Utz director awarded 16,927 restricted stock units
Brown Timothy reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Brown Timothy reported acquisition or exercise transactions in this Form 4 filing.
Utz Brands director Timothy Brown received an equity grant of 16,927 restricted stock units representing Class A Common Stock. The award was granted at no cash cost as part of compensation under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan.
Each restricted stock unit corresponds to one share of Class A Common Stock and is subject to vesting conditions. All of the units are scheduled to vest on April 23, 2027, if Brown continues to serve the company and other plan conditions are met. Following this grant, he directly holds 84,500 shares of Class A Common Stock, combining previously held shares and the new award.
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 financial
Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan financial
Class A Common Stock financial
vesting schedule financial
FAQ
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What did Timothy Brown report in this Utz (UTZ) Form 4 filing?
Is the Timothy Brown Utz (UTZ) transaction a stock purchase or sale?
When do Timothy Brown’s Utz (UTZ) restricted stock units vest?
Under which plan were the Utz (UTZ) restricted stock units granted to Timothy Brown?
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