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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
06 Jan 2025, 21:38:45 UTC
Prior SEC filing
05 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Theresa R. Shea, as attorney-in-fact for Mark Schreiber

Key filing fact

Mark Schreiber filed Form 4 for Utz Brands, Inc. (UTZ) on 06 Jan 2025.

Key facts

  • This page summarizes Mark Schreiber's Form 4 filing for Utz Brands, Inc. (UTZ).
  • 7 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 06 Jan 2025, 21:38.

Change

  • Previous filing in this sequence was filed on 05 Aug 2024.
  • Current net transaction value: -$122,510.

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
$4,821
Shares
+324
Change %
+0.3%
Price
$14.88
Shares after
108,768
Date
31 Dec 2024
Ownership
Direct
Footnotes
F1
UTZ transaction

Class A Common Stock

Tax liability

Transaction value
$30,568
Shares
-1,952
Change %
-1.8%
Price
$15.66
Shares after
106,816
Date
02 Jan 2025
Ownership
Direct
Footnotes
F2
UTZ transaction

Class A Common Stock

Tax liability

Transaction value
$22,409
Shares
-1,431
Change %
-1.3%
Price
$15.66
Shares after
105,385
Date
02 Jan 2025
Ownership
Direct
Footnotes
F3
UTZ transaction

Class A Common Stock

Tax liability

Transaction value
$26,591
Shares
-1,698
Change %
-1.6%
Price
$15.66
Shares after
103,687
Date
02 Jan 2025
Ownership
Direct
Footnotes
F4
UTZ transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+13,380
Change %
+13%
Price
$0.000000
Shares after
117,067
Date
03 Jan 2025
Ownership
Direct
Footnotes
F5, F6
UTZ transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+7,296
Change %
+6.2%
Price
$0.000000
Shares after
124,363
Date
06 Jan 2025
Ownership
Direct
Footnotes
F7
UTZ transaction

Class A Common Stock

Tax liability

Transaction value
$47,763
Shares
-3,050
Change %
-2.5%
Price
$15.66
Shares after
121,313
Date
06 Jan 2025
Ownership
Direct
Footnotes
F8
UTZ holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
700
Date
02 Jan 2025
Ownership
By Family Trust
Footnotes
F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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).

Footnote 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 December 19, 2022.

Footnote 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, 2023.

Footnote F4

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.

Footnote F5

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.

Footnote F6

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.

Footnote F7

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.

Footnote F8

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.

Footnote F9

The shares are held in a trust for the benefit of the reporting person and his spouse. The reporting person and their spouse are trustees of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

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