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