Form 4: Utz Brands Director Antonio F. Fernandez Reports Changes in Beneficial Ownership

Director Antonio F. Fernandez reports acquisition of Class A Common Stock and restricted stock units in Utz Brands, Inc.

Summary

• Antonio F. Fernandez, a director of Utz Brands, Inc., filed a Form 4 with the SEC on April 26, 2024.
• The report details changes in his beneficial ownership of Utz Brands Class A Common Stock.
• On April 24, 2024, Fernandez acquired 270 shares as part of the May 2022 non-employee director equity retainer.
• He also acquired 7,420 shares subject to a restricted stock unit award under the company's 2020 Omnibus Equity Incentive Plan.
• Following these transactions, Fernandez beneficially owns 236,933 shares of Class A Common Stock.
• The restricted stock units vest on April 24, 2025, contingent upon continuous service to the company.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company director. The acquisition of shares could be interpreted as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units vest on April 24, 2025, subject to the reporting person's continuous service to the Company through such date and subject to certain conditions detailed in the Plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's view of the company's prospects.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, as it reflects the director's continued investment in the company.

Key Dates