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Utz Brands (UTZ) executive reports RSU grant and tax share withholdings

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Utz Brands, Inc. executive Mitchell Andrew Arends reported several equity transactions. On January 2, 2026, shares of Class A Common Stock totaling 10,559, 1,257, and 1,231 were withheld at a price of $10.38 per share to cover tax liabilities from previously granted restricted stock unit (RSU) awards. After these withholdings, he continued to hold a significant direct position.

On January 5, 2026, Arends received a new award of 24,390 RSUs under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan at a grant price of $0, bringing his directly held securities to 75,699 shares and units. These RSUs vest in three equal annual installments, with 33.33% vesting on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, contingent on his continued service as EVP Chief Integr Supply Chain.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Arends Mitchell Andrew

(Last) (First) (Middle)
C/O UTZ BRANDS, INC.
900 HIGH STREET

(Street)
HANOVER PA 17331

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP Chief Integr Supply Chain
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 01/02/2026 F 10,559(1) D $10.38 53,797 D
Class A Common Stock 01/02/2026 F 1,257(2) D $10.38 52,540 D
Class A Common Stock 01/02/2026 F 1,231(3) D $10.38 51,309 D
Class A Common Stock 01/05/2026 A 24,390(4)(5) A $0 75,699 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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 November 30, 2023.
2. 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, 2024.
3. 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 January 6, 2025.
4. 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") 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.
5. 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% 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 Company through such dates and subject to certain conditions detailed in the Plan.
Remarks:
/s/ Theresa R. Shea, as attorney-in-fact for Mitchell Andrew Arends 01/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Utz Brands (UTZ) report in this Form 4?

The Form 4 reports that executive Mitchell Andrew Arends had Class A Common Stock withheld to cover tax liabilities from RSU settlements and received a new grant of 24,390 restricted stock units under the company’s 2020 Omnibus Equity Incentive Plan.

How many Utz Brands (UTZ) shares were withheld for taxes from RSU settlements?

On January 2, 2026, a total of 10,559, 1,257, and 1,231 shares of Utz Brands Class A Common Stock were withheld at $10.38 per share to satisfy tax obligations related to previously granted RSU awards.

How large is the new RSU award reported for the Utz Brands (UTZ) executive?

On January 5, 2026, Mitchell Andrew Arends received a new award of 24,390 restricted stock units of Utz Brands Class A Common Stock, granted at $0 under the 2020 Omnibus Equity Incentive Plan.

What is the vesting schedule for the new Utz Brands (UTZ) RSU grant?

The 24,390 RSUs vest in three tranches: 33.33% on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to continuous service and other conditions in the plan.

What is Mitchell Andrew Arends’ role at Utz Brands (UTZ)?

He is an officer of Utz Brands, Inc., serving as EVP Chief Integr Supply Chain, as indicated in the relationship section of the Form 4.

How many Utz Brands (UTZ) securities does the executive hold after these transactions?

Following the reported transactions, Mitchell Andrew Arends beneficially owns 75,699 Utz Brands Class A Common Stock shares and units directly.

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