Friedman Howard A 4
4 · Utz Brands, Inc. · Filed Feb 2, 2024
Insider Transaction Report
Form 4
Friedman Howard A
DirectorCEO
Transactions
- Tax Payment
Class A Common Stock
2023-12-31$16.24/sh−16,494$267,863→ 159,843 total - Tax Payment
Class A Common Stock
2023-12-31$16.24/sh−8,536$138,625→ 176,337 total - Award
Class A Common Stock
2024-01-31+63,396→ 223,239 total
Footnotes (4)
- [F1]Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on February 2, 2023.
- [F2]Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on December 19, 2022.
- [F3]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, 2024, 33.33% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2025, and 33.34% shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2026, subject to the reporting person's Continuous Service (as defined in the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "EIP")) to the Company through such dates and subject to certain conditions detailed in the EIP.
- [F4]Each of the shares of Issuer's Class A Common Stock are subject to a restricted stock unit award under the EIP. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.