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Utz Brands (UTZ) Form 4: 127 Restricted Stock Units Granted to CFO

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

Rhea-AI Filing Summary

William J. Kelley, Jr., EVP & Chief Financial Officer of Utz Brands, Inc. (UTZ), reported the acquisition of 127 restricted stock units on 08/29/2025. The award carries a $0 purchase price and increases his reported beneficial ownership to 13,281 shares of Class A Common Stock. Each restricted stock unit represents a contingent right to one share under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan and vests 100% on December 31, 2027, subject to the reporting person's continuous service and the Plan's conditions. The filing was signed by an attorney-in-fact on behalf of Mr. Kelley.

Positive

  • Acquisition of 127 restricted stock units reported, increasing reported beneficial ownership to 13,281 shares
  • Units granted at $0 under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (explicit in filing)
  • Full vesting schedule disclosed: 100% vests on December 31, 2027 subject to continuous service

Negative

  • None.

Insights

TL;DR: CFO acquired 127 restricted stock units that vest on 12/31/2027, raising beneficial ownership to 13,281 shares.

This Form 4 shows a non-cash grant of 127 restricted stock units to the company's EVP & CFO on 08/29/2025 under the 2020 Omnibus Equity Incentive Plan. The units are contingent rights to one share each and carry a $0 purchase price; they vest fully on December 31, 2027, contingent on continued service. For investors, this is a routine executive equity grant disclosed under Section 16; it documents the change in reported beneficial ownership and the vesting timeline without indicating any exercise, sale, or exercise price exposure.

TL;DR: The filing documents a standard time-based restricted stock unit award with a multi-year vesting condition.

The disclosure clarifies that the RSUs were issued pursuant to Rule 16b-3 and the company's omnibus plan, with vesting tied to continuous service through December 31, 2027. The filing includes the reporting person's role (EVP, Chief Financial Officer) and the post-transaction beneficial ownership total. No amendments, dispositions, or derivative transactions are reported. This is a customary equity-compensation disclosure rather than a material corporate event.

Insider Kelley William J. JR
Role EVP, Chief Financial Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock 127 $0.00 --
Holdings After Transaction: Class A Common Stock — 13,281 shares (Direct)
Footnotes (1)
  1. Each of 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 (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, 100% of the shares of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2027, 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. Reflects the issuance of additional shares under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan") that the Issuer intended to include in the Reporting Person's 05/01/2025 award.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Kelley William J. JR
(Last) (First) (Middle)
900 HIGH ST.
(Street)
HANOVER PA 17331
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Class A Common Stock 08/29/2025 A 127(1)(2)(3) A $0 13,281 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Each of 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 (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.
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 of Issuer's Class A Common Stock subject to the restricted stock units vest on December 31, 2027, 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.
3. Reflects the issuance of additional shares under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan") that the Issuer intended to include in the Reporting Person's 05/01/2025 award.
Remarks:
/s/ Theresa R. Shea, as attorney-in-fact for William J. Kelley, Jr. 08/29/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did UTZ insider William J. Kelley Jr. report on 08/29/2025?

The Form 4 reports that William J. Kelley Jr. acquired 127 restricted stock units on 08/29/2025, increasing his beneficial ownership to 13,281 shares.

When do the restricted stock units granted to UTZ's CFO vest?

The restricted stock units vest 100% on December 31, 2027, subject to the reporting person's continuous service and Plan conditions.

What is the price and nature of the securities reported in the UTZ Form 4?

Each restricted stock unit represents a contingent right to one share and the reported acquisition carried a $0 price under the company's Omnibus Equity Incentive Plan.

Who filed the Form 4 for William J. Kelley Jr.?

The Form 4 was signed by Theresa R. Shea as attorney-in-fact for William J. Kelley Jr. on 08/29/2025.

Does the Form 4 report any derivative transactions or sales by the reporting person?

No; the filing reports a non-derivative acquisition of restricted stock units and does not disclose any derivative transactions or dispositions.