Lissette Dylan 4
4 · Utz Brands, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Utz Brands Director Lissette Dylan Sells 16,891 Shares (Tax Withholding)
What Happened
- Lissette Dylan, a director of Utz Brands, had 16,891 shares withheld on February 27, 2026 to satisfy a tax liability arising from the settlement of a restricted stock unit award. The withheld shares were valued at $10.38 each, totaling $175,329. This transaction is a tax-withholding disposal (not an open-market sale or purchase).
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (timely filing).
- Price per share: $10.38; Shares involved: 16,891; Total value: $175,329.
- Shares owned after the transaction: not specified in the provided summary of the filing.
- Footnote F1: Shares were withheld to pay tax liability from an RSU settlement originally reported on Dec 19, 2022.
- Footnote F2: Notes certain shares are held in a trust for the reporting person's youngest child; the reporting person disclaims beneficial ownership of those trust-held shares.
- Transaction code: F (tax withholding).
Context
- This was a tax-withholding action tied to the settlement of restricted stock units (RSUs), effectively a cashless disposition to cover taxes—common and generally not interpreted as a directional insider trade signal. The filing was submitted within the Section 16 reporting window and contains the standard disclosure about shares held in a child-benefit trust.
Insider Transaction Report
Form 4
Lissette Dylan
Director
Transactions
- Tax Payment
Class A Common Stock
[F1]2026-02-27$10.38/sh−16,891$175,329→ 143,803 total
Holdings
- 14,829(indirect: See footnote)
Class A Common Stock
[F2]
Footnotes (2)
- [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 December 19, 2022.
- [F2]Reflects shares directly held by a trust for the benefit of the reporting person's youngest child, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held on behalf of his child by this trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Signature
/s/ Theresa R. Shea, as attorney-in-fact for Dylan Lissette|2026-03-03