Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 59

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 59
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 Ownership Guidelines require our Chief Executive Officer, Executive Leadership Team, Executive Officer Team, our Chairperson and our non-employee directors to own our securities having a value equal to the amounts set forth below (the “Minimum Ownership Guidelines”):

| Chief Executive Officer / Chairperson              |     | 6 times his or her annual base salary or Board retainer |
| Members of the Company’s Executive Leadership Team |     | 3 times his or her annual base salary                   |
| Members of the Company’s Executive Officer Team    |     | 1 time his or her annual base salary                    |
| Lead Independent Director                          |     | 6 times the annual Board retainer                       |
| Chairperson Emeritus                               |     | 5 times the annual salary or Board retainer             |
| Non-employee Directors                             |     | 5 times the annual Board retainer                       |

If the covered executive is below the annual Minimum Ownership Guidelines in any given review year, he/she must retain (and not sell) 100% in the case of our Chief Executive Officer and 50% in the case of any other members of the Executive Leadership Team or Executive Officer Team of any eligible shares provided to him/her pursuant to any RSU or PSU award (or any other similar awards) after required tax withholding obligations. If a Director, Chairperson or Chairperson Emeritus is below the annual Minimum Ownership Guidelines in any given review year, he/she must retain (and not sell) 100% of any eligible shares provided to him/her pursuant to any RSU or PSU award (or any other similar awards). Annual review of compliance with the above guidelines will occur each June. The Company recognizes that from time-to-time circumstances may arise that require special consideration. Therefore, the Compensation Committee of the Board may provide exceptions to these ownership guidelines and retention requirements. For the purposes of these Stock Ownership Guidelines, eligible shares shall include Company Class A Common Stock and securities convertible into shares of Class A Common Stock owned by Directors/Officers or their Affiliates, as defined in the Guidelines. Unvested or unearned PSUs and unexercised stock options are not considered eligible shares and do not count towards the ownership guidelines. During fiscal year 2024, each of our directors and members of the Executive Leadership Team and Executive Officer Team were in compliance with our Minimum Ownership Guidelines. Restrictions on Short Sales or Speculative Transactions by All Directors and Associates See “Corporate Governance — Corporate Governance Policies — Restrictions on Short Sales or Speculative Transactions by All Directors and Associates” for