Form 4: UMB Financial Corp Executive Acquires Restricted Share Units
SEC Form 4 Filing
Thomas S. Terry, Chief Credit Officer of UMB Financial Corp, acquired 1,503 restricted share units on February 7, 2025.
Summary
- On February 7, 2025, Thomas S. Terry, the Chief Credit Officer of UMB Financial Corp, acquired 1,503 restricted share units.
- These restricted share units vest in three tranches: 33% on February 7, 2026, 33% on February 7, 2027, and 34% on February 7, 2028.
- Following the transaction, Mr. Terry directly owns 36,960.3105 shares of common stock and indirectly owns 4,910.2107 shares through an ESOP.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing indicating an executive's compensation and ownership, with no inherent positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive is increasing their stake in the company, which can be seen as a positive signal.
Stakeholder Impact
- The acquisition of restricted share units by a key executive could be viewed positively by shareholders, as it aligns the executive's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of transaction: Acquisition of 1,503 restricted share units. |
| 02/07/2026 | First vesting date: 33% of restricted share units vest. |
| 02/07/2027 | Second vesting date: 33% of restricted share units vest. |
| 02/07/2028 | Third vesting date: 34% of restricted share units vest. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
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