Cary Devore - 28 Jan 2022 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
EVP & COO
Signature
/s/ Jeremiah G. Garvey as attorney-in-fact for Cary Devore
Issuer symbol
UTZ
Transactions as of
28 Jan 2022
Net transactions value
$0
Form type
4
Filing time
01 Feb 2022, 18:46:34 UTC
Previous filing
05 Jan 2022
Next filing
08 Mar 2022
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 $0 +166,770 +166% $0.000000 267,348 31 Jan 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UTZ Stock Option (Right to Buy) Award $0 +61,959 $0.000000 61,959 28 Jan 2022 Class A Common Stock 61,959 $15.51 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 50% of the shares subject to the restricted stock units vest on December 31, 2022, and the remaining 50% of the shares subject to the restricted stock units vest on December 31, 2023, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
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 (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 Represents stock options granted pursuant to the Plan.
F4 The shares subject to the stock option vest and become exercisable on December 31, 2024, subject to the reporting person's continuous employment through such dates and subject to certain conditions as detailed in the Plan.
F5 The shares subject to stock option expire January 28, 2032.