Utz Brands (UTZ) reports new RSU award to EVP and tax withholding
Rhea-AI Filing Summary
Utz Brands executive Jeremy K. Stuart, EVP, Sales & CCO, reported routine equity compensation and related tax withholding transactions in Class A Common Stock. On 01/02/2026, a total of several small blocks of shares were disposed of at $10.38 per share, representing shares withheld to cover taxes from the settlement of a previously reported restricted stock unit award.
On 01/06/2026, Stuart received a new award of 23,406 restricted stock units under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan at a price of $0 per unit, each unit representing one share of Class A Common Stock. Following these transactions, he beneficially owned 42,507 shares directly. The new RSUs vest in three roughly equal annual installments on December 31, 2026, December 31, 2027, and December 31, 2028, subject to continued service and plan conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 23,406 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,496 | $10.38 | $26K |
| Tax Withholding | Class A Common Stock | 362 | $10.38 | $4K |
| Tax Withholding | Class A Common Stock | 354 | $10.38 | $4K |
| Tax Withholding | Class A Common Stock | 775 | $10.38 | $8K |
Footnotes (1)
- Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on June 1, 2025. 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") 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. 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% 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 Company through such dates and subject to certain conditions detailed in the Plan.
FAQ
What insider transaction did Utz Brands (UTZ) report for Jeremy K. Stuart?
The report shows that Jeremy K. Stuart, EVP, Sales & CCO of Utz Brands, Inc., had shares withheld to pay taxes on restricted stock unit settlement and received a new restricted stock unit award in Class A Common Stock.
How many new restricted stock units did the Utz Brands EVP receive?
On 01/06/2026, Jeremy K. Stuart received 23,406 restricted stock units of Utz Brands Class A Common Stock at a price of $0 per unit under the company’s 2020 Omnibus Equity Incentive Plan.
When do the new Utz Brands restricted stock units granted to the EVP vest?
The restricted stock units vest in three installments: 33.33% on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to continuous service and the conditions of the plan.
What plan governs the Utz Brands (UTZ) restricted stock units in this Form 4?
The restricted stock units are granted under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan, and each unit represents a contingent right to receive one share of Class A Common Stock.