Utz Brands (NYSE: UTZ) EVP and CCO awarded 24,962 restricted stock units
Rhea-AI Filing Summary
Stuart Jeremy K reported acquisition or exercise transactions in this Form 4 filing.
Utz Brands, Inc. reported that EVP, Sales & CCO Stuart Jeremy K received an award of 24,962 shares of Class A Common Stock on a grant basis. The shares are in the form of restricted stock units under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan, with each unit representing a right to one share.
The restricted stock units vest in three equal annual tranches, with 33.33% scheduled to vest on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to continuous service and plan conditions. Following this grant, he directly holds 67,469 shares of Class A Common Stock. The company describes this as a special grant to certain senior officers to promote leadership continuity and disciplined execution of its long-term strategy.
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FAQ
What insider transaction did Utz Brands (UTZ) report for Stuart Jeremy K?
How do the new restricted stock units for Utz Brands (UTZ) executive vest?
What plan governs the equity award reported in Utz Brands (UTZ) Form 4?
Why did Utz Brands (UTZ) grant these restricted stock units to its executive?
What is Stuart Jeremy K’s share ownership in Utz Brands (UTZ) after the grant?