Director at Utz Brands (NYSE: UTZ) awarded 16,927 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Utz Brands, Inc. director Pamela J. Stewart reported receiving a grant of 16,927 shares of Class A Common Stock through a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan.
The award has no cash exercise price and represents a contingent right to receive one share per unit. All shares subject to these restricted stock units are scheduled to vest on April 23, 2027, if she remains in continuous service to the company and other plan conditions are met. Following this award, she directly holds 54,571 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stewart Pamela J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 54,571 shares (Direct, null)
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"). 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, 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
Transaction price per share: $0.00 per share
Holdings after transaction: 54,571 shares
+1 more
4 metrics
RSU grant size
16,927 shares
Restricted stock unit award of Class A Common Stock
Transaction price per share
$0.00 per share
Equity compensation grant, not an open-market purchase
Holdings after transaction
54,571 shares
Total direct Class A Common Stock held following the award
Vesting date
April 23, 2027
100% of RSUs scheduled to vest on this date
Key Terms
restricted stock unit, Omnibus Equity Incentive Plan, Class A Common Stock, continuous service
4 terms
restricted stock unit financial
"The shares ... are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan"
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.
Omnibus Equity Incentive Plan financial
"restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan"
A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock"
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.
continuous service financial
"vest on April 23, 2027, subject to the reporting person's continuous service to the Company"
FAQ
What insider transaction did Utz Brands (UTZ) director Pamela J. Stewart report?
Pamela J. Stewart reported an equity compensation grant, not an open-market trade. She received 16,927 restricted stock units tied to Utz Brands’ Class A Common Stock under the 2020 Omnibus Equity Incentive Plan, increasing her direct holdings to 54,571 shares after the award.
What is the vesting schedule for Pamela J. Stewart’s Utz Brands (UTZ) RSU grant?
All of the 16,927 restricted stock units are scheduled to vest on April 23, 2027. Vesting is conditioned on Pamela J. Stewart’s continuous service with Utz Brands through that date and additional terms detailed in the company’s 2020 Omnibus Equity Incentive Plan and award agreement.
What are Pamela J. Stewart’s Utz Brands (UTZ) holdings after this Form 4 transaction?
After the reported grant, Pamela J. Stewart directly holds 54,571 shares of Utz Brands Class A Common Stock. This total includes the effect of the 16,927-share restricted stock unit award disclosed in the filing, which vests in full on April 23, 2027, subject to conditions.
Under what plan were the Utz Brands (UTZ) restricted stock units granted to Pamela J. Stewart?
The restricted stock units were granted under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan. This plan governs equity-based awards, and each restricted stock unit represents a contingent right to receive one share of Class A Common Stock if vesting requirements are fulfilled.