Roger K. Deromedi - May 4, 2023 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Director
Signature
/s/ Jeremiah G. Garvey, as Attorney-in-Fact for Roger K. Deromedi
Stock symbol
UTZ
Transactions as of
May 4, 2023
Transactions value $
$0
Form type
4
Date filed
5/8/2023, 06:18 PM
Previous filing
May 5, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Award $0 +6.75K +61.65% $0.00 17.7K May 4, 2023 Direct F1, F2
holding UTZ Class A Common Stock 3.37M May 4, 2023 See Footnote F3
holding UTZ Class A Common Stock 360K May 4, 2023 See Footnote F4
holding UTZ Class A Common Stock 841K May 4, 2023 See Footnote F5
* 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 April 25, 2024, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
F3 The securities are held by the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/09/2011 (The "Revocable Trust"). The Reporting Person holds voting and dispositive power over the Revocable Trust.
F4 The securities are held by the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.
F5 The securities are held by the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (the "Grantor Annuity Trust"). The reporting Person holds voting and dispositive power over the Grantor Annuity Trust.

Remarks:

See power of attorney attached hereto as Exhibit 24.1.