Arends Mitchell Andrew 4
4 · Utz Brands, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Utz Brands (UTZ) EVP Arends Mitchell Andrew Receives RSU Award
What Happened
Arends Mitchell Andrew, EVP, Chief Integrated Supply Chain of Utz Brands, received a grant of 26,013 restricted stock units (RSUs) on March 9, 2026. The reported acquisition price is $0.00, which reflects an award of RSUs (not a cash purchase). Each RSU represents a contingent right to one share of Utz Class A common stock under the company's 2020 Omnibus Equity Incentive Plan.
Key Details
- Transaction type: Award/Grant (code A) — 26,013 RSUs granted on 2026-03-09; filing dated 2026-03-10.
- Reported price: $0.00 (typical reporting for awards; RSUs convert to shares upon vesting).
- Shares owned after transaction: Not disclosed in this Form 4.
- Vesting: 33.33% vests 12/31/2026, 33.33% vests 12/31/2027, 33.34% vests 12/31/2028, subject to continuous service and plan conditions (see footnote).
- Grant rationale: Described as a special grant to certain senior officers to promote leadership continuity and disciplined execution.
- Timeliness: Filing appears timely (transaction 2026-03-09; Form 4 filed 2026-03-10).
Context
RSU awards are not open-market purchases or sales — they are compensation that converts to shares only if vesting conditions are met. For investors, awards show management is being incentivized for future performance/retention but do not necessarily signal immediate insider buying or selling.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2][F3]2026-03-09+26,013→ 101,712 total
Footnotes (3)
- [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 Issuer through such dates and subject to certain conditions detailed in the Plan.
- [F3]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.