Form 4: UMB Financial Corp Executive Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Phillip James Mason, President of Institutional Banking at UMB Financial Corp, disposed of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 12, 2025, Phillip James Mason, President of Institutional Banking at UMB Financial Corp, reported a transaction involving the disposal of 35 shares of common stock.
- The shares were disposed of to cover tax obligations.
- Following the transaction, Mason directly owns 9,565.419 shares of UMB Financial Corp common stock.
- Mason also indirectly owns 851.896 shares through a 401(k) and 228.985 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or confidence in the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not represent a significant change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of stock disposal transaction. |
| 02/14/2025 | Date of signature by attorney-in-fact. |
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