UMBF.NASDAQUmb Financial CORP

Form 4: UMB Financial Corp Chairman and CEO Kemper J Mariner Reports Stock Sales

Sentiment:

SEC Form 4 Filing

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Kemper J Mariner, Chairman and CEO of UMB Financial Corp, reported multiple sales of common stock on May 1, 2024, according to a Form 4 filing with the SEC.

Summary

  • Kemper J Mariner, Chairman and CEO of UMB Financial Corp, filed a Form 4 with the SEC on May 2, 2024.
  • The filing reports multiple sales of UMBF common stock on May 1, 2024.
  • The sales were executed at prices ranging from $80.61 to $80.82.
  • A total of 1,726 shares were sold from a trust account.
  • The filing also indicates that these sales were made pursuant to a pre-arranged 10b5-1 trading plan.
  • Mariner directly owns 257,796.2177 shares of common stock.
  • Mariner indirectly owns shares through various trusts, custodial accounts, and entities, totaling 1,724,406 shares held by the RC Kemper Irrevocable Trust, 290,397 shares held by Kemper Realty, 395,989 shares held by Pioneer Service Corporation, and other holdings.
  • Mariner also owns options to purchase 27,964 shares of common stock at an exercise price of $75.25, which vest over time.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock sales under a pre-arranged plan. There's no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to have pre-arranged trading plans to avoid accusations of trading on non-public information.

Key Dates

DateDescription
02/02/2019First vesting date (50%) for stock options.
02/02/2020Second vesting date (75%) for stock options.
02/02/2021Final vesting date (100%) for stock options.
02/02/2027Expiration date for stock options.
05/01/2024Date of stock sales.
05/02/2024Date of Form 4 filing.

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