F5

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.

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