DEROMEDI ROGER K 4
Research Summary
AI-generated summary
Utz Brands (UTZ) Director Roger K. Deromedi Receives Award
What Happened
Roger K. Deromedi, a director of Utz Brands, was granted 16,927 restricted stock units (RSUs) on April 23, 2026. The Form 4 reports the award as an acquisition (A) at $0.00 per share (total reported value $0). These RSUs are awards under the Utz Brands, Inc. 2020 Omnibus Equity Incentive Plan and represent a contingent right to receive one share of Class A common stock per unit.
Key Details
- Transaction date: 2026-04-23; filing date: 2026-04-27 (filed within the Form 4 2-business-day window).
- Award: 16,927 RSUs reported at $0.00 per share (Form value $0).
- Vesting: 100% of the RSUs vest on April 23, 2027, subject to continuous service and plan conditions (Footnote F2).
- Holdings after the transaction: not specified in the provided excerpt of the Form 4.
- Notable footnotes: RSUs are governed by the company’s 2020 Omnibus Plan (F1). Several trust arrangements are referenced (various GRATs and a Revocable Trust) where the reporting person holds voting/dispositive power (F7, F9–F13); an Irrevocable Trust is controlled by the reporting person’s spouse and the reporting person disclaims beneficial ownership for that trust (F8).
Context
This was an equity compensation award (not a market purchase or sale). RSUs are a common form of compensation and do not require cash outlay by the insider; they represent a future right to receive shares if vesting conditions are met. The filing appears timely and does not indicate an immediate sale or exercise.