Form 4: UMB Financial Corp Chairman and CEO, Kemper Mariner, Executes Stock Option and Disposes of Shares
SEC Form 4 Filing
Kemper Mariner, Chairman and CEO of UMB Financial Corp, exercised stock options and sold shares on August 2, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 2, 2024, Kemper J Mariner, Chairman and CEO of UMB Financial Corp, exercised stock options to acquire 17,849 shares of common stock at a price of $75.25 per share.
- Following the exercise of the options, Mariner sold a total of 17,849 shares of common stock in multiple transactions at prices ranging from $93.00 to $93.21 per share.
- After these transactions, Mariner directly owns 10,115 derivative securities and indirectly owns a significant amount of UMB Financial Corp common stock through various trusts, custodial accounts, and entities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment. It simply reports facts without expressing any positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal given the size of the transactions relative to the total outstanding shares.
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%. |
| 08/02/2024 | Date of earliest transaction: stock option exercise and share disposal. |
| 02/02/2027 | Expiration date of stock options. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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