Kelley William J. JR 4

4 · Utz Brands, Inc. · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 11, 2026

Utz Brands (UTZ) CFO William J. Kelley Jr. Receives Award

What Happened

William J. Kelley Jr., Chief Financial Officer of Utz Brands, was granted a total of 45,922 restricted stock units (RSUs) on 2026-03-09: 2,982 RSUs and 42,940 RSUs. The awards were granted at $0.00 per share (standard for RSU grants) and represent contingent rights to receive Class A common shares in the future rather than a cash purchase or sale.

Key Details

Transaction date: 2026-03-09; Form filed: 2026-03-10 (timely filing).
Award type: Restricted stock units (transaction code A); grant price shown as $0.00 because these are equity awards, not purchases.
Total RSUs granted: 45,922 (2,982 + 42,940).
Vesting: 33.33% vests 12/31/2026, 33.33% vests 12/31/2027, and 33.34% vests 12/31/2028, subject to Kelley’s continued service and plan conditions (per filing).
Footnotes: F1 explains each RSU equals a contingent right to one share; F3 notes these include additional shares intended to be part of a 01/05/2026 award; F4 notes this was a special grant to certain senior officers to support leadership continuity.
Shares owned after transaction: Not specified in the provided filing excerpt.

Context

RSU grants are a form of compensation, not an open-market purchase or sale, and typically vest over time if the executive remains employed. They signal ongoing alignment of executive pay with shareholder interests but do not necessarily indicate near-term buying or selling by the insider.

Form 4

Period: 2026-03-09

EVP, Chief Financial Officer

Transactions

Footnotes (4)

[F1]The shares of Utz Brands, Inc. (the "Company" or "Issuer") 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.
[F2]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, 2026, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2027, and 33.34% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2028 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.
[F3]Reflects the issuance of additional shares under the Plan that the Issuer intended to include in the Reporting Person's 01/05/2026 award, which was filed with the Commission on 01/06/2026.
[F4]Represents a special grant made to certain senior officers of the Company to promote leadership continuity and disciplined execution as the Company advances its long-term strategy.

Signature

/s/ Theresa R. Shea, as attorney-in-fact for William J. Kelley, Jr.|2026-03-10

1 file