Form 4: Utz Brands Executive Mark Schreiber Reports Stock Transactions

Utz Brands EVP & Chief Customer Officer, Mark Schreiber, reported multiple transactions involving the company's Class A Common Stock, including acquisitions and disposals related to tax liabilities and vesting of stock awards.

Summary

• Mark Schreiber, EVP & Chief Customer Officer at Utz Brands, reported several transactions involving the company's Class A Common Stock.
• On December 31, 2024, Schreiber acquired 324 shares at $14.88 per share through the Employee Stock Purchase Plan.
• On January 2, 2025, 1,952 shares were disposed of to cover tax liabilities from a previous restricted stock unit award.
• Also on January 2, 2025, 1,431 and 1,698 shares were disposed of for tax liabilities related to other restricted stock unit awards.
• On January 3, 2025, Schreiber acquired 13,380 shares through a restricted stock unit award.
• On January 6, 2025, 7,296 shares were acquired upon vesting of performance share unit awards.
• Also on January 6, 2025, 3,050 shares were disposed of to cover tax liabilities from the vesting of performance share unit awards.
• Schreiber also indirectly owns 700 shares through a family trust.

Sentiment

Score: 7

Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative. The acquisitions through stock awards are a positive sign of alignment with company performance, while the disposals for tax liabilities are expected.

Positives

• The acquisition of 13,380 shares through a restricted stock unit award indicates continued alignment with company performance.
• The vesting of 7,296 performance share units suggests the executive is meeting performance targets.

Negatives

• The disposal of 5,081 shares to cover tax liabilities, while routine, reduces the executive's direct shareholding.

Risks

• The document does not indicate any specific risks.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• Stock transactions by executives are a standard practice in publicly traded companies like Utz Brands.
• The use of restricted stock units and performance share units is a common method of executive compensation, similar to practices at companies like PepsiCo and Mondelez International.
• The tax withholding of shares upon vesting is a standard procedure to cover tax liabilities, which is also seen in other companies' executive compensation plans.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and ownership changes.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Utz Brands, Stock Transactions, Form 4, Insider Trading, Restricted Stock Units, Performance Share Units, Employee Stock Purchase Plan, Executive Compensation