Form 4: UMB Financial Corp Chairman and CEO, J Mariner Kemper, Executes Stock Sales Under 10b5-1 Trading Plan
SEC Form 4
J Mariner Kemper, Chairman and CEO of UMB Financial Corp, reports multiple sales of common stock held indirectly through a trust, executed under a pre-arranged 10b5-1 trading plan.
Summary
- On August 1, 2024, J Mariner Kemper, Chairman and CEO of UMB Financial Corp, reported the sale of multiple blocks of UMBF common stock.
- The sales were executed at prices ranging from $97.525 to $98.1 per share.
- A total of 7,031 shares were sold.
- The shares were held indirectly through the RC Kemper Irrevocable Trust.
- These transactions were conducted under a pre-existing 10b5-1 trading plan established on December 13, 2023.
- Following these transactions, the reporting person continues to beneficially own a significant amount of UMBF stock, both directly and indirectly.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transactions were pre-planned under a 10b5-1 trading plan and do not necessarily indicate a change in the executive's outlook on the company.
Industry Context
Insider transactions are routinely monitored by investors as they can provide signals, though sales under 10b5-1 plans are often pre-scheduled and may not reflect current sentiment.
Key Dates
| Date | Description |
|---|---|
| 2023-12-13 | Date of establishment of the 10b5-1 trading plan. |
| 2024-08-01 | Date of the reported stock sales. |
| 2024-08-05 | Date of signature on the Form 4 filing. |
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