Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 65

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 65
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ing 200% vested, 70th percentile or above equaling 150% vested, 50th percentile or above equaling 100% vested, 30th percentile or above equaling 50% vested, and lower than 30th percentile equaling 0% vested. For PSU awards granted in 2024, the straight-line vesting basis is as follows: 75th percentile or above equaling 200% vested, 50th percentile or above equaling 100% vested, 25th percentile or above equaling 50% vested, and lower than 25th percentile equaling 0%vested. See “Compensation Discussion and Analysis — Long-Term Incentives — 2020 Omnibus Equity Incentive Plan — Performance Stock Units” for further information. (4) Represents Mr. Friedman's three awards of RSUs that vest under the following schedules: (i) 56,022 of the shares of Class A Common Stock subject to the RSUs vest on December 31, 2024, (ii) 43,068 of the shares of Class A Common Stock subject to the RSUs vest 50% on December 31, 2024 and 50% on December 1, 2025; and (ii) 63,396 of the shares of Class A Common Stock subject to the RSUs vest 1/3 on December 31, 2024, 1/3 on December 31, 2025, and 1/3 on December 31, 2026. (5) The shares of Class A Common Stock subject to the stock options granted on January 28, 2022 vest and become exercisable under the following schedule: The shares subject to the stock option vest and become exercisable on December 31, 2024, subject to the reporting person’s continuous service through such dates and subject to certain conditions as detailed in the 2020 Omnibus Equity Incentive Plan. (6) Represents Mr. Devore's four awards of RSUs that vest under the following schedules: (i) 82,117 of the shares of Class A Common Stock subject to the RSUs vest on December 31, 2024, (ii) 13,560 of the shares of Class A Common Stock subject to the RSUs vest 50% on December 31, 2024, and 50% on December 31, 2025; 20,640 shares of