Utz director awarded 16,927 restricted shares
Giordano Jason K reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,927 | $0.00 | $0.00 |
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. These securities include shares of Class A Common Stock that are held by Jason K. Giordano together with his spouse.
Key Figures
Key Terms
restricted stock unit financial
2020 Omnibus Equity Incentive Plan financial
contingent right financial
vest financial
continuous service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Utz Brands (UTZ) director Jason K. Giordano report on this Form 4?
When do Jason K. Giordano’s new Utz Brands (UTZ) restricted stock units vest?
What is the nature of the Utz Brands (UTZ) award Jason K. Giordano received?
Does Jason K. Giordano pay cash for the Utz Brands (UTZ) restricted stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.