0001739566-22-000020.txt : 20220105 0001739566-22-000020.hdr.sgml : 20220105 20220105213139 ACCESSION NUMBER: 0001739566-22-000020 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220103 FILED AS OF DATE: 20220105 DATE AS OF CHANGE: 20220105 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kataria Ajay CENTRAL INDEX KEY: 0001821334 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38686 FILM NUMBER: 22513509 MAIL ADDRESS: STREET 1: 900 HIGH STREET CITY: HANOVER STATE: PA ZIP: 17331 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Utz Brands, Inc. CENTRAL INDEX KEY: 0001739566 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 981425274 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 BUSINESS ADDRESS: STREET 1: 900 HIGH STREET CITY: HANOVER STATE: PA ZIP: 17331 BUSINESS PHONE: 717-637-6644 MAIL ADDRESS: STREET 1: 900 HIGH STREET CITY: HANOVER STATE: PA ZIP: 17331 FORMER COMPANY: FORMER CONFORMED NAME: Collier Creek Holdings DATE OF NAME CHANGE: 20180503 4 1 wf-form4_164143628490687.xml FORM 4 X0306 4 2022-01-03 0 0001739566 Utz Brands, Inc. UTZ 0001821334 Kataria Ajay C/O UTZ BRANDS, INC. 900 HIGH STREET HANOVER PA 17331 0 1 0 0 EVP & CFO Class A Common Stock 2022-01-03 4 M 0 102930 A 117487 D Class A Common Stock 2022-01-03 4 F 0 51452 15.95 D 66035 D Restricted Stock Unit and Tax-Offset Right 2022-01-03 4 M 0 79636 0 D Class A Common Stock 102930.0 0 D Each restricted unit (an "RSU") that converted into shares of Class A Common Stock of Issuer, represented a contingent right to receive one share of Issuer's Class A Common Stock under the Utz Quality Foods, LLC 2020 Long-Term Incentive Plan, a sub-plan to the Issuer's 2020 Omnibus Equity Incentive Plan, and which is accompanied by a tax-offset right. The tax-offset right entitled the reporting person to receive, upon settlement of the RSU, a payment in cash or shares of Class A Common Stock with a fair market value equal to the difference between the amount of local, state and federal taxes (taking into account income and payroll taxes) with respect to the reporting person's receipt of the shares of Class A Common Stock underlying the RSU and the amount to which the reporting person would have been paid if the shares of Class A Common Stock underlying the RSU received capital gains treatment rather than ordinary income tax treatment in connection with the event. Represents shares withheld for payment of tax liability arising as a result of the settlement of a restricted stock unit and tax-offset right originally reported by the reporting person in a Form 4 filed with the Commission on September 1, 2020. Subject to the forfeiture conditions set forth in an agreement with the Issuer, the restricted stock units are fully vested on the date of issuance. Vested shares of Class A Common Stock will be delivered to the reporting person no later than 30 days following a distribution event, which occurs upon the earlier of a change in control of Utz Quality Foods, LLC and December 31, 2021. Each restricted unit represents a contingent right to receive one share of Utz Brands, Inc. Class A Common Stock under the Utz Quality Foods, LLC 2020 Long-Term Incentive Plan, a sub-plan to the Plan, and which is accompanied by a tax-offset right. /s/ Jeremiah G. Garvey, as attorney-in-fact for Ajay Kataria 2022-01-05