Utz Brands (UTZ) director awarded 16,927 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Werzyn William Jr. reported acquisition or exercise transactions in this Form 4 filing.
Utz Brands, Inc. director William Jr. Werzyn received a grant of 16,927 shares of Class A Common Stock in the form of restricted stock units under the company’s 2020 Omnibus Equity Incentive Plan. These units vest 100% on April 23, 2027, if he remains in continuous service and other plan conditions are met. Following this award, he holds 39,897 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Werzyn William Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 39,897 shares (Direct, null)
Footnotes (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.
Key Figures
RSU grant size: 16,927 shares
Grant price per share: $0.0000 per share
Holdings after grant: 39,897 shares
+1 more
4 metrics
RSU grant size
16,927 shares
Restricted stock unit award of Class A Common Stock
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Holdings after grant
39,897 shares
Total Class A Common Stock directly held after transaction
Vesting date
April 23, 2027
100% of RSUs vest on this date if conditions are met
Key Terms
restricted stock unit, Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan, continuous service
3 terms
restricted stock unit financial
"The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan financial
"subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan"
continuous service financial
"subject to the reporting person's continuous service to the Company through such dates"
FAQ
What insider transaction did Utz Brands (UTZ) report for William Jr. Werzyn?
Utz Brands reported that director William Jr. Werzyn received 16,927 restricted stock units of Class A Common Stock as a grant. These units were awarded at no cash exercise price and are part of the company’s equity incentive compensation program for directors and executives.
When do William Jr. Werzyn’s Utz Brands (UTZ) restricted stock units vest?
The restricted stock units granted to William Jr. Werzyn vest 100% on April 23, 2027. Vesting is conditioned on his continuous service with Utz Brands through that date and on additional terms and conditions detailed in the company’s 2020 Omnibus Equity Incentive Plan.
What does each Utz Brands (UTZ) restricted stock unit granted to William Jr. Werzyn represent?
Each restricted stock unit granted to William Jr. Werzyn represents a contingent right to receive one share of Utz Brands Class A Common Stock. Delivery of those shares depends on satisfying vesting conditions, including continuous service and other requirements described in the 2020 Omnibus Equity Incentive Plan.