Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 71

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 71
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ions, estimates, and assumptions in calculating their own pay ratios.

Median Employee

As required by Item 402(u) of Regulation S-K, we are providing the following information about the relationship between the annual total compensation of our employees and the annual total compensation of Howard Friedman, our CEO.

In fiscal year 2024, the annual total compensation of the identified Median Employee was $56,265, calculated in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K. To identify the median of the annual total compensation of all of our employees, as well as to determine the annual total compensation of our Median Employee, we took the following steps:

We determined that as of December 29, 2024, the last day of our fiscal year, we had 3,173 full-time, part-time, and seasonal employees excluding Mr. Friedman, our Chief Executive Officer. We selected December 29, 2024, which is within the last three months of fiscal year 2024, as the date upon which we would identify the Median Employee because it enabled us to make such identification in a reasonably efficient and economical manner.

To determine the median employee, we used base salary and wages paid to our employee population as our consistently applied compensation measure. We annualized compensation for any full or part-time employees who were employed at year-end but did not work during the entire year. No cost-of-living or other adjustments were made to compensation. Using this methodology, we determined that the Median Employee was a non-exempt, full-time associate.

We identified our Median Employee using this compensation measure, which was consistently applied to all our employees included in the calculation. Since all our employees are located in the United States, as is our Chief Executive Officer, we did not make any cost-of-living adjustments in identifying the Median Employee.

Once we identified our Median Employee, we combined all of the elements of such employee’s compensation in accordance with the requirements of Item 402(c)(2) of Regulation S-K.

#### 2025 Proxy Statement55
PAY VS. PERFORMANCE

PAY VS. PERFORMANCE

Pay vs Performance Tabular Disclosure

| Pay vs. Performance Disclosure(1) | Year |          Summary 
     Compensation 
      Table Total 
 for First PEO(2) |     |   |      Summary 
 Compensation 
  Table Total 
   for Second 
       PEO(3) |     |   |  Compensation 
 Actually Paid 
      to First 
     PEO(2)(4) |