Form 4 for UTZ Utz Brands, Inc.
Accepted 2024-02-02 00:00:00 ET · period of report 2023-12-31 · accession 0001739566-24-000019 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-02-02 | 2023-12-31 | UTZ | Friedman Howard A | CEO, Dir | F - Tax | $16.24 | -25.0K | 159.8K | -14% | -$406.5K |
| 2024-02-02 | 2024-01-31 | UTZ | Friedman Howard A | CEO, Dir | A - Grant | $0.00 | +63.4K | 223.2K | +40% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-31 | F | D | 8,536 | $16.24 | 176,337 | D | — | — | (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, 2023. |
| 2 | Common | Class A Common Stock | 2024-01-31 | A | A | 63,396 | $0.00 | 223,239 | D | — | — | (F4) Each of the shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the EIP. 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, 2024, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2025, and 33.34% shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2026, subject to the reporting person's Continuous Service (as defined in the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "EIP")) to the Company through such dates and subject to certain conditions detailed in the EIP. |
| 3 | Common | Class A Common Stock | 2023-12-31 | F | D | 16,494 | $16.24 | 159,843 | 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 December 19, 2022. |