Shea Theresa Robbins 4
Research Summary
AI-generated summary
Utz Brands (UTZ) EVP Shea Robbins Receives Restricted Stock Award
What Happened
- Shea Theresa Robbins, Executive Vice President and Chief Legal Officer of Utz Brands, was awarded 23,333 restricted stock units (RSUs) on March 9, 2026. The reported acquisition price is $0.00 because this is a compensation grant (transaction code A).
- Each RSU represents a contingent right to one share of Utz Brands Class A common stock; the grant total value is disclosed as $0 in the filing (non-cash award under the company plan).
Key Details
- Transaction date: 2026-03-09; Form 4 filed: 2026-03-10 (timely filing).
- Shares/units granted: 23,333 RSUs; price per share: $0.00 (award/grant).
- Shares owned after transaction: Not specified in the Form 4.
- Footnotes: RSUs are awarded under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan and are subject to Rule 16b-3 (F1).
- Vesting schedule: 33.33% vest on 12/31/2026, 33.33% on 12/31/2027, and 33.34% on 12/31/2028, subject to continuous service and plan conditions (F2).
- Grant purpose: Described as a special grant to certain senior officers to promote leadership continuity and disciplined execution (F3).
Context
- This is a compensation grant (award of RSUs), not a market purchase or sale. RSUs are typically subject to vesting and service conditions; they become actual shares only if vesting conditions are met.
- Such awards are common as part of executive compensation and do not by themselves indicate a near-term buying or selling signal.