Utz Brands (NYSE: UTZ) CEO receives 132,498-share special equity grant

Rhea-AI Filing Summary

Friedman Howard A reported acquisition or exercise transactions in this Form 4 filing.

Utz Brands, Inc. CEO Howard A. Friedman received a grant of 132,498 shares of Class A Common Stock in the form of restricted stock units under the company’s 2020 Omnibus Equity Incentive Plan. Following this award, he holds 321,932 shares directly.

The restricted stock units vest in three equal annual tranches, with 33.33% scheduled to vest on December 31, 2026, another 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to his continuous service and plan conditions. The filing also notes indirect holdings through the HAF Revocable Trust, a 2025-1 GRAT, and a rollover IRA. The grant is described as a special award to certain senior officers to promote leadership continuity and disciplined execution of Utz’s long-term strategy.

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

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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^*

Friedman Howard A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

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		132,498(1)(2)(3)	A	$0	321,932(4)	D
Class A Common Stock								206,517(4)	I	See Footnote(5)
Class A Common Stock								75,246	I	See Footnote(6)
Class A Common Stock								6,350	I	See Footnote(7)

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.

4. Reflects a prior transfer of 140,219 shares of Class A Common Stock from Howard A. Friedman to the Howard A. Friedman Revocable Trust u/a/d 09/24/2012 ("HAF Revocable Trust") that was exempt under Rule 16a-13.

5. The securities are held by the HAF Revocable Trust.

6. The securities are held by Howard A. Friedman 2025-1 GRAT dtd 06/01/2025.

7. The securities are held by Howard Friedman Rollover IRA.

Remarks:

	/s/ Theresa R. Shea, as attorney-in-fact for Howard A. Friedman	03/10/2026
	** Signature of Reporting Person	Date
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FAQ

What did Utz Brands (UTZ) CEO Howard A. Friedman report in this Form 4?

Howard A. Friedman reported receiving 132,498 shares of Utz Class A Common Stock as a restricted stock unit grant. This equity award increases his direct holdings to 321,932 shares and is part of a special grant to senior officers under Utz’s 2020 Omnibus Equity Incentive Plan.

How do the new restricted stock units for Utz (UTZ) CEO vest over time?

The restricted stock units vest in three annual installments tied to continued service. 33.33% are scheduled to vest on December 31, 2026, another 33.33% on December 31, 2027, and the remaining 33.34% on December 31, 2028, subject to plan terms and conditions.

What is the purpose of the special equity grant disclosed by Utz (UTZ)?

The filing states the grant is a special award to certain senior officers to promote leadership continuity and disciplined execution. It is intended to support Utz Brands’ advancement of its long-term strategy by aligning key executives’ incentives with the company’s ongoing strategic objectives.

How many Utz (UTZ) shares does Howard A. Friedman hold directly after this grant?

After the reported restricted stock unit grant, Howard A. Friedman holds 321,932 shares of Utz Class A Common Stock directly. The filing also lists additional indirect holdings held through the HAF Revocable Trust, a 2025-1 GRAT, and a rollover IRA, each reported as separate ownership lines.

What indirect Utz (UTZ) holdings are reported for Howard A. Friedman in this Form 4?

The Form 4 shows indirect holdings of Utz Class A shares through multiple entities. These include shares held by the HAF Revocable Trust, the Howard A. Friedman 2025-1 GRAT, and a Howard Friedman rollover IRA, each noted with “See Footnote” and described in the accompanying footnotes.

Under which plan were the Utz (UTZ) restricted stock units granted to the CEO?

The restricted stock units were granted under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan. Each unit represents a contingent right to receive one share of Utz Class A Common Stock, subject to the vesting schedule, continuous service requirements, and other conditions described in the plan documents.