Utz Brands (UTZ) CMO awarded 23,676 RSUs after tax share withholdings
Rhea-AI Filing Summary
Utz Brands, Inc. executive vice president and chief marketing officer Jennifer Bentz reported several equity transactions in the company’s Class A common stock. On January 2, 2026, shares were withheld to cover tax liabilities tied to the settlement of previously granted restricted stock unit awards, in three separate withholding transactions of 2,573, 1,422, and 1,445 shares at a price of $10.38 per share. These withholdings reduced but did not eliminate her direct holdings.
On January 5, 2026, she acquired 23,676 shares at $0, representing a new restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan. Each unit represents the right to receive one share of Class A common stock. The award vests in three 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 other plan conditions. Following the reported transactions, she directly owns 59,749 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 23,676 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,573 | $10.38 | $27K |
| Tax Withholding | Class A Common Stock | 1,422 | $10.38 | $15K |
| Tax Withholding | Class A Common Stock | 1,445 | $10.38 | $15K |
Footnotes (1)
- Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on July 18, 2023. Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on February 2, 2024. Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit award originally reported by the reporting person in a Form 4 filed with the Commission on January 6, 2025. 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 equity transactions were reported for Utz Brands (UTZ)?
EVP and chief marketing officer Jennifer Bentz reported share withholdings for tax payments on settled restricted stock units on January 2, 2026, and a new restricted stock unit award on January 5, 2026 in Utz Brands Class A common stock.
What new equity award did the Utz Brands (UTZ) executive receive?
On January 5, 2026, Jennifer Bentz received a restricted stock unit award covering 23,676 shares of Utz Brands Class A common stock at $0 per share under the company’s 2020 Omnibus Equity Incentive Plan.
What is the vesting schedule for the new Utz Brands (UTZ) restricted stock units?
The 23,676 restricted stock units vest in three tranches, subject to continuous service: 33.33% on December 31, 2026, 33.33% on December 31, 2027, and 33.34% on December 31, 2028.
What plan governs the reported restricted stock units for Utz Brands (UTZ)?
The restricted stock units are 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.