Form 4: UMB Financial Corp Executive Reports Stock Disposal for Tax Obligations

Robert Brian Beaird, Chief Human Resource Officer at UMB Financial Corp, disposed of 341 shares of common stock on July 29, 2024, to cover tax obligations related to vested restricted stock units.

Summary

• Robert Brian Beaird, the Chief Human Resource Officer of UMB Financial Corp, filed a Form 4 on July 31, 2024, reporting changes in beneficial ownership of the company's stock.
• On July 29, 2024, Beaird disposed of 341 shares of common stock at a price of $98.03 per share.
• This transaction was executed to satisfy tax obligations related to the vesting of restricted stock units.
• Following the transaction, Beaird directly owns 7,380.3509 shares of UMB Financial Corp common stock and indirectly owns 327.5558 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (stock disposal for tax obligations), so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction for covering tax obligations.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates