New insider Stuart Jeremy K claimed ownership of 15,252 shares (SEC Form 3)
$UTZ
Packaged Foods
Consumer Staples
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/01/2025 |
3. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 15,252(1) | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Explanation of Responses: |
| 1. Reflects (a) 822 shares of Class A Common Stock, (b) 8,415 shares of Class A Common Stock subject to restricted stock unit award under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan (as amended, the "Plan") that vest on 12/31/2025, subject to the reporting person's continuous service through such dates and subject to certain conditions detailed in the Plan, (c) 2,436 shares of Class A Common Stock subject to restricted stock unit award under the Plan that vest 50% on 12/31/2025 and 50% on 12/31/2026, subject to the reporting person's continuous service through such dates and subject to certain conditions detailed in the Plan; and (d) 3,579 shares of Class A Common Stock subject to restricted stock unit award under the Plan that vest 33 1/3% on 12/31/2025, 33 1/3% on 12/31/2026, and 33 1/3% on 12/31/2027, subject to the reporting person's continuous service through such dates and subject to certain conditions detailed in the Plan. |
| Remarks: |
| See Power of Attorney attached hereto as Exhibit 24.1. |
| /s/ Theresa R. Shea as attorney-in-fact for Jeremy K. Stuart | 06/03/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||