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Utz Brands (NYSE: UTZ) director granted 16,927 restricted stock units in equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Giordano Jason K reported acquisition or exercise transactions in this Form 4 filing.

Utz Brands, Inc. director Jason K. Giordano received a grant of 16,927 shares of Class A Common Stock in the form of restricted stock units under the company’s 2020 Omnibus Equity Incentive Plan. These restricted stock units vest 100% on April 23, 2027, contingent on continued service and plan conditions.

Following this award, Giordano directly owns 3,840,293 shares of Class A Common Stock, including shares held together with his spouse.

Positive

  • None.

Negative

  • None.
Insider Giordano Jason K
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 16,927 $0.00 --
Holdings After Transaction: Class A Common Stock — 3,840,293 shares (Direct, null)
Footnotes (1)
  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. These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.
RSUs granted 16,927 shares Restricted stock unit award of Class A Common Stock
Grant price $0.0000 per share Reported transaction price for RSU grant
Post-grant holdings 3,840,293 shares Total Class A Common Stock owned directly after transaction
Vesting date April 23, 2027 100% vesting date for the restricted stock units
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.
2020 Omnibus Equity Incentive Plan financial
"under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan")"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
vest financial
"The restricted stock units vest under the following schedule"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject to the reporting person's continuous service to the Company"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Giordano Jason K
(Last)(First)(Middle)
C/O UTZ BRANDS, INC.
900 HIGH STREET
(Street)
HANOVER PENNSYLVANIA 17331
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock04/23/2026A16,927(1)(2)A$03,840,293D(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.
Remarks:
/s/ Theresa R. Shea, as attorney-in-fact for Jason K. Giordano04/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Utz Brands (UTZ) director Jason K. Giordano report on this Form 4?

Jason K. Giordano reported receiving 16,927 restricted stock units of Utz Brands Class A Common Stock as a grant. The award is part of the company’s 2020 Omnibus Equity Incentive Plan and was issued at no cash cost per share as equity compensation.

When do Jason K. Giordano’s new Utz Brands (UTZ) restricted stock units vest?

The restricted stock units vest 100% on April 23, 2027, if service continues. Vesting is also subject to conditions described in the plan and the restricted stock unit award agreement, meaning the shares are not fully owned until those requirements are satisfied.

How many Utz Brands (UTZ) shares does Jason K. Giordano own after this grant?

After the grant, Giordano directly owns 3,840,293 shares of Utz Brands Class A Common Stock. This total includes shares held together with his spouse, as noted in the filing’s footnotes regarding the nature of his beneficial ownership position.

What is the nature of the Utz Brands (UTZ) award Jason K. Giordano received?

The award consists of restricted stock units, each representing a contingent right to receive one share of Class A Common Stock. These units are granted under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan as equity-based compensation, not as an open-market stock purchase.

Does Jason K. Giordano pay cash for the Utz Brands (UTZ) restricted stock units?

No, the restricted stock units were granted at a reported price of $0.0000 per share. This indicates the award is a compensation grant rather than a cash stock purchase, subject to vesting and other conditions in the plan and award agreement.