Form 4: Utz Brands Director Roger K. Deromedi Donates Shares to Charity

Director Roger K. Deromedi reported a charitable donation of 17,750 shares of Utz Brands Class A Common Stock.

Summary

• Roger K. Deromedi, a director of Utz Brands, Inc., filed a Form 4 on March 14, 2024, reporting changes in beneficial ownership.
• On March 12, 2024, Deromedi donated 17,750 shares of Class A Common Stock held by the Roger K. Deromedi Revocable Trust to a charitable organization.
• The donation was not a market transaction, and no value was received for the gifted shares.
• Following the transaction, Deromedi directly owns 17,689 shares and indirectly owns 2,381,720 shares through the Revocable Trust, 360,000 shares through the Irrevocable Trust, 1,000,000 shares through the GRAT u/a/d 2/22/2024, and 650,466 shares through the Grantor Annuity Trust.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing a charitable donation. It doesn't inherently convey positive or negative sentiment, but the act of donating to charity is generally viewed favorably.

Positives

• The donation of shares to a charitable organization could be viewed positively from a corporate social responsibility perspective.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The charitable donation may have a minor positive impact on the company's reputation among stakeholders.

Key Dates