Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 46

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 46
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 Despite performance highlights in these areas and others, the Company’s revenue goals were not achieved in line with expectations, however the totality of Mr. Friedman’s performance is reflected in his score. ▪ Mr. Devore received a 105% score for his individual objectives, with performance highlights including leading the supply chain transformation transactions which accelerated our deleveraging timeline by a full year. Mr. Devore continued M&A development, established a Transformation Management Office, as well as led the planning and execution of various initiatives in line with our strategic plan.

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EXECUTIVE AND DIRECTOR COMPENSATION § COMPENSATION DISCUSSION AND ANALYSIS ▪ Mr. Kataria received a 100% score for his individual objectives, with performance highlights including delivery on EBITDA targets and continued improvement with the cash conversion processes. Despite performance highlights in these areas and others, the Company’s revenue goals were not achieved in line with expectations, however the totality of Mr. Kataria's performance is reflected in his score. ▪ Mr. Schreiber received a 95% score for his individual objectives, with performance highlights including growth in both share and distribution as well unlocking higher retailer engagement. Mr. Schreiber brought in new leadership allowing for improved capabilities in sales strategy and planning and revenue growth management. Despite these performance highlights in these areas and others, the Company’s revenue goals were not achieved in line with expectations, however the totality of Mr. Schreiber's performance is reflected in his score. ▪ Mr. Arends received a 115% score for his individual objectives, with performance highlights including exceeding expectations in productivity savings and supply chain key performance indicator ("KPI") performance, and leading capacity-expanding capex projects delivered on budget and on time. Additionally, Mr. Arends is cultivating a learning and people-first culture which resulted in step change improvement in safety. Based upon the Company score and the individual scores, the 2024 ABP Awards were calculated as follows:

| NAMED EXECUTIVE OFFICER |     | BASE SALARY 
 ($)         |         |     | TARGET 
    (%) |     | COMPANY RATING(1) 
               (%) |     | IPF 
 (%) |     | 2024 ANNUAL 
 BONUS       
 ($)         |           |
| Howard Friedman         |     |             | 925,000 |     |    115 |     |                92 |     | 105 |     |             | 1,027,583