Form 4: Utz Brands Director Dylan Lissette Reports Acquisition of Restricted Stock Units

Director Dylan Lissette reports acquisition of restricted stock units in Utz Brands, Inc.

Summary

• On April 24, 2024, Dylan Lissette, a director of Utz Brands, Inc., acquired 7,420 shares of Class A Common Stock through a restricted stock unit award.
• These restricted stock units vest on April 24, 2025, contingent upon continuous service to the company.
• Following the transaction, Lissette directly owns 128,225 shares of Utz Brands Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it aligns management interests with company performance.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment to Utz Brands.

Future Outlook

The vesting of the restricted stock units is contingent upon the reporting person's continuous service to the Company through April 24, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning management's interests with the company's long-term success.

Key Dates