Award. The Company hereby grants to Participant a restricted stock unit award (the “Award”) covering shares (the “Shares”) of Common Stock, par value $0.01 per share, of the Company according to the terms and conditions set forth herein and in the People’s Utah Bancorp 2014 Incentive Plan (the “Plan”). Each restricted stock unit (a “Unit”) represents the right to receive one Share, subject to the vesting requirements of this Agreement and the terms of the Plan. The Units are granted under [Section 6(c)] of the Plan. Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Plan. A copy of the Plan will be furnished to Participant upon execution of this Agreement.

Restricted Stock Unit Award. The Participant is hereby awarded, pursuant to ​ 2021 Long-Term Incentive Plan (as amended from time to time, the “Plan”), and subject to its terms, a Restricted Stock Unit award (the “Award”) giving the Participant the conditional right to receive, without payment but subject to the conditions and limitations set forth in this Agreement and in the Plan, [●] shares of common stock of the Company, par value $1.00 per share (the “Shares”), subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof.