Utz Brands (NYSE: UTZ) director awarded 16,927 restricted stock units vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DEROMEDI ROGER K reported acquisition or exercise transactions in this Form 4 filing.
Utz Brands, Inc. director Roger K. Deromedi received 16,927 restricted stock units of Class A Common Stock under the company’s 2020 Omnibus Equity Incentive Plan. Each unit represents a contingent right to one share of Class A Common Stock.
The restricted stock units vest 100% on April 23, 2027, subject to his continuous service and conditions in the plan and award agreement. Following this grant, he holds 26,600 Class A shares directly, in addition to various indirect holdings through a revocable trust and several Grantor Retained Annuity Trusts, with certain prior trust-to-trust transfers noted as exempt under Rule 16a-13.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
DEROMEDI ROGER K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 26,600 shares (Direct, null);
Class A Common Stock — 440,243 shares (Indirect, See Footnote)
Footnotes (1)
- The shares of Issuer's 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"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on April 23, 2027, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan. Reflects a prior transfer of 380,021 shares of the Issuer's Class A Common Stock from the 2021 GRAT to the Revocable Trust, that was exempt under Rule 16a-13. Reflects a prior transfer of 811,480 shares of the Issuer's Class A Common Stock from the 2024 GRAT 2 to the Revocable Trust, that was exempt under Rule 16a-13. Reflects a prior transfer of 1,997,263 shares of the Issuer's Class A Common Stock from the Revocable Trust to the 2026 GRAT 1, that was exempt under Rule 16a-13. Reflects a prior transfer of 1,280,610 shares of the Issuer's Class A Common Stock from the Revocable Trust to the 2026 GRAT 2, that was exempt under Rule 16a-13. The securities are held by the Roger K. Deromedi Revocable Trust 2/11/2000 Amended and Restated 11/09/2011 (The "Revocable Trust"). The Reporting Person holds voting and dispositive power over the Revocable Trust. The securities are held by the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust. The securities are held by the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust dated 11/01/2021 (the "2021 GRAT"). The reporting Person holds voting and dispositive power over the 2021 GRAT. The securities are held by the The Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024 (the "2024 GRAT 1"). The Reporting Person holds voting and dispositive power over the 2024 GRAT 1. The securities are held by the Roger K Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 11/19/2024 (the "2024 GRAT 2"). The Reporting Person holds voting and dispositive power over the 2024 GRAT 2. The securities are held by the The Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 1/07/2026 (the "2026 GRAT 1"). The securities are held by the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/17/2026 (the "2026 GRAT 2").
Key Figures
RSU grant size: 16,927 units
RSU vesting date: April 23, 2027
Direct shares after grant: 26,600 shares
+5 more
8 metrics
RSU grant size
16,927 units
Restricted stock units of Class A Common Stock granted to director
RSU vesting date
April 23, 2027
100% of restricted stock units vest on this date
Direct shares after grant
26,600 shares
Total Class A Common Stock held directly following the award
2026 GRAT 2 indirect holding
1,280,610 shares
Class A shares held indirectly via 2026 GRAT 2
2026 GRAT 1 indirect holding
1,997,263 shares
Class A shares held indirectly via 2026 GRAT 1
Revocable Trust indirect holding
409,369 shares
Class A shares held by the Revocable Trust
Irrevocable Trust indirect holding
188,520 shares
Class A shares held by an Irrevocable Generation Skipping Trust
Other GRAT holdings
81,380 and 360,000 shares
Class A shares held by 2024 GRAT 1 and 2021 GRAT
Key Terms
restricted stock unit, Grantor Retained Annuity Trust, Generation Skipping Trust, Rule 16a-13, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Grantor Retained Annuity Trust financial
"Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024 (the "2024 GRAT 1")."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Generation Skipping Trust financial
"Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi"
Rule 16a-13 regulatory
"Reflects a prior transfer ... that was exempt under Rule 16a-13."
voting and dispositive power financial
"The Reporting Person holds voting and dispositive power over the Revocable Trust."
FAQ
What did Roger K. Deromedi receive in the latest Utz (UTZ) Form 4 filing?
Roger K. Deromedi received 16,927 restricted stock units of Utz Class A Common Stock as a grant under the 2020 Omnibus Equity Incentive Plan. Each unit represents a contingent right to receive one share of Class A Common Stock, rather than an immediate cash or share payment.
When do the 16,927 Utz (UTZ) restricted stock units granted to Deromedi vest?
The 16,927 restricted stock units vest 100% on April 23, 2027. Vesting is subject to Deromedi’s continuous service with the company through that date and to additional conditions described in the plan and the restricted stock unit award agreement referenced in the filing footnotes.
What plan governs the restricted stock unit grant reported for Utz (UTZ)?
The grant is made under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan, as amended. The plan and the related restricted stock unit award agreement define the terms, including the vesting schedule, service requirements, and other conditions applicable to the 16,927 restricted stock units awarded.