Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 45

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 45
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%                   |
| Below Expectations                 |     | 50-80%                    |
| Unsatisfactory                     |     | 0-50%                     |

Individual Performance Factor (IPF) Each named executive officer has individual objectives set at the beginning of each year, as shown below, which are reflective of his or her responsibilities based on his or her role. The Compensation Committee determines an IPF for the Chief Executive Officer based on a review of his performance during the fiscal year. For the other executive officers, the Chief Executive Officer recommends an IPF at the end of the performance year based on the achievement against the individual objectives, and the IPFs are reviewed and approved by the Compensation Committee.

| IPF RATING                          |     | IPF      |
| Significantly Exceeded Expectations |     | 140-150% |
| Exceeded Expectations               |     | 110-140% |
| Met Expectations                    |     | 80-110%  |
| Below Expectations                  |     | 50-80%   |
| Unsatisfactory                      |     | 0-50%    |

2024 ABP Results The actual net sales performance for ABP was $ 1,409.3 million, which resulted in a 68% payout for this component of the ABP. The actual Adjusted EBITDA performance was $200 million, which resulted in a 100% payout for this component of the ABP. Our actual OGSM percentage, awarded by the Board of Directors, resulted in a 110% payout for this component of the ABP based on a review of the overall performance of the Company against the OGSM goals. The Board of Directors assigned this payout component based on market share expansion, household penetration, and delivery on free cash flow improvements, the excellent progress in increasing productivity and managing pricing/mix to enhance Adjusted EBITDA margins; and improving our leading capabilities. The Compensation Committee evaluated the individual contributions of our Chief Executive Officer, our Chief Financial and Accounting Officer, and the contributions of our remaining named executive officers, in addition to their efforts in delivering our overall results and operational goals. In evaluating the individual performance of our named executive officers, the following scores were determined based on performance against individual objectives: ▪ Mr. Friedman received a 105% score for his individual objectives, with performance highlights including delivery of Company OGSMs and driving greater cross functional planning. Company OGSM highlights include exceeding targets for household penetration, productivity savings, and free cash flow.