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  4. [Form 4] Utz Brands, Inc. Insider Trading Activity

Director at Utz Brands (NYSE: UTZ) receives 16,927 RSUs

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

Rhea-AI Filing Summary

Lindeman Bruce John reported acquisition or exercise transactions in this Form 4 filing.

Utz Brands director Bruce John Lindeman received an equity grant of 16,927 restricted stock units tied to Class A Common Stock. The award was granted at no cash cost as part of the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan and represents a contingent right to receive an equal number of shares.

The restricted stock units are scheduled to vest 100% on April 23, 2027, if Lindeman remains in continuous service and other plan conditions are met. After this grant, his directly held position reported in the filing is 69,080 shares of Class A Common Stock.

Positive

  • None.

Negative

  • None.
Insider Lindeman Bruce John
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 16,927 $0.00 --
Holdings After Transaction: Class A Common Stock — 69,080 shares (Direct, null)
Footnotes (1)
  1. 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"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest under the following schedule: subject to the terms of the restricted stock unit award agreement, 100% of the shares subject to the restricted stock units vest on April 23, 2027, subject to the reporting person's continuous service to the Company through such dates and subject to certain conditions detailed in the Plan.
RSU grant size 16,927 restricted stock units Equity award of Class A Common Stock units
Post-transaction holdings 69,080 shares Class A Common Stock held directly after grant
Vesting date April 23, 2027 100% of restricted stock units vest on this date
Grant price per share $0.00 per share Equity compensation, no cash purchase
restricted stock unit award financial
"The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan financial
"under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan")"
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
continuous service financial
"vest on April 23, 2027, subject to the reporting person's continuous service to the Company"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lindeman Bruce John
(Last)(First)(Middle)
C/O UTZ BRANDS, INC.
900 HIGH STREET
(Street)
HANOVER PENNSYLVANIA 17331
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock04/23/2026A16,927(1)(2)A$069,080D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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"). 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, 100% of the shares subject to the restricted stock units vest on April 23, 2027, subject to the reporting person's continuous service 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 Bruce John Lindeman04/27/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Utz Brands (UTZ) director Bruce John Lindeman report?

Bruce John Lindeman reported receiving 16,927 restricted stock units of Utz Brands Class A Common Stock as an equity grant. The award carries no cash purchase price and was issued under the company’s 2020 Omnibus Equity Incentive Plan as part of his director compensation.

How many Utz Brands (UTZ) shares does Bruce John Lindeman hold after this Form 4?

Following the reported grant, Bruce John Lindeman holds 69,080 shares of Utz Brands Class A Common Stock directly. This figure includes the impact of the newly awarded restricted stock units as reflected in the Form 4’s post-transaction ownership line.

When do Bruce John Lindeman’s new Utz Brands (UTZ) restricted stock units vest?

All 16,927 restricted stock units are scheduled to vest on April 23, 2027. Vesting is conditioned on his continuous service with Utz Brands through that date and on additional terms specified in the 2020 Omnibus Equity Incentive Plan and award agreement.

What does the Utz Brands (UTZ) restricted stock unit award represent for Bruce John Lindeman?

The restricted stock unit award represents a contingent right to receive one share of Utz Brands Class A Common Stock for each unit. The shares are not delivered until vesting conditions are satisfied, making this a stock-based compensation grant rather than an open-market purchase.

Was cash paid for Bruce John Lindeman’s Utz Brands (UTZ) stock grant on this Form 4?

No cash was paid for this grant; the reported transaction price per share is zero. The 16,927 restricted stock units were issued as an equity compensation award under the company’s 2020 Omnibus Equity Incentive Plan, rather than through a market purchase.