Utz Brands grants 23,333 RSUs to legal chief
Shea Theresa Robbins reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Shea Theresa Robbins reported acquisition or exercise transactions in this Form 4 filing.
Utz Brands, Inc. granted EVP and Chief Legal Officer Theresa Robbins Shea an award of 23,333 restricted stock units of Class A Common Stock as equity compensation. Each unit represents a contingent right to one share.
The award vests in three tranches: 33.33% on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to continued service and plan conditions. Following this grant, she holds 110,524 shares directly. The grant is described as a special award to certain senior officers to promote leadership continuity and disciplined execution of the company’s long-term strategy.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 23,333 | $0.00 | $0.00 |
Footnotes (3)
- F1. The shares of Utz Brands, Inc. (the "Company" or "Issuer") 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.
- F2. 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% of the 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 Issuer through such dates and subject to certain conditions detailed in the Plan.
- F3. Represents a special grant made to certain senior officers of the Company to promote leadership continuity and disciplined execution as the Company advances its long-term strategy.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Utz Brands (UTZ) report for Theresa Robbins Shea?
How do the new restricted stock units for Utz Brands (UTZ) CLO vest?
What is the nature of the equity award reported by Utz Brands (UTZ)?
Why did Utz Brands (UTZ) provide this special restricted stock grant?
What does the Utz Brands (UTZ) Form 4 reveal about Theresa Robbins Shea’s ownership?
AI-generated analysis. How Rhea-AI works. Not financial advice.