Sponaugle James 4

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.