Form 4: UMB Financial Corp Director Reports Acquisition of Shares Following Heartland Financial USA Merger

Susan G. Murphy, a director of UMB Financial Corp, reports acquiring shares of common stock as a result of the merger with Heartland Financial USA, Inc.

Summary

• On January 31, 2025, Susan G. Murphy, a director of UMB Financial Corp, acquired 11,110 shares of UMB Financial Corp common stock.
• The acquisition resulted from the merger between UMB Financial Corporation and Heartland Financial USA, Inc., which was previously announced on April 28, 2024.
• Under the merger agreement, each share of Heartland Financial USA, Inc. common stock was converted into 0.5500 shares of UMB common stock.
• Restricted stock units held by the reporting person vested and were converted into the right to receive 0.5500 shares of UMB common stock for each underlying share of Heartland Financial USA, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a previously announced merger, which is generally viewed favorably. There are no indications of negative impacts or concerns.

Positives

• The merger between UMB Financial Corporation and Heartland Financial USA, Inc. has been completed, resulting in the acquisition of shares by a director.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects ongoing consolidation trends within the financial services industry, where companies seek to expand their market presence and service offerings through mergers and acquisitions.

Stakeholder Impact

• Shareholders of Heartland Financial USA, Inc. received 0.5500 shares of UMB common stock for each share they held.
• Employees of both companies may experience changes as a result of the merger.

Key Dates

Keywords

UMB Financial Corp, Heartland Financial USA, Merger, Share Acquisition, Director, Susan G. Murphy, Common Stock, Restricted Stock Units