Utz Brands director granted 16,927 RSUs
Lindeman Bruce John reported acquisition or exercise transactions in this Form 4 filing.
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Key Terms
restricted stock unit award financial
Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan financial
restricted stock units financial
continuous service financial
FAQ
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What insider transaction did Utz Brands (UTZ) director Bruce John Lindeman report?
When do Bruce John Lindeman’s new Utz Brands (UTZ) restricted stock units vest?
What does the Utz Brands (UTZ) restricted stock unit award represent for Bruce John Lindeman?
Was cash paid for Bruce John Lindeman’s Utz Brands (UTZ) stock grant on this Form 4?
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