Form 4: Utz Brands Director Sells Shares for Tax Obligation

Utz Brands Director Dylan Lissette disposed of 16,891 Class A Common Stock shares at $10.38 each to cover tax liabilities from a restricted stock unit award.

Summary

• Dylan Lissette, a Director at Utz Brands, Inc. (UTZ), reported a transaction involving Class A Common Stock.
• On February 27, 2026, 16,891 shares of Class A Common Stock were disposed of at a price of $10.38 per share.
• This disposition was coded as 'F', indicating shares withheld for payment of tax liability.
• The tax liability arose from the settlement of a restricted stock unit award, originally reported on December 19, 2022.
• Following this transaction, Dylan Lissette directly beneficially owns 143,803 shares of Class A Common Stock.
• Additionally, 14,829 shares are indirectly held by a trust for the benefit of the reporting person's youngest child, with beneficial ownership disclaimed by Dylan Lissette.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to tax obligations from equity compensation, which does not reflect a change in company fundamentals or insider sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that the disposition of shares to cover tax liabilities upon the vesting of restricted stock units is a common and routine event for executives and directors receiving equity compensation. This type of transaction is generally not indicative of a change in management's outlook on the company's prospects.

Related Party Transactions

• 14,829 shares are indirectly held by a trust for the benefit of the reporting person's youngest child, who shares the reporting person's household. The reporting person disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary sale for tax purposes and does not signal a change in the director's investment thesis or company performance.

Key Dates

Recommendation

This Form 4 reports a non-discretionary sale of shares to cover tax obligations related to restricted stock unit vesting, which is a common and expected event for executives receiving equity compensation. It does not reflect a change in the director's investment thesis or a discretionary sale, thus it has no material impact on the company's fundamentals or investment recommendation.

Keywords

Utz Brands, UTZ, Form 4, insider transaction, stock disposition, tax liability, restricted stock units, director