Form 4: Utz Brands EVP Cary Devore Sells 40,000 Shares
SEC Form 4 Filing
EVP, Chief Op & Transform Ofc Cary Devore sold 40,000 shares of Utz Brands, Inc. at an average price of $18.9928 on May 7, 2024.
Summary
- On May 7, 2024, Cary Devore, EVP, Chief Op & Transform Ofc of Utz Brands, Inc., sold 40,000 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $18.9928 per share.
- Prices for the shares sold ranged from $18.94 to $19.085.
- Following the transaction, Devore directly owns 480,173 shares of Utz Brands, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider. It provides transparency to the market regarding the trading activities of Utz Brands' executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| May 4, 2023 | Date of Power of Attorney granted to Howard A. Friedman, Ajay Kataria, Theresa R. Shea, Lindsey M. Stillwell, Jeremiah G. Garvey, and Seth H. Popick. |
| May 7, 2024 | Date of transaction: Cary Devore sold 40,000 shares of Utz Brands, Inc. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.