Director at Utz Brands (NYSE: UTZ) granted 16,927 RSUs
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 16,927 shares
Net Buy
1 txn
Insider
Brown Timothy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 84,500 shares (Direct)
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
RSU grant size: 16,927 shares
Shares held after transaction: 84,500 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
16,927 shares
Restricted stock units of Class A Common Stock granted April 23, 2026
Shares held after transaction
84,500 shares
Total direct Class A Common Stock holdings after the grant
Grant price per share
$0.00 per share
Equity compensation award, no cash paid by reporting person
Vesting date
April 23, 2027
100% of restricted stock units vest on this date if conditions are met
Key Terms
restricted stock unit, Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan, Class A Common Stock, vesting schedule
4 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"
Class A Common Stock financial
"The shares of Issuer's Class A Common Stock are subject to a restricted stock unit award"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting schedule financial
"The restricted stock units vest under the following schedule: subject to the terms"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Timothy Brown report in this Utz (UTZ) Form 4 filing?
Timothy Brown reported receiving 16,927 restricted stock units of Utz Class A Common Stock. These units were granted as equity compensation and involve no cash purchase, reflecting a stock-based award rather than an open-market transaction or sale of existing shares.
Is the Timothy Brown Utz (UTZ) transaction a stock purchase or sale?
The filing shows an equity grant, not an open-market purchase or sale. Brown received 16,927 restricted stock units as a compensation award, coded as an acquisition (A), with a price per share of $0.00, indicating no cash changed hands in the transaction.
When do Timothy Brown’s Utz (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 the company through that date and compliance with additional terms specified in the restricted stock unit award agreement and the equity plan.
Under which plan were the Utz (UTZ) restricted stock units granted to Timothy Brown?
The restricted stock units were granted under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan. This plan governs equity-based awards, including restricted stock units, and sets conditions such as vesting schedules, service requirements, and other terms that apply to the grant.