Form 4: Utz Brands Director Werzyn Acquires 5,297 Shares of Class A Common Stock

Director William Werzyn Jr. acquired 5,297 shares of Utz Brands, Inc. Class A Common Stock on August 29, 2024, through a restricted stock unit award.

Summary

• On August 29, 2024, William Werzyn Jr., a director of Utz Brands, Inc., acquired 5,297 shares of Class A Common Stock.
• The acquisition was made through a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan.
• The restricted stock units vest on April 24, 2025, subject to continuous service to the company and certain conditions detailed in the Plan.
• Following the transaction, Werzyn directly owns 5,297 shares of Utz Brands, Inc. Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of an insider transaction. The acquisition of shares by a director could be interpreted as a positive sign, but it's not a major event.

Positives

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

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, and subject to certain conditions detailed in the Plan.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, which is common in the corporate world. It provides transparency to investors regarding the ownership stake of key personnel.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates