Utz Brands (UTZ) CFO awarded 37,281 RSUs under 2020 incentive plan
Rhea-AI Filing Summary
Utz Brands, Inc. reported an equity award to its Executive Vice President and Chief Financial Officer, William J. Kelley, Jr. On 01/05/2026, he received 37,281 shares of Class A common stock as a restricted stock unit award at a reported price of $0, reflecting a compensation grant rather than an open-market purchase.
The award was granted under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. The units vest over time: 33.33% on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to his continuous service and other plan conditions. Following this grant, he beneficially owns 51,039 shares directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 37,281 | $0.00 | -- |
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") 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 its CFO?
Utz Brands reported that EVP and Chief Financial Officer William J. Kelley, Jr. received an award of 37,281 restricted stock units of Class A common stock on 01/05/2026 as part of his equity compensation.
How do the new restricted stock units for Utz Brands (UTZ) CFO vest?
The restricted stock units vest in three annual tranches: 33.33% on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028, subject to continuous service and plan conditions.
Under which plan were the Utz Brands (UTZ) restricted stock units granted?
The restricted stock unit award to the CFO was 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.
Is the Utz Brands (UTZ) CFO considered an officer for reporting purposes?
Yes. The filing identifies William J. Kelley, Jr. as an officer of Utz Brands, serving as EVP, Chief Financial Officer for purposes of the ownership report.