Cary Devore - 02 Jan 2025 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
EVP, Chief Op & Transform Ofc
Signature
/s/ Theresa R. Shea, as attorney-in-fact for Cary Devore
Issuer symbol
UTZ
Transactions as of
02 Jan 2025
Transactions value $
-$666,013
Form type
4
Filing time
06 Jan 2025, 21:43:21 UTC
Previous filing
04 Nov 2024
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 $8.53K +573 +0.13% $14.88 452K 31 Dec 2024 Direct F1
transaction UTZ Class A Common Stock Tax liability -$34.7K -2.21K -0.49% $15.66 449K 02 Jan 2025 Direct F2
transaction UTZ Class A Common Stock Tax liability -$354K -22.6K -5.03% $15.66 427K 02 Jan 2025 Direct F2
transaction UTZ Class A Common Stock Tax liability -$29.5K -1.88K -0.44% $15.66 425K 02 Jan 2025 Direct F3
transaction UTZ Class A Common Stock Award $0 +57.7K +13.58% $0.00 483K 06 Jan 2025 Direct F4
transaction UTZ Class A Common Stock Tax liability -$256K -16.4K -3.39% $15.66 466K 06 Jan 2025 Direct 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 were acquired on December 31, 2024 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 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, 2023.
F3 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.
F4 Represents shares issued upon vesting of performance share unit awards, as approved on January 2, 2025 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.
F5 Represents shares withheld for payment of tax liability arising as a result of the vesting of a performance share unit award reported by the reporting person in this Form 4.