Utz director granted 16,927 restricted stock units
Lissette Dylan reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Lissette Dylan reported acquisition or exercise transactions in this Form 4 filing.
Utz Brands, Inc. director Dylan Lissette received an equity award of 16,927 restricted stock units of Class A Common Stock at $0.00 per share under the company’s 2020 Omnibus Equity Incentive Plan. These units are a form of stock-based compensation, not an open-market purchase.
The restricted stock units vest 100% on April 23, 2027, if he continues serving the company and other plan conditions are met. After this award, he holds 160,730 Class A shares directly and 14,829 shares indirectly through a trust for his youngest child, for which he disclaims beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- 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.
- F3. Reflects shares directly held by a trust for the benefit of the reporting person's youngest child, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held on behalf of his child by this trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Key Figures
Key Terms
restricted stock unit financial
Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan financial
Section 16 regulatory
FAQ
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What insider transaction did Utz Brands (UTZ) report for Dylan Lissette?
When do Dylan Lissette’s Utz Brands (UTZ) restricted stock units vest?
Is the Utz Brands (UTZ) Form 4 transaction a stock purchase or sale?
What is the Utz Brands (UTZ) 2020 Omnibus Equity Incentive Plan mentioned in the Form 4?
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