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Utz Brands (NYSE: UTZ) awards 23,333 RSUs to Chief Legal Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

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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*
Shea Theresa Robbins

(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 Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026
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 03/09/2026 A 23,333(1)(2)(3) A $0 110,524 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. 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.
2. 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.
3. 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.
Remarks:
/s/ Theresa Robbins Shea 03/10/2026
** 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 for Theresa Robbins Shea?

Utz Brands reported a grant of 23,333 restricted stock units of Class A Common Stock to EVP and Chief Legal Officer Theresa Robbins Shea. This equity award increases her direct holdings to 110,524 shares, aligning her compensation more closely with long-term shareholder interests and company performance.

How do the new restricted stock units for Utz Brands (UTZ) CLO vest?

The 23,333 restricted stock units vest in three equal-time installments. 33.33% vest on December 31, 2026, another 33.33% on December 31, 2027, and the remaining 33.34% on December 31, 2028, contingent on continuous service and conditions under the 2020 Omnibus Equity Incentive Plan.

What is the nature of the equity award reported by Utz Brands (UTZ)?

The filing describes a special grant of restricted stock units to certain senior officers, including the Chief Legal Officer. Each unit represents a contingent right to receive one share of Class A Common Stock, granted at no cash cost, under Utz Brands’ 2020 Omnibus Equity Incentive Plan framework.

Why did Utz Brands (UTZ) provide this special restricted stock grant?

The company states the special restricted stock unit grant is intended to promote leadership continuity and disciplined execution as Utz Brands advances its long-term strategy. By granting equity-based awards, the company further links senior officer incentives to long-term corporate objectives and shareholder value creation.

What does the Utz Brands (UTZ) Form 4 reveal about Theresa Robbins Shea’s ownership?

After the reported grant of 23,333 restricted stock units, Theresa Robbins Shea’s direct beneficial ownership stands at 110,524 shares of Class A Common Stock. The reported holding figure reflects her position following this compensation-related equity award and excludes any additional unreported future grants or transactions.
Utz Brands Inc

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