Utz Brands (NYSE: UTZ) director donates 15,500 Class A shares
Rhea-AI Filing Summary
Utz Brands, Inc. director Roger K. Deromedi reported a charitable gift of 15,500 shares of Class A Common Stock on a Form 4. The shares were donated from the Roger K. Deromedi Revocable Trust to a charitable organization, and the filing states this was not a market transaction and no value was received. The filing also notes that Deromedi has voting and dispositive power over several trusts that hold additional Utz Class A shares, reflecting his ongoing indirect ownership position in the company.
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FAQ
What insider transaction did UTZ director Roger K. Deromedi report?
Roger K. Deromedi reported a charitable donation of 15,500 shares of Utz Brands Class A Common Stock, transferred from his revocable trust to a charitable organization.
Was the UTZ insider transaction a market sale of shares?
No. The filing explains that the 15,500-share transfer was a charitable donation, not a market transaction, and that no value was received for the gifted shares.
Through which entity were the 15,500 UTZ shares donated?
The 15,500 Class A shares were held by the Roger K. Deromedi Revocable Trust and donated from that trust to a charitable organization.
What is Roger K. Deromedi’s relationship to Utz Brands (UTZ)?
Roger K. Deromedi is identified in the filing as a director of Utz Brands, Inc.
How does Roger K. Deromedi hold his UTZ shares after the transaction?
The filing states that various trusts, including the revocable trust and several grantor retained annuity trusts, hold Utz Class A shares and that Deromedi has voting and dispositive power over certain of these trusts.
Did Roger K. Deromedi receive any proceeds from the UTZ share donation?
No. The filing specifies that the charitable donation involved no market price and that no value was received for the gifted shares.