Sponaugle James 4

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

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Updated Mar 11, 2026

Utz (UTZ) EVP James Sponaugle Receives 20,195 RSUs

What Happened

James Sponaugle, EVP & Chief People Officer of Utz Brands (UTZ), received an award of 20,195 restricted stock units (RSUs) reported on 2026-03-09. The award was granted at $0.00 (no purchase price); each RSU represents a contingent right to one share of Class A common stock under the company's equity plan.

Key Details

Transaction date: 2026-03-09; Form 4 filed 2026-03-10.
Type: Award/Grant (Code A); acquisition price: $0.00; total nominal cash value reported: $0.
Vesting schedule (per filing): 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.
Footnotes: RSUs issued under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan and the grant is described as a special award to certain senior officers to promote leadership continuity and execution.
Shares owned after transaction: not specified in the provided filing.
Filing timeliness: Form filed the day after the grant date; filing shows no indication of a late report.

Context

RSUs are compensation awards (not open-market purchases or sales). They are contingent until vested and generally convert to actual shares (and taxable income) at vesting or settlement per plan terms.
This was a compensation grant to a senior executive (part of a special leadership continuity award), which aligns executive pay with shareholder value but should not be interpreted alone as a trading signal.

Form 4

Period: 2026-03-09

EVP & Chief People Officer

Transactions

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.

Signature

/s/ Theresa R. Shea, as attorney-in-fact for James Sponaugle|2026-03-10

1 file