John W. Altmeyer - 24 Apr 2024 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role
Director
Signature
/s/ Theresa R. Shea, as attorney-in-fact for John W. Altmeyer
Issuer symbol
UTZ
Transactions as of
24 Apr 2024
Transactions value $
$0
Form type
4
Filing time
26 Apr 2024, 16:48:43 UTC
Previous filing
01 Feb 2024
Next filing
01 May 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 $0 +270 +0.54% $0 50,480 24 Apr 2024 Direct F1
transaction UTZ Class A Common Stock Award $0 +7,420 +15% $0 57,900 24 Apr 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the issuance of additional shares under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan") that the Issuer intended to include in the May 2022 non-employee director equity retainer.
F2 The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the Plan. 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, 100% of the shares subject to the restricted stock units vest on April 24, 2025, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.

Remarks:

See Power of Attorney attached hereto as Exhibit 24.1.