Form 4: Utz Brands Director Dylan Lissette Acquires Shares Through Vesting

Director Dylan Lissette acquired 43,507 shares of Utz Brands Class A Common Stock through the vesting of performance share units.

Summary

• Dylan Lissette, a director at Utz Brands, Inc., acquired 43,507 shares of Class A Common Stock on January 6, 2025.
• The shares were acquired through the vesting of performance share unit awards.
• The vesting was approved by the Compensation Committee of the Board of Directors on January 2, 2025.
• The acquisition of these shares was exempt under Rule 16b-3.
• Following the transaction, Lissette directly owns 161,729 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative implications.

Positives

• The vesting of performance share units indicates that the company is meeting its performance goals.
• The increase in director's share ownership aligns their interests with those of shareholders.

Industry Context

This is a routine transaction related to executive compensation and is common in publicly traded companies. It reflects the company's performance and aligns management's interests with shareholders.

Comparison to Industry Standards

• Vesting of performance share units is a common practice in executive compensation across various industries.
• The number of shares acquired is specific to the individual's compensation package and the company's performance metrics.
• Similar transactions are regularly reported by directors and officers of publicly traded companies.

Stakeholder Impact

• The transaction has a positive impact on shareholders as it aligns the director's interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Utz Brands, Director, Dylan Lissette, Share Acquisition, Performance Share Units, Vesting, Class A Common Stock, SEC Form 4, Insider Trading