Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 47

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 47
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 Equity Incentive Plan, assuming that each outstanding award is exercised for or settles into one share of Class A Common Stock. The Compensation Committee and senior management monitor the Company’s equity grant practices to evaluate whether such practices comply with governing regulations and are consistent with good corporate practices. When making regular annual equity grants, the Compensation Committee’s practice is to approve them at its meeting in January as part of the annual compensation review and after results for the preceding fiscal year become available. In addition, the Compensation Committee may make grants at any time during the year it deems appropriate, including with respect to new hires or transitions. The Company does not schedule its equity grants in anticipation of the release of material non-public information ("MNPI") nor does the Company time the release of MNPI based on equity grant dates.

#### 2025 Proxy Statement39
EXECUTIVE AND DIRECTOR COMPENSATION § COMPENSATION DISCUSSION AND ANALYSIS The table below sets forth the fiscal year 2024 target award value, as of the date of grant, of the annual long-term incentive awards for each of our named executive officers under our 2020 Omnibus Equity Incentive Plan. Annual long-term incentive awards to our named executive officers are delivered 50% in PSUs and 50% in RSUs.

| Named Executive Officers |   |    Amount |
|:-------------------------|:--|----------:|
| Howard Friedman          | $ | 2,125,000 |
| Cary Devore              | $ |   691,876 |
| Ajay Kataria             | $ |   656,250 |
| Mark Schreiber           | $ |   442,225 |
| Mitchell Arends          | $ |   441,750 |

See “Grants of Plan Based Awards — Fiscal Year 2024” for a discussion of the fiscal year 2024 awards granted to our named executive officers pursuant to the 2020 Omnibus Equity Incentive Plan. Performance Stock Units Our PSUs provide the participant with the opportunity to earn shares of our Class A Common Stock if we achieve certain thresholds with respect to our relative total stockholder return ("TSR"). The number of shares subject to the PSUs that vest and are settled at the end of each three year performance period is based on the Company’s cumulative total stockholder return relative to the total stockholder returns of members of a performance peer group. In connection with the PSU awards, the Compensation Committee approves a performance peer group as a means of establishing performance