Theresa Robbins Shea - Mar 7, 2022 Form 4 Insider Report for Utz Brands, Inc. (UTZ)

Role: EVP and General Counsel
Signature: /s/ Jeremiah G. Garvey as attorney-in-fact for Theresa Robbins Shea
Stock symbol: UTZ
Transactions as of: Mar 7, 2022
Transactions value $: $14,993
Form type: 4
Date filed: 3/8/2022, 07:18 PM
Previous filing: Feb 1, 2022
Next filing: Jul 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTZ	Class A Common Stock	Purchase	$15K	+1.1K	+23.73%	$13.63	5.74K	Mar 7, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 4,635 shares of the Issuer's Class A Common Stock that are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest under the following schedule: 50% of the shares of Class A Common Stock subject to the restricted units vest on December 31, 2022 and 50% of the shares of Class A Common Stock subject to the restricted stock units vest on December 31, 2023 for so long as the participant remains in Continuous Service (as defined in the Plan) to the Company and subject to certain conditions detailed in the Plan.

Content

Includes 4,635 shares of the Issuer's Class A Common Stock that are subject to a restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest under the following schedule: 50% of the shares of Class A Common Stock subject to the restricted units vest on December 31, 2022 and 50% of the shares of Class A Common Stock subject to the restricted stock units vest on December 31, 2023 for so long as the participant remains in Continuous Service (as defined in the Plan) to the Company and subject to certain conditions detailed in the Plan.