Mitchell Andrew Arends - Jan 2, 2025 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Signature
/s/ Theresa R. Shea, as attorney-in-fact for Mitchell Andrew Arends
Stock symbol
UTZ
Transactions as of
Jan 2, 2025
Transactions value $
-$23,333
Form type
4
Date filed
1/6/2025, 09:40 PM
Previous filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTZ Class A Common Stock Tax liability -$23.3K -1.49K -3.08% $15.66 46.9K Jan 2, 2025 Direct F1
transaction UTZ Class A Common Stock Award $0 +12.9K +27.53% $0.00 59.8K Jan 3, 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on February 2, 2024.
F2 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 (as amended, 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, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2025, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2026, and 33.34% shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2027, 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 Plan.