Utz Brands (NYSE: UTZ) director donates 15,500 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,500 shares gifted
Mixed
6 txns
Insider
DEROMEDI ROGER K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 15,500 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,526,615 shares (Indirect, See Footnote);
Class A Common Stock — 9,673 shares (Direct)
Footnotes (1)
- This transaction represents a charitable donation of 15,500 shares of Class A Common Stock held by the Roger K. Deromedi Revocable Trust, Dated 2/11/2000, Amended and Restated 11/2/2011 (the "Revocable Trust") to a charitable organization. This is not a market transaction, thus no price has been reported. No value was received for the gifted shares. Reflects a prior transfer of 25,379 shares of the Issuer's Class A Common Stock from Roger K. Deromedi to the Revocable Trust, that was exempt under Rule 16a-13. The securities are held by the Revocable Trust. The Reporting Person holds voting and dispositive power over the Revocable Trust. The securities are held by the Roger K Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 11/19/2024 (the "2024 GRAT 2"). The Reporting Person holds voting and dispositive power over the 2024 GRAT 2. The securities are held by the Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust dated 11/01/2021 (the "2021 GRAT"). The reporting Person holds voting and dispositive power over the 2021 GRAT. The securities are held by the Roger K. Deromedi Irrevocable Generation Skipping Trust dated October 1, 2020, Sandra E. Deromedi, Trustee, FBO Sandra E. Deromedi (the "Irrevocable Trust"). To the extent permitted under applicable law, the Reporting Person disclaims beneficial ownership of the shares held by the Irrevocable Trust. The Reporting Person's spouse holds voting and dispositive power over the Irrevocable Trust. The securities are held by the The Roger K. Deromedi Irrevocable Grantor Retained Annuity Trust (GRAT) u/a/d 2/22/2024 (the "2024 GRAT 1"). The Reporting Person holds voting and dispositive power over the 2024 GRAT 1.
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.
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.