Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 70

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 70
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 financial statements for the fiscal year ended December 29, 2024, included in our Annual Report on Form 10-K . As of December 29, 2024, the non-employee directors who served during fiscal year 2024 held RSUs with respect to the following number of shares: Mr. Lissette: 63,442, Mr. Steeneck: 7,420, Mr. Deromedi: 7,420, Mr. Giordano: 7,420, Mr. Altmeyer: 7,420, Mr. Brown: 7,420, Ms. Choi: 7,420, Mr. Fernandez: 7,420, Mr. Lindeman: 7,420, Ms. Stewart: 7,420, Mr. Rice: 0, and Mr. Werzyn: 5,297. (3) Mr. Rice resigned from the Board effective August 20, 2024, and Mr. Rice’s outstanding RSUs vested upon the date of his resignation. (4) Mr. Werzyn was appointed to the Board effective August 20, 2024. CEO PA Y RATIO As required by SEC rules, we are providing the following information about the ratio of the total annual compensation of our Chief Executive Officer and the total annual compensation of our median employee (the “Median Employee”). We believe our Chief Executive Officer pay ratio is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. For fiscal year 2024, our last completed fiscal year: ▪ Total Annual Compensation of our Chief Executive Officer was $4,907,657. ▪ Total Annual Compensation of our Median Employee was $56,265.

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EXECUTIVE AND DIRECTOR COMPENSATION§DIRECTOR COMPENSATION IN FISCAL YEAR 2024

Based on this information, for fiscal year 2024, the estimated ratio of the compensation of our Chief Executive Officer and the Median Employee was approximately 87 to 1.

This pay ratio is a reasonable estimate calculated in a manner consistent with SEC rules based on the methodology described below. The SEC rules for identifying the median compensated employee and calculating the pay ratio allow companies to adopt a variety of methodologies, apply certain exclusions, and make reasonable estimates and assumptions that reflect their compensation practices. As such, the pay ratio reported by other companies may not be comparable to the pay ratio reported above, as other companies may utilize different methodologies, exclus