Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 63

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 63
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2024(4) |     |                            |     |           |     |           |     |                    6,590 |     | 13,179 |     |  26,358 |     |          |     |   358,205 |
|                 | RSU         | 01/31/2024(5) |     |                            |     |           |     |           |     |                          |     |        |     |         |     |   13,179 |     |   233,268 |
|                 | ABP         |               |     |                    151,125 |     |   302,250 |     |   604,500 |     |                          |     |        |     |         |     |          |     |           |

(1) Represents the threshold, target and maximum potential amounts each named executive officer had the opportunity to earn for 2024 payable pursuant to the ABP. See “Compensation Discussion and Analysis — Annual Cash Short-Term Incentive Award Program (“Annual Bonus Plan” or “ABP”)” for a description of the ABP and “Summary Compensation Table” above. (2) The columns under “Estimated Future Payouts Under Equity Incentive Plan Awards” represent the PSUs granted in fiscal year 2024 that will vest on December 31, 2026 based upon achievement of Company performance metrics. Earned payments may range from 0% to 200% of target based on performance. See “Compensation Discussion and Analysis — Long-Term Incentives — 2020 Omnibus Equity Incentive Plan — Performance Stock Units” above. The grant date fair value reported above is based upon the Company’s determination of the probable outcome of the Company’s satisfaction of the performance conditions as of the grant date, computed in accordance with FASB ASC Topic 718. (3) Represents an award of PSUs granted on 01/31/2024. The PSUs are subject to vesting on December 31, 2026, based on the Company’s total shareholder return (“TSR”) achievement for the performance period beginning on January 1, 2024 and ending on December 31, 2026, subject to the Compensation Committee’s certification following the performance period of the extent to which the performance goal has been satisfied, assuming continued employment through the vesting date. (4) Represents an award of RSUs granted on 01/31/2024. The RS