Giordano Jason K 4
Research Summary
AI-generated summary
Utz (UTZ) Director Jason K. Giordano Receives Award
What Happened
- Jason K. Giordano, a director of Utz Brands, was granted 16,927 restricted stock units (RSUs) on April 23, 2026. The award is recorded at $0.00 (an RSU grant, not a cash purchase) and 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 date: 2026-04-23 (Form 4 filed 2026-04-27).
- Transaction type/code: Award/Grant (A); price reported $0.00.
- Amount: 16,927 restricted stock units.
- Vesting: 100% of the RSUs vest on April 23, 2027, subject to Giordano’s continued service and plan conditions (footnote F2).
- RSU mechanics: Each RSU converts to one share upon vesting (footnote F1).
- Ownership note: Filing states certain securities include shares held by Giordano together with his spouse (footnote F3).
- Timeliness: Filing was submitted on 2026-04-27, within the standard two-business-day window after the 2026-04-23 transaction.
Context
- RSU grants are typical director/executive compensation and do not create immediate share ownership until vesting; they are not the same as an open-market purchase (less direct signal of personal conviction). No sale, cash exercise, or tax-withholding sale was reported in this filing.