Form 4: Utz Brands Executive Mark Schreiber Sells 20,103 Shares

Mark Schreiber, EVP & Chief Customer Officer of Utz Brands, Inc., sold 20,103 shares of Class A Common Stock at a weighted average price of $19.469 on May 6, 2024.

Summary

• On May 6, 2024, Mark Schreiber, the EVP & Chief Customer Officer of Utz Brands, Inc. (UTZ), sold 20,103 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $19.469 per share, with individual transactions ranging from $19.4307 to $19.54.
• Following the transaction, Schreiber directly owns 108,126 shares of Class A Common Stock.
• Additionally, Schreiber indirectly owns 700 shares through a family trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. The sentiment is neutral as it simply reports a transaction.

Industry Context

Executive stock sales are a common occurrence and can be for various reasons, including diversification, tax planning, or personal expenses. It's important to consider the context of the sale, such as the overall trading volume and the executive's remaining holdings, to assess the potential impact on investor sentiment.

Stakeholder Impact

• The sale of shares by an executive could potentially influence investor sentiment, although the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates