Kelley William J. JR 4

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.