Form 4: UMB Financial Corp Chairman and CEO, J Mariner Kemper, Executes Stock Sales Under 10b5-1 Plan
SEC Form 4
J Mariner Kemper, Chairman and CEO of UMB Financial Corp, reported the sale of common stock held indirectly through a trust, executed on May 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 1, 2024, J Mariner Kemper, Chairman and CEO of UMB Financial Corp, executed multiple sales of UMBF common stock.
- The sales were conducted at prices ranging from $80.47 to $80.60 per share.
- A total of 3,992 shares were sold from the RC Kemper Irrevocable Trust.
- Following these transactions, the RC Kemper Irrevocable Trust indirectly holds 1,724,706 shares.
- Kemper also directly owns 27,964 stock options exercisable at $75.25, which vest over time.
- The sales were executed pursuant to a pre-arranged 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock sales under a pre-arranged 10b5-1 plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for signals about management's view of the company's stock. Sales under a 10b5-1 plan are generally less indicative of an insider's current sentiment, as these plans are pre-arranged.
Key Dates
| Date | Description |
|---|---|
| 02/02/2019 | Options will vest 50%. |
| 02/02/2020 | Options will vest 75%. |
| 02/02/2021 | Options will vest 100%. |
| 02/02/2027 | Expiration date of stock options. |
| 05/01/2024 | Date of stock sale transactions. |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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