Form 4: Utz Brands Director Roger K. Deromedi Sells Shares Under 10b5-1 Trading Plan

Director Roger K. Deromedi sold shares of Utz Brands, Inc. under a pre-arranged 10b5-1 trading plan.

Summary

• Roger K. Deromedi, a director of Utz Brands, Inc., reported the sale of Class A Common Stock on May 2, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 15, 2023.
• Two transactions were reported: one involving the sale of 62,320 shares at a weighted average price of $19.4129, and another involving the sale of 3,707 shares at a weighted average price of $20.0073.
• Following the reported transactions, Deromedi directly owns 25,379 shares of Class A Common Stock.
• Deromedi also indirectly owns shares through several trusts, including the Roger K. Deromedi Revocable Trust, the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024, the Roger K. Deromedi Irrevocable Generation Skipping Trust, and the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust.
• The reporting person has voting and dispositive power over the Revocable Trust, the GRAT u/a/d 2/22/2024, and the Grantor Annuity Trust.
• The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it simply reports the sale of shares under a pre-arranged trading plan.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.

Key Dates